United States

Marathon Oil Corp (MRO)

MRO on New York Consolidated

19 Jan 2017
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$0.03 (+0.17%)
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Latest Key Developments (Source: Significant Developments)

Marathon Oil Corp - U.S. judge approves settlement in Canadian oil-by-rail disaster - Reuters
Thursday, 8 Oct 2015 08:00pm EDT 

Marathon Oil Corp:A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster - Reuters.The approval came after Canadian Pacific Railway Ltd withdrew its objections to the plan, said trustee Bob Keach - Reuters.He is aiming to have the settlement funds, some C$445 million ($345 million), paid out by the end of this year - Reuters.Forty-seven people were killed on July 6, 2013, when a Montreal, Maine & Atlantic railway train carrying Bakken oil derailed and exploded in the heart of the Quebec town of Lac-Megantic - Reuters.Parties previously named in a class action lawsuit, including closely held Irving Oil, General Electric, Shell Oil Co, ConocoPhillips, Marathon Oil and others, agreed to contribute to the compensation fund for victims of the explosion - Reuters.CP Rail, which transported the oil tank cars involved in the accident to Montreal before handing them over to Montreal, Maine & Atlantic, has not contributed to the settlement. The railway has long argued that it is not responsible for what happened after it handed over the cars - Reuters.Keach said the compromise clarified that if there is a judgment against CP in the future, any financial penalty would be reduced based on what ha already been paid under the settlement agreement - Reuters.  Full Article

Marathon Oil Corp updates FY 2015 production guidance
Wednesday, 5 Aug 2015 05:03pm EDT 

Marathon Oil Corp:Raises the lower end of FY 2015 E&P production guidance range, resulting in a new range of 375,000 to 390,000 net boed.  Full Article

Marathon Oil Corporation declares second quarter 2015 dividend
Wednesday, 29 Jul 2015 05:01pm EDT 

Marathon Oil Corporation:Declared a quarterly dividend of 21 cents per share on the Company's common stock.The dividend is payable on Sept. 10, 2015, to stockholders of record on Aug. 19, 2015.  Full Article

Marathon Oil Corp updates on long term production guidance - Conference Call
Thursday, 7 May 2015 09:00am EDT 

Marathon Oil Corp:Reiterate guidance of 5 pct to 7 pct year-over-year production growth for total company.  Full Article

Marathon Oil Corp declares Q1 dividend
Wednesday, 29 Apr 2015 05:05pm EDT 

Marathon Oil Corp:Declares dividend of 21 cents per share on common stock.Payable on June 10 to stockholders of record date as on May 20.  Full Article

Marathon Oil Corp gives FY 2015 production guidance
Wednesday, 18 Feb 2015 05:03pm EST 

Marathon Oil Corp:Expects FY 2015 production guidance to be 370,000 to 390,000 net boed.  Full Article


US Steel clarifies CEO's comments on recalling jobs

United States Steel Corp said on Thursday that Chief Executive Mario Longhi was referring to the whole U.S. steel industry, not US Steel, when he spoke on Wednesday about potentially restoring up to 10,000 jobs in the United States.