mineral exploration project – commodity prices – mining stock- trade and market

Marathon Oil Corporation today announced a $5.1 billion capital, investment and exploration budget for 2010, a 17 percent decrease from 2009 capital spending.

“Marathon’s 2010 capital program will focus on Upstream activity, with an emphasis on the development of sanctioned projects, potentially significant exploration wells and advancing our growing resource plays,” said Clarence P. Cazalot, Jr., Marathon president and CEO.