Marathon Oil (MRO) Stock Is Rising Over 5% Today: Should You Bet Now To Gain?

Several oil and gas companies are trading higher today as Tropical Storm Isaac threatens to disrupt supply. Marathon Oil is up 4.5% at $12.04, after reaching a high of $12.33. Tropical Storm Ida is expected to hit the US Gulf Coast this weekend as a hurricane. It’s expected to generate life-threatening storm surges and torrential rainfalls. Marathon Oil is an independent producer that explores for and produces oil and natural gas in the US. As of the end of 2020, its proved reserves were 972 million barrels of oil.

Marathon Oil (MRO) Stock Is Rising Over 5% Today: Should You Bet Now To Gain?Marathon Oil Corporation explores for and produces crude oil and natural gas in the United States and in Equatorial Guinea. It also owns and operates various natural gas and liquids processing facilities. Marathon Oil Corporation is an independent oil and gas company with total proved reserves of approximately 674 million barrels of oil. As of December 31, 2020, its proved undeveloped reserves were estimated at 298 million barrels of oil.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.