United States

Marathon Oil Corp (MRO)

MRO on New York Consolidated

21 Jun 2017
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Latest Key Developments (Source: Significant Developments)

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

Marathon Oil Corp sets quarterly dividend of $0.05 per share
Wednesday, 25 Jan 2017 04:44pm EST 

Marathon Oil Corp - : Marathon Oil Corporation declares fourth quarter 2016 dividend .Sets quarterly dividend of $0.05 per share.  Full Article

Marathon Oil Corp declares Q3 2016 dividend
Wednesday, 26 Oct 2016 05:15pm EDT 

Marathon Oil Corp : Marathon Oil Corporation declares third quarter 2016 dividend .Board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock.  Full Article

Marathon Oil sells non-operated conventional assets for $235 mln
Monday, 3 Oct 2016 06:30am EDT 

Marathon Oil Corp : Properties averaged approximately 4,000 barrels of oil equivalent per day in first half of 2016 . Sells non-operated conventional assets for $235 million .Signed agreement for sale of certain non-operated CO2 and waterflood assets in West Texas and New Mexico for $235 million.  Full Article

Marathon Oil sees $1.4 bln capital spend for resource plays in 2017
Thursday, 4 Aug 2016 10:05am EDT 

Marathon Oil Corp : Sees 2017 capital program for resource plays of $1.4 billion - Conf call . "In 2017 we can get our business back to sequential growth and live within our means with WTI in the low to mid-$50"- CEO . Expects rig count in STACK play to double from "where we are today to when we would exit in 2017" . Says Oklahoma STACK will be first priority for rig additions . Expects to continue to minimize capital allocation to conventional assets in 2017 Further company coverage: [MRO.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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Investors expect to meet with Exxon on climate-impact report

(This June 2 story corrects paragraph 8 to show the shareholder vote on the study proposal was at Marathon Petroleum, not Marathon Oil)