Marathon Oil Corp (MRO)

[OilStockReport]

Since oil did dive, looks like MRO is hanging in there.

Marathon Oil Corporation(MRO_) is an integrated international energy company engaging in the exploration and production, oil sands mining, integrated gas, refining, and marketing and transportation.

Marathon completed the spin-off of its downstream business during 2011 second quarter and acquired assets worth $3.5 billion in the Eagle Ford shale in Texas. For the second quarter, adjusted income from continuing operations was $689 million versus $440 million for the second quarter 2010. Total segment income was $713 million compared to $396 million from continuing operations in the same quarter of 2010.

"Going forward, we are confident that we have the foundation in place to deliver 5 to 7 percent compound average production growth during the period 2010 - 2016. This strong growth profile is underpinned by our pending top-five acreage position in the core, liquids-rich area of the Eagle Ford, as well as solid positions across the Bakken, Anadarko Woodford and Niobrara liquids-rich resource plays," Clarence P. Cazalot Jr., Marathon Oil's chairman, president and CEO, said.

With analysts' buy ratings of 54% and upside potential of 63%, the stock looks a good bet over the next one year. The stock is trading at 5.8 times its estimated 2011 earnings.