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Marathon Oil Corporation

MRO

Latest Trade

11.78USD

Change

-0.32(-2.64%)

Volume

9,683,094

Today's Range

11.62

 - 

11.98

52 Week Range

11.06

 - 

18.93

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Marathon Oil Reports Q3 Adjusted Earnings Per Share Of $0.14

Nov 6 (Reuters) - Marathon Oil Corp <MRO.N>::MARATHON OIL REPORTS THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.14.Q3 EARNINGS PER SHARE $0.21 INCLUDING ITEMS.Q3 EARNINGS PER SHARE ESTIMATE $0.06 -- REFINITIV IBES DATA.U.S. PRODUCTION AVERAGED 339,000 NET BARRELS OF OIL EQUIVALENT PER DAY (BOED) FOR Q3 2019, DOWN 23% FROM YEAR-AGO QUARTER.COMPANY OIL PRODUCTION AVERAGED 216,000 NET BOPD DURING Q3, UP 14% FROM YEAR-AGO QUARTER.EXPECT OUR 2020 PLANNING BASIS TO BE SET ON $50/BBL WTI WITH AN ENTERPRISE FREE CASH FLOW BREAK-EVEN BELOW THAT LEVEL.QTRLY U.S. UNIT PRODUCTION COSTS WERE $4.75 PER BARREL OF OIL EQUIVALENT (BOE), DOWN 23% FROM YEAR-AGO QUARTER.INTERNATIONAL PRODUCTION AVERAGED 87,000 NET BOED FOR THIRD QUARTER 2019.FULL YEAR 2019 REX CAPITAL SPENDING IS NOW EXPECTED TO BE APPROXIMATELY $280 MILLION.FOR Q4 2019, CO FORECASTS TOTAL U.S. OIL PRODUCTION OF 190,000 TO 200,000 NET BOPD.Q4 2019 INTERNATIONAL OIL PRODUCTION GUIDANCE IS 12,000 TO 16,000 NET BOPD.QUARTERLY TOTAL REVENUES AND OTHER INCOME $1,345 MILLION VERSUS $1,667 MILLION REPORTED LAST YEAR.FY 2019 DIVESTITURE-ADJUSTED OIL PRODUCTION GROWTH GUIDANCE IS EXPECTED TO BE 11% FOR TOTAL CO & 13% FOR U.S.

Marathon Oil Sets Quarterly Dividend Of $0.05 Per Share

Oct 30 (Reuters) - Marathon Oil Corp <MRO.N>::DECLARES THIRD QUARTER 2019 DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.05PER SHARE.

Marathon Oil Enters Into A Fourth Amendment To Credit Agreement

Sept 24 (Reuters) - Marathon Oil Corp <MRO.N>::MARATHON OIL CORP - ON SEPT 24, CO ENTERED INTO A FOURTH AMENDMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MAY 28, 2014.MARATHON OIL CORP - AMENDMENT AMENDS CREDIT AGREEMENT TO REDUCE SIZE OF FACILITY FROM $3.4 BILLION TO $3 BILLION, EXTENDS TERM AGREEMENT TO MAY 28, 2023.

Marathon Oil Announces Proposed $600 Mln Tax Exempt Bond Remarketing Transaction

Sept 4 (Reuters) - Marathon Oil Corp <MRO.N>::MARATHON OIL ANNOUNCES PROPOSED $600 MILLION TAX EXEMPT BOND REMARKETING TRANSACTION.MARATHON OIL CORP - LAUNCHED A CONVERSION AND REMARKETING OF $600 MILLION OF SUB-SERIES A BONDS.MARATHON OIL CORP - SUB-SERIES A BONDS ARE PART OF $1 BILLION ST. JOHN BAPTIST, STATE OF LOUISIANA REVENUE REFUNDING BONDS SERIES 2017.MARATHON OIL CORP - WILL CONTINUE TO OWN REMAINING $400 MILLION OF 2017 BONDS.MARATHON OIL CORP - HAS RIGHT TO CONVERT AND REMARKET THEM TO INVESTORS AT ANY TIME UP TO 2037 MATURITY DATE.MARATHON OIL CORP - WILL CONTINUE TO BE OBLIGATED TO SERVICE PRINCIPAL AND INTEREST PAYMENTS ASSOCIATED WITH $1 BILLION 2017 BONDS.MARATHON OIL CORP - PROCEEDS FROM CONVERSION AND REMARKETING WILL BE USED TO PAY PURCHASE PRICE OF CONVERTED 2017 BONDS OWNED BY COMPANY.MARATHON OIL CORP - COMPANY DOES NOT INTEND FOR THIS CONVERSION AND REMARKETING TO RESULT IN A LONG-TERM INCREASE IN COMPANY'S INDEBTEDNESS.MARATHON OIL CORP - ANTICIPATES THAT CLOSING OF REMARKETING OF SUB-SERIES 2017A BONDS WILL TAKE PLACE ON OR ABOUT OCTOBER 1, 2019.

Marathon Oil Q2 Adjusted Earnings Per Share $0.23

Aug 7 (Reuters) - Marathon Oil Corp <MRO.N>::MARATHON OIL REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.23.Q2 EARNINGS PER SHARE $0.20 INCLUDING ITEMS.SHARE BUYBACK AUTHORIZATION RAISED TO $1.5 BILLION.U.S. OIL PRODUCTION AVERAGED 192,000 NET BOPD DURING Q2, UP 17% FROM YEAR-AGO QUARTER.TOTAL COMPANY OIL PRODUCTION AVERAGED 218,000 NET BOPD DURING Q2, UP 14% FROM YEAR-AGO QUARTER, DIVESTITURE-ADJUSTED.FOR Q3 2019, COMPANY FORECASTS TOTAL U.S. OIL PRODUCTION OF 190,000 TO 200,000 NET BOPD.Q3 2019 INTERNATIONAL OIL PRODUCTION GUIDANCE IS 12,000 TO 16,000 NET BOPD, REFLECTING BOTH U.K. AND KURDISTAN ASSET DIVESTITURES.MARATHON OIL - ADJUSTED FY 2019 PRODUCTION GUIDANCE NOW EXCLUDES DIVESTED U.K. AND KURDISTAN VOLUMES FOR H2 OF 2019, BUT OTHERWISE REMAINS UNCHANGED.QTRLY TOTAL REVENUES AND OTHER INCOME $1.43 BILLION VERSUS $1.42 BILLION.Q2 EARNINGS PER SHARE VIEW $0.13, REVENUE VIEW $1.38 BILLION -- REFINITIV IBES DATA.

Marathon Oil Sets Quarterly Dividend Of $0.05Per Share

July 31 (Reuters) - Marathon Oil Corp <MRO.N>::SETS QUARTERLY DIVIDEND OF $0.05PER SHARE.

Bison, Marathon Enter Into 15-Year Water Infrastructure Agreement

July 12 (Reuters) - Marathon Oil Corp <MRO.N>::BISON AND MARATHON ENTER INTO 15-YEAR WATER INFRASTRUCTURE AGREEMENT.BISON - BISON WILL EXCLUSIVELY MANAGE ALL OF MARATHON'S PRODUCED WATER INFRASTRUCTURE OPERATED BY MARATHON.

Marathon Oil Closes On Sale Of U.K. Business

July 1 (Reuters) - Marathon Oil Corp <MRO.N>::MARATHON OIL CLOSES ON SALE OF U.K. BUSINESS.MARATHON OIL CORP - CLOSED ON SALE OF ITS U.K. BUSINESS, WHICH CONSISTS OF BRAE AREA FIELDS AND FOINAVEN, TO ROCKROSE ENERGY.MARATHON OIL CORP - FINAL TERMS OF TRANSACTION RESULTED IN CONSIDERATION PAYABLE TO A SUBSIDIARY OF MARATHON OIL OF APPROXIMATELY $95 MILLION.

Marathon Oil Closes Kurdistan Divestiture

Marathon Oil Corp <MRO.N>::MARATHON OIL CLOSES KURDISTAN DIVESTITURE.MARATHON OIL CORP - CLOSED ON SALE OF ITS 15% PARTICIPATING INTEREST IN ATRUSH BLOCK IN KURDISTAN.

Marathon Oil Reports Q1 Adjusted Earnings Per Share $0.31

May 1 (Reuters) - Marathon Oil Corp <MRO.N>::MARATHON OIL REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.31.Q1 EARNINGS PER SHARE $0.21 INCLUDING ITEMS.QTRLY TOTAL COMPANY OIL PRODUCTION AVERAGED 203,000 NET BOPD, UP 6%.QTRLY U.S. OIL PRODUCTION AVERAGED 177,000 NET BOPD, UP 11%.INTERNATIONAL PRODUCTION AVERAGED 92,000 NET BOED FOR Q1 2019.FOR Q2 2019, COMPANY FORECASTS TOTAL OIL PRODUCTION OF 200,000 TO 220,000 NET BOPD.QTRLY TOTAL REVENUES AND OTHER INCOME $1,197 MILLION VERSUS $1,733 MILLION.Q1 EARNINGS PER SHARE VIEW $0.07, REVENUE VIEW $1.26 BILLION -- REFINITIV IBES DATA.FOR Q2 2019, COMPANY FORECASTS U.S. OIL PRODUCTION OF 180,000 TO 190,000 NET BOPD.Q2 2019 INTERNATIONAL OIL PRODUCTION GUIDANCE OF 20,000 TO 30,000 NET BOPD.PREVIOUSLY PROVIDED FULL-YEAR 2019 PRODUCTION GUIDANCE REMAINS UNCHANGED.AS WE LOOK FORWARD TO Q2, STRONG APRIL PERFORMANCE UNDERPINS OUR CONFIDENCE IN EXPECTED 5% SEQUENTIAL U.S. OIL GROWTH.EXPECT RETURNS AND FREE CASH FLOW GENERATION TO INFLECT HIGHER WHILE OUR CAPITAL SPENDING PLANS REMAIN UNCHANGED.QTRLY TOTAL COMPANY NET SALES VOLUMES FROM CONTINUING OPERATIONS 385 MBOED VERSUS 431 MBOED REPORTED LAST YEAR.QTRLY TOTAL REVENUES AND OTHER INCOME $1,197 MILLION VERSUS $1,733 MILLION.INTERNATIONAL PRODUCTION AVERAGED 92,000 NET BOED FOR Q1 2019.INTERNATIONAL PRODUCTION AVERAGED 92,000 NET BOED FOR Q1 2019.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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