Marathon Oil Announces Libya Divestiture for $450 Million
“Today’s announcement to divest
At year-end 2017, the Company carried 199 million barrels of oil equivalent of proved reserves in
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including statements regarding the completion of the disposition and use of proceeds thereof, our 2018 capital development program, production mix and margins, and estimated 2018 free cash flow, are forward-looking statements. While the Company believes that its assumptions concerning future events are reasonable, a number of factors could cause results to differ materially including the failure to satisfy closing conditions as well as risk factors, forward-looking statements and challenges and uncertainties described in the Company's 2017 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings and press releases, available at www.marathonoil.com. Except as required by law, the Company undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise.
Media Relations Contact
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Source: Marathon Oil Corporation