Tuesday, July 20, 2010

Marathon Upstream vs. Apache and Andarko




Here is a little spreadsheet comparison between the Marathon Oil upstream business, vs. its competitors Andarko and Apache.

Andarko has a much higher debt load, market capitalization of the three are quite similar, but the profitability of MRO and APA are better, probably because Andarko has incurred a higher debt load.

Note: The Market Capitalization is for MRO total company, including the refining business, as is the long term debt amount.

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