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Wall St set for muted open as infrastructure bill vote looms - Netscape Money & Business
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Marathon Oil Inching Up Lower 48 Production to Year s End, but Capex Holding Steady
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Reuters
3 minute read
The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. REUTERS/Chen Aizhu
Aug 4 (Reuters) - Oil and gas producers EOG Resources Inc (EOG.N), APA Corp(APA.O) and Marathon Oil Corp (MRO.N) topped Wall Street estimate for second-quarter profit on Wednesday, driven by higher crude prices.
U.S. crude prices rose 24% in the June quarter and have climbed 45% since the start of 2021 on the back of a vaccine-fueled demand recovery and output cuts by OPEC+.
Marathon also raised its quarterly base dividend by 25% to 5 cents per share, the company s second consecutive increase.