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United States

Marathon Oil Corp (MRO)

MRO on New York Consolidated

13.82USD
20 Oct 2017
Change (% chg)

$0.09 (+0.62%)
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Latest Key Developments (Source: Significant Developments)

Marathon Oil ‍still expects 2017 capital program to be in a range of $2.1 to $2.2 billion
Tuesday, 3 Oct 2017 04:30pm EDT 

Oct 3 (Reuters) - Marathon Oil Corp :Marathon Oil provides post Harvey operational update.Marathon Oil Corp says ‍still expects its 2017 capital program to be in a range of $2.1 to $2.2 billion​.Marathon Oil - ‍expects Q3 2017 U.S. E&P production available for sale to average toward high end of its guidance of 230,000 to 240,000 net BOED.Marathon Oil Corp says ‍U.S. resource plays expected to exit year with both oil and BOE production 23 to 27 percent higher than Q4 2016​.Company expects Q3 Eagle Ford production to average approximately 100,000 net BOED, in-line with Q2 levels.  Full Article

Marathon Oil Q2 adjusted loss per share $0.17
Wednesday, 2 Aug 2017 04:30pm EDT 

Aug 2 (Reuters) - Marathon Oil Corp ::Marathon Oil reports second quarter 2017 results.Q2 adjusted loss per share $0.17.Q2 loss per share $0.16 including items.Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S.Says Marathon Oil expects Q3 2017 U.S. E&P production available for sale to average 230,000 to 240,000 net boed.Marathon Oil Corp qtrly ‍total company production from continuing operations increased 6% sequentially to 349,000 net boed, excluding 11,000 net boed from libya​.Marathon Oil - Q3 international E&P production available for sale, excluding Libya, is expected to be within a range of 115,000 to 125,000 net boed.Marathon Oil Corp qtrly ‍u.s. Resource play production grew 6% sequentially, averaging 202,000 net boed​.Says Marathon Oil expects its 2017 capital program to be in a range of $2.1 to $2.2 billion, down from $2.4 billion.Marathon Oil Corp - qtrly total revenue and other income $‍1,059 million versus $1,103​ million last year.Marathon Oil Corp - ‍ Q2 U.S. E&P unit production costs were $5.86 per barrel of oil equivalent ​.Marathon Oil-raised FY production available for sale forecast from combined U.S. and international E&P segments to a range of 345,000 to 360,000 net boed.Marathon Oil Corp - ‍ u.s. Resource plays are expected to exit year with both oil and boe production 23 to 27 percent higher than q4 2016​.  Full Article

Marathon Oil prices offering of $1 billion senior notes
Thursday, 13 Jul 2017 05:01pm EDT 

July 13 (Reuters) - Marathon Oil Corp :Marathon Oil Corporation announces pricing of offering of $1 billion of senior notes due 2027.Marathon Oil Corp says priced an offering of $1 billion of 4.400 percent senior notes that will mature on July 15, 2027.Marathon Oil Corp - ‍price to public for 2027 notes is 99.634 percent of principal amount​.Marathon Oil - ‍offering and redemption of senior notes will result in a reduction in total gross debt of approximately $750 million.Marathon Oil Corp - ‍company's next maturity will occur in 2020​.Marathon Oil Corp - ‍terminated a notional amount of $750 million in interest rate hedges related to offering for an estimated gain of $54 million​.Marathon Oil Corp - ‍expects to receive remaining proceeds of approximately $750 million from sale of its Canadian subsidiary in Q1 2018​.Marathon Oil - co recently extended maturity of undrawn revolving credit facility by one year to 2021, and upsized credit facility from $3.3 billion to $3.4 billion.  Full Article

Marathon Oil says entered into second amendment to amended and restated credit agreement
Friday, 23 Jun 2017 08:23am EDT 

June 23 (Reuters) - Marathon Oil Corp :Marathon oil corp - on june 22, entered into a second amendment to amended and restated credit agreement dated as of may 28, 2014 - sec filing.Marathon oil - amendment amends credit agreement to extend term of credit agreement from may 28, 2020 to may 28, 2021.  Full Article

Marathon Oil reports Q1 adjusted loss per share $0.07
Thursday, 4 May 2017 04:30pm EDT 

May 4 (Reuters) - Marathon Oil Corp :Marathon Oil reports first quarter 2017 results.Q1 adjusted loss per share $0.07.Q1 loss per share $0.06 from continuing operations.Q1 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S.Marathon Oil Corp - qtrly e&p production averaged 338,000 net boed, including 8,000 net boed from libya.Q1 loss per share $5.84 including items.Marathon Oil Corp - qtrly north america e&p production averaged 208,000 net boed, flat sequentially on a divestiture-adjusted basis.Marathon Oil Corp - increased production guidance ranges for 2017 e&p to 340,000 - 360,000 net boed.Marathon Oil Corp says qtrly total revenues and other income $1,072 million versus. $1,124 million.Marathon Oil Corp - unit production costs of $5.79 per barrel of oil equivalent for north america exploration and production in Q1.Marathon Oil Corp says Q2 international e&p production available for sale, excluding libya, is expected to be within a range of 120,000 to 130,000 net boed.Marathon Oil Corp - u.s. Resource plays are expected to return to sequential growth in q2 2017.Marathon Oil - total liquidity as of March 31 was $5.8 billion, which consists of $2.5 billion in cash and cash equivalents and an undrawn revolving credit facility of $3.3 billion.Marathon Oil Corp - expect to exit year with oil and boe production 20 to 25 percent higher than Q4 2016.Marathon Oil Corp says has now hedged an average 51,000 barrels a day (BPD) in 2017.  Full Article

Marathon Oil announces $700 mln Northern Delaware acquisition
Tuesday, 21 Mar 2017 06:30am EDT 

Marathon Oil Corp : Marathon Oil announces $700 million Northern Delaware acquisition . Marathon Oil Corp - Black Mountain acquisition is expected to close in Q2 2017 with an effective date of March 1, 2017 . Marathon Oil - signing of definitive agreement to acquire approximately 21,000 net surface acres largely in Permian's Northern Delaware basin of New Mexico .Marathon Oil Corp - "we expect to pursue additional trades and grassroots leasing".  Full Article

Marathon Oil Corp expects to recognize charges in range of about $4.8 bln-$5 bln in Q1
Thursday, 9 Mar 2017 06:56am EST 

Marathon Oil Corp - : MRO expects to recognize after-tax non-cash charges in range of approximately $4.8 billion to $5.0 billion in q1 of 2017 .Charges relate to impairment of long-lived assets associated with divested business.  Full Article

Shell divests oil sands for net consideration of $7.25 bln
Thursday, 9 Mar 2017 02:22am EST 

Shell : Royal dutch shell: divests oil sands for net consideration of $7.25 billion . Shell will remain as operator of AOSP's scotford upgrader and quest carbon capture and storage (ccs) project . Combination of these transactions will result in a net consideration of $7.25 billion to shell . to sell to canadian natural resources unit 60 percent interest in AOSP, 100 percent interest in peace river complex in-situ assets . will sell all of its in-situ, undeveloped oil sands interests in canada, reduce share in Athabasca Oil Sands Project from 60 percent to 10 percent . will sell to a subsidiary of Canadian Natural Resources Limited its entire 60 percent interest in AOSP . Will sell to unit of canadian natural resources its 100 percent interest in peace river complex in-situ assets, some undeveloped oil sands leases in alberta . consideration to Shell from canadian natural is approximately $8.5 billion (c$11.1 billion) .Co, Canadian Natural will jointly acquire, own equally Marathon Oil Canada corp from affiliate of Marathon Oil corporation for $1.25 billion each.  Full Article

Marathon Oil announces $2.5 Bln Canadian Oil Sands divestiture
Thursday, 9 Mar 2017 02:21am EST 

Marathon Oil Corp : Marathon Oil announces $2.5 billion Canadian Oil Sands divestiture and $1.1 billion Permian basin acquisition .proceeds from divestiture of Canadian Oil Sands business will be used partly to reduce gross debt.  Full Article

Marathon Oil appoints Dane Whitehead executive vice president and CFO
Thursday, 23 Feb 2017 04:30pm EST 

Marathon Oil Corp - : Marathon Oil appoints Dane Whitehead executive vice president and chief financial officer .Marathon Oil Corp - Whitehead most recently served as executive vice president and CFO of both Ep Energy Corp and Ep Energy Llc since May 2012.  Full Article

Factbox: U.S. Gulf Coast energy infrastructure shut due to Harvey

Gulf Coast refineries were slowly recovering from the devastating effects of Hurricane Harvey, which hammered Louisiana and Texas for several days, shutting key infrastructure in the heart of the U.S. oil and natural gas industry.