August 2, 2018 / 3:42 PM / in 3 months

BUZZ-Marathon Oil Corp: Up on higher production outlook

** U.S. oil producer’s shares up 3.8 pct at $21.07, top pct gainer on S&P energy index

** Co raises FY production forecast to 400,000-415,000 net boepd from 390,000-410,000 net boepd, while maintaining capex

** Q2 production above co’s forecast range on higher output from Bakken Shale oil play in North Dakota

** However Q2 earnings miss on higher exploration expenses

** Up to Wednesday’s close, stock had risen 24.5 pct this year (Reporting by Karan Nagarkatti in Bengaluru)

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