Marathon Oil cuts capex by $100 million amid ‘challenging market’

US independent sees a net loss of $750 million in second quarter as ‘tremendous commodity volatility’ and Covid-19 hit

Cutting costs: Marathon Oil chief executive Lee Tillman
Cutting costs: Marathon Oil chief executive Lee TillmanPhoto: MARATHON OIL
Published 6 August 2020, 08:48Updated 6 August 2020, 08:48