The Shares of Marathon Oil Corp. advanced 3.19% to $11.97 Monday. This proved to be an all-around optimistic and trading session for the stock market, with the S&P 500 Index SPX rising 0.99% to 4,197.05 and the Dow Jones Industrial Average DJIA rising 0.54% to 34,393.98.
This was the stock’s second consecutive day of gains. Marathon Oil Corp. closed $1.32 short of its 52-week high ($13.29), which the company reached on March 5th. The stock outperformed some of its competitors Monday, as Exxon Mobil Corp. XOM rose 1.17% to $59.61, Chevron Corp. CVX rose 1.42% to $105.60, and Royal Dutch Shell PLC ADR Cl A RDS. A rose 1.15% to $40.31. Trading volume (16.1 M) remained 5.0 million below its 50-day average volume of 21.1 M.
Marathon Oil Corp operates as an independent exploration and production company in the United States and Equatorial Guinea. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties.
The company was formerly known as USX Corporation and changed its name to Marathon Oil Corp in July 2001. Marathon Oil Corp was founded in 1887 and is headquartered in Houston, Texas.