Marathon Oil (NYS: MRO) has released its guidance for 2013, in which it details a three-part strategy for aggressive growth. The company will first be looking to build a solid portfolio of reliable revenue generation, followed by strengthening its stake in existing high-growth areas such as the Bakken and the Eagle Ford shales, and lastly the company will be looking for new large-scale growth plays, with $450 million in exploration expenditures both offshore in deep water and in nations such as Ethiopia, Kenya, Gabon, Iraq, and Norway.
See more in the following video.
There are many different ways to play the energy sector, and our analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations and is poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this company before the market does. Click here to access your report -- it's totally free.
The article Major Growth Ahead for Marathon Oil originally appeared on Fool.com.Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.