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Marathon Oil

Marathon Oil (Photo credit: Wikipedia)

Apache Corporation

Apache Corporation (Photo credit: Wikipedia)

Energy stocks declined today

Summary:

  • Apache Corp is an oil and gas exploration and production company and it reduced it’s CEO compensation by 18%. Also the company has announced a plan to sell $4 billion in assets and use half of the proceeds to pay down debt.
  • Shares of Marathon Oil Corp declined because it made the deal to to sell 20% stake of Canadian oil sands FAILED.
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May 23, 2013

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