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Behind Marathon Oil's transformation into a top E&P player

After spinning off its refining business into Marathon Petroleum, Marathon Oil has embarked on a journey to become a major exploration and production company, under the guidance of its president, CEO and chairman, Lee Tillman. In an interview, Tillman offered a glimpse into the company's shale strategy, which combines a multi-basin orientation with a factory model for shale drilling, and discussed Marathon's approach to capital discipline and investor returns.

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