Top Stocks To Watch As The U.S. Opens Up To Condensate Exports

This article was first published by Seeking Alpha on January 7, 2015

By Sarfaraz A. Khan. Research Asst. Iffat Zehra

Since 1970s, the U.S. oil companies have been mostly prohibited from exporting locally produced crude oil. The ban was aimed at safeguarding the U.S.'s national interest as a reaction to the Arab oil embargo in that period which undermined crude supplies in the U.S., given the embargo came at a time when U.S. was already struggling with deteriorating oil production.

Marathon Oil Is Poised to Benefit From Production Growth in U.S.

This article was originally published by TheStreet on August 07, 2014.

By Sarfaraz  A. Khan

NEW YORK (TheStreet) -- Marathon Oil's (MRO_) revenue fell in the second quarter, but a deeper look inside its earnings report reveals that the company is on track to post double-digit growth from its core assets in the U.S.

In announcing its second-quarter results on Monday, Marathon said revenue fell 1.6% to $2.94 billion, partly because of asset sales. But earnings from continuing operations rose almost 50% to $360 million on a 9.1% increase in sales volume from continuing operations, excluding Libya, and on higher oil prices in the U.S.

Furthermore, Commerce Department has recently allowed Pioneer Natural Resources (PXD_)and Enterprise Product Partners (EPD_) to export condensates, a type of ultra-light crude oil. The government had banned all exports of crude oil since the 1970s.