Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. As of December 31, 2020, it had estimated proved developed reserves totaling 674 million barrels of oil equivalent (mmboe); and estimated proved undeveloped reserves totaling 298 mmboe. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: marathonoil.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/12/2024 | $45.00 → $29.00 | Sector Outperform → Sector Perform | Scotiabank |
| 4/10/2024 | $35.00 | Overweight | Barclays |
| 3/14/2024 | $31.00 | Hold → Buy | Argus |
| 12/11/2023 | $27.00 → $25.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/12/2023 | $25.00 | Sell → Neutral | Goldman |
| 4/19/2023 | $33.00 | Buy | UBS |
| 3/23/2023 | $27.00 | Neutral → Buy | Citigroup |
| 2/16/2023 | $32.00 | Hold → Buy | The Benchmark Company |
| 1/25/2023 | $41.00 | Overweight | Wells Fargo |
| 1/24/2023 | $27.00 → $28.00 | Equal-Weight → Overweight | Morgan Stanley |
10-Q - MARATHON OIL CORP (0000101778) (Filer)
8-K - MARATHON OIL CORP (0000101778) (Filer)
SD - MARATHON OIL CORP (0000101778) (Filer)
8-K - MARATHON OIL CORP (0000101778) (Filer)
425 - MARATHON OIL CORP (0000101778) (Subject)
8-K - MARATHON OIL CORP (0000101778) (Filer)
425 - MARATHON OIL CORP (0000101778) (Subject)
10-Q - MARATHON OIL CORP (0000101778) (Filer)
425 - MARATHON OIL CORP (0000101778) (Subject)
425 - MARATHON OIL CORP (0000101778) (Subject)
4 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
3 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
4 - MARATHON OIL CORP (0000101778) (Issuer)
HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported third quarter 2024 net income of $287 million or $0.51 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $360 million or $0.64 per diluted share. Net operating cash flow was $1,209 million or $1,042 million before changes in working capital (adjusted CFO). HIGHLIGHTS Third quarter free cash flow of $659 million and adjusted FCF of $589 million be
HOUSTON, Oct. 30, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Dec. 10, 2024, to stockholders of record on Nov. 15, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in
HOUSTON, Oct. 23, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its third quarter 2024 earnings release on Wednesday, Nov. 6, after the close of U.S. financial markets. Due to the pending merger with ConocoPhillips, Marathon Oil will not conduct a third quarter earnings conference call or webcast. About Marathon Oil Marathon Oil (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; Permian in New
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- - Marathon Oil Corporation (NYSE:MRO) reported second quarter 2024 net income of $349 million or $0.62 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $357 million or $0.63 per diluted share. Net operating cash flow was $1,088 million or $1,028 million before changes in working capital (adjusted CFO). HIGHLIGHTS Second quarter free cash flow (FCF) of $442 million and adjusted FCF of $364
HOUSTON, July 31, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Sept. 10, 2024, to stockholders of record on Aug. 21, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian i
HOUSTON, July 17, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today it plans to issue its second quarter 2024 earnings release on Wednesday, Aug. 7, after the close of U.S. financial markets. Due to the pending merger with ConocoPhillips, Marathon Oil will not conduct a second quarter earnings conference call or webcast. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; S
Acquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share. ConocoPhillips expects to achieve at least $500 million of run rate cost and capital savings within the first full year following the closing of the transaction. Independent of the transaction, ConocoPhillips expects to increase its ordinary base dividend by 34% to 78 cents per share starting in the fourth quarter of 2024. Upon closing of the transaction, ConocoPhillips expects share buybacks to be over $20 billion in the first three years, with over $7 billion in the first full year, at recent commodity prices. ConocoPhillips (NYSE:COP) and M
HOUSTON, April 24, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on June 10, 2024, to stockholders of record on May 15, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in
HOUSTON, April 2, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today it plans to issue its first quarter 2024 earnings release on Wednesday, May 1, after the close of U.S. financial markets. The company will conduct a conference call via live webcast, on Thursday, May 2, at 9 a.m. ET. The call will include forward-looking information. All of the above information, including earnings releases and other investor-related material, can be accessed by visiting Marathon Oil's website at www.marathonoil.com About Marathon Oil Marathon Oil Corporation (NYSE:MRO)
HOUSTON, March 26, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) (the "Company") announced today that it has priced an offering of senior notes in an aggregate amount of $1.2 billion, consisting of $600 million principal amount of its 5.300% Senior Notes due 2029 and $600 million principal amount of its 5.700% Senior Notes due 2034. The Company intends to use the net proceeds from the offering, together with cash on hand, to fund the repayment in full of outstanding borrowings under the Company's term loan facility. The offering is expected to close on March 28, 202
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r
HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported third quarter 2024 net income of $287 million or $0.51 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $360 million or $0.64 per diluted share. Net operating cash flow was $1,209 million or $1,042 million before changes in working capital (adjusted CFO). HIGHLIGHTS Third quarter free cash flow of $659 million and adjusted FCF of $589 million be
HOUSTON, Oct. 30, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Dec. 10, 2024, to stockholders of record on Nov. 15, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in
HOUSTON, Oct. 23, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its third quarter 2024 earnings release on Wednesday, Nov. 6, after the close of U.S. financial markets. Due to the pending merger with ConocoPhillips, Marathon Oil will not conduct a third quarter earnings conference call or webcast. About Marathon Oil Marathon Oil (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; Permian in New
HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) ("Marathon Oil") announced today that it received the necessary stockholder approval for Marathon Oil's pending merger with ConocoPhillips (NYSE:COP). Marathon Oil will file the vote results of the special stockholder meeting in a Form 8-K with the U.S. Securities and Exchange Commission (the "SEC"). Marathon Oil and ConocoPhillips continue to expect the transaction to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions. About Marathon OilMara
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- - Marathon Oil Corporation (NYSE:MRO) reported second quarter 2024 net income of $349 million or $0.62 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $357 million or $0.63 per diluted share. Net operating cash flow was $1,088 million or $1,028 million before changes in working capital (adjusted CFO). HIGHLIGHTS Second quarter free cash flow (FCF) of $442 million and adjusted FCF of $364
HOUSTON, July 31, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Sept. 10, 2024, to stockholders of record on Aug. 21, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian i
HOUSTON, July 17, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today it plans to issue its second quarter 2024 earnings release on Wednesday, Aug. 7, after the close of U.S. financial markets. Due to the pending merger with ConocoPhillips, Marathon Oil will not conduct a second quarter earnings conference call or webcast. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; S
Acquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share. ConocoPhillips expects to achieve at least $500 million of run rate cost and capital savings within the first full year following the closing of the transaction. Independent of the transaction, ConocoPhillips expects to increase its ordinary base dividend by 34% to 78 cents per share starting in the fourth quarter of 2024. Upon closing of the transaction, ConocoPhillips expects share buybacks to be over $20 billion in the first three years, with over $7 billion in the first full year, at recent commodity prices. ConocoPhillips (NYSE:COP) and M
Returned $350 Million to Shareholders and Sanctioned Equatorial Guinea Drilling Program HOUSTON, May 1, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported first quarter 2024 net income of $297 million or $0.52 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $317 million or $0.55 per diluted share. Net operating cash flow was $757 million or $861 million before changes in working capital (adjusted CFO). Free cash flow (FCF) was $271 million or $239 million before changes in working capital and including Equatorial Guinea (E.G.
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
SC 13G - MARATHON OIL CORP (0000101778) (Subject)
SC 13G/A - MARATHON OIL CORP (0000101778) (Subject)
Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. As California attorney general, Harris filed lawsuits against fossil fuel companies, supported reducing greenhouse gas emissions, and pushed for a ban on fracking, according to Offshore Technology. Harris has also been critical of offshore oil exploration and defended California's Low Carbon Fuel Standard. This potential shift in the political landscape has investors worried, with oil majors seeing declines on Monday. Oil Stocks Feeling The Heat At the time of
Susquehanna analyst Biju Perincheril maintains Marathon Oil (NYSE:MRO) with a Positive and raises the price target from $33 to $39.
On Thursday, Trinidad and Tobago’s High Court reportedly upheld ConocoPhillips’ (NYSE:COP) arbitration claim against Venezuela, potentially freezing payments for joint natural gas projects. In late May, the court’s decision allowed ConocoPhillips to enforce a $1.33 billion claim against Venezuela for past expropriations by seizing compensation from joint energy projects. Judge Frank Seepersad stated in his decision that Venezuela and its state-owned company PDVSA missed the deadline to present their arguments, reported Reuters. Judge Seepersad said in May, when he made his original decision, “The order gives to the claimant a green light to be able to enforce the judgment in Trinida
JP Morgan analyst Arun Jayaram downgrades Marathon Oil (NYSE:MRO) from Overweight to Neutral and announces $33 price target.
On Thursday, ConocoPhillips (NYSE:COP) and Marathon Oil Corporation (NYSE:MRO) received a Second Request from the Federal Trade Commission (FTC) to extend the Hart-Scott-Rodino waiting period. The merger will proceed after the FTC review and fulfillment of other conditions in the merger agreement. ConocoPhillips and Marathon are working with the FTC on its review and expect the merger to be completed in the fourth quarter of 2024, pending regulatory approvals and Marathon stockholder approval. In May, ConocoPhillips disclosed a definitive deal to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion. This acquisition is anticipated to add over
In the preceding three months, 10 analysts have released ratings for Marathon Oil (NYSE:MRO), presenting a wide array of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 3 0 0 3M Ago 3 2 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $31.8, along with a high estimate of $35.00 and a low estimate of $27.00. A decline of
Scotiabank analyst Paul Cheng downgrades Marathon Oil (NYSE:MRO) from Sector Outperform to Sector Perform and lowers the price target from $45 to $29.
The effect of a Second Request is to extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvement Acts of 1976, as amended (“HSR Act”), until 30 days after each of ConocoPhillips and Marathon has substantially complied with the Second Request issued to it, unless that period is terminated sooner by the FTC. ConocoPhillips and Marathon continue to work constructively with the FTC in its review of the Merger and continue to expect that the Merger will be completed in the fourth quarter of 2024, subject to the fulfillment of the closing conditions in the Merger Agreement, including receipt of required regulatory approvals and approval of Marathon’s stockholders.
- Reuters
Scotiabank downgraded Marathon Oil from Sector Outperform to Sector Perform and set a new price target of $29.00 from $45.00 previously
Barclays initiated coverage of Marathon Oil with a rating of Overweight and set a new price target of $35.00
Argus upgraded Marathon Oil from Hold to Buy and set a new price target of $31.00
Morgan Stanley downgraded Marathon Oil from Overweight to Equal-Weight and set a new price target of $25.00 from $27.00 previously
Goldman upgraded Marathon Oil from Sell to Neutral and set a new price target of $25.00
UBS initiated coverage of Marathon Oil with a rating of Buy and set a new price target of $33.00
Citigroup upgraded Marathon Oil from Neutral to Buy and set a new price target of $27.00
The Benchmark Company upgraded Marathon Oil from Hold to Buy and set a new price target of $32.00
Wells Fargo initiated coverage of Marathon Oil with a rating of Overweight and set a new price target of $41.00
Morgan Stanley upgraded Marathon Oil from Equal-Weight to Overweight and set a new price target of $28.00 from $27.00 previously
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r
HOUSTON, Feb. 16, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported fourth quarter 2022 net income of $649 million, or $0.84 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. The adjusted net income was $592 million, or $0.77 per diluted share. Net operating cash flow was $1,146 million, or $1,101 million before changes in working capital. Marathon Oil reported full year 2021 net income of $946 million, or $1.20 per diluted share, whic
Helix Energy Solutions Group, Inc. ("Helix") (NYSE:HLX) announced today that its Board of Directors has appointed T. Mitch Little as a new director. Mr. Little, 58, served as Executive Vice President – Operations for Marathon Oil Corporation ("Marathon") (NYSE:MRO) from August 2016 until his retirement in December 2020, where he held full responsibility for all operations and development activities. Prior to such role Mr. Little served in a variety of roles of progressing leadership responsibility at Marathon, including Vice President – Conventional & Oil Sands Mining Assets, Vice President – International & Offshore Exploration & Production Operations, Managing Director – Norway, and Gene
HOUSTON, May 5, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported first quarter 2021 net income of $97 million, or $0.12 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. The adjusted net income was $166 million, or $0.21 per diluted share. Net operating cash flow was $622 million, or $637 million before changes in working capital. Highlights Strong financial and operational delivery with differentiated execution across all elements of
HOUSTON, Jan. 11, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that Brent Smolik has been elected to the Company's board of directors, effective January 11, 2021. "We are pleased to welcome Brent to Marathon's board of directors," said Chairman, President and CEO Lee Tillman. "The addition of Brent complements our board of directors' skills and experiences, and we believe he will provide a valuable perspective as we continue to execute our strategy of delivering competitive and improving corporate level returns, prioritizing sustainable cash flow generation, and returning capital to shareholders." Mr. Smolik, 59, has over 35 years of experience in the oil and n
HOUSTON, Jan. 8, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that Kimberly Warnica has been appointed senior vice president and general counsel, with an anticipated effective date of January 11, 2021. "We are pleased to welcome Kim back to Marathon Oil leading our legal function," said Chairman, President and CEO Lee Tillman. "Kim's experience in the energy industry and her extensive leadership experience will be a complement to our legal team and the Company. We look forward to her contributions." Prior to returning to Marathon Oil, Ms. Warnica was Executive Vice President, General Counsel, Chief Compliance Officer and Secretary at Alta Mesa Resources, Inc