Marathon Oil, Apache and Oxy lose almost half their market value Monday
Marathon Oil lost more than half of its market value today. Shares were down 46% at last check to $3.64.
Apache was down 46% late in the afternoon to $11.09
Crude prices are in free fall due to negotiations between OPEC and Russia breaking down and Saudi Arabia launching a price war and promising to boost production to lift its market share.
The price war battered markets already weakened by the continued spread of coronavirus.
Occidental was down 45% to $14.66 - losing more than $12 Monday.