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HOUSTON — Marathon Oil Corp. said Thursday it has delayed a decision on whether to split into two separate companies, citing the recent volatility in global financial markets.
Marathon announced in July it was considering a move to create one publicly traded company focused primarily on exploration and production and another on refining and marketing. It initially said it expected to make a decision by year’s end.
Marathon president and chief executive Clarence Cazalot Jr. said in a statement Thursday the review so far indicates a separation may enhance shareholder value.
