Marathon Oil, Cenovus, Southern Company: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

CORPORATE
Marathon Oil to Boost 2023 Spending - Marathon Oil Corporation (NYSE:MRO) (Houston, Texas) forecast 2023 spending to be in the range of $1.9 billion to $2 billion, higher than expectations of $1.4 billion for 2022, and said it expects its 2023 production to be 395,000 barrels of oil equivalent per day (boe/d). Production in fourth-quarter 2022 stood at 333,000 boe/d. (Reuters)

Canada's Cenovus Names New Chief Executive - Cenovus Energy Incorporated (NYSE:CVE) (Calgary, Alberta) named Chief Operating Officer Jon McKenzie as its next president and chief executive on Thursday. McKenzie joined Cenovus as financial chief in 2018 when Cenovus acquired Husky Energy, where he held the same post for three years. (Reuters)

EARNINGS REPORTS
Southern Company Narrows Quarterly Loss - U.S. utility holding company Southern Company (NYSE:SO) (Atlanta, Georgia) reported a fourth-quarter 2022 loss of $87 million, compared with a loss of $215 million in the fourth quarter of 2021. Southern Company also reported full-year 2022 earnings of $3.5 billion, compared with $2.4 billion in 2021. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).