Edition:
United States

Marathon Oil Corp (MRO.N)

MRO.N on New York Stock Exchange

19.46USD
12:05pm EDT
Change (% chg)

$0.46 (+2.42%)
Prev Close
$19.00
Open
$19.20
Day's High
$19.55
Day's Low
$19.17
Volume
810,590
Avg. Vol
2,638,576
52-wk High
$22.74
52-wk Low
$10.55

Latest Key Developments (Source: Significant Developments)

Marathon Oil Corp Qtrly Adjusted Earnings Per Share $0.07
Wednesday, 14 Feb 2018 06:08pm EST 

Feb 14 (Reuters) - Marathon Oil Corp ::QTRLY TOTAL COMPANY PRODUCTION EXCLUDING LIBYA AVERAGED 383,000 NET BOED, UP 4% SEQUENTIALLY ON A DIVESTITURE-ADJUSTED BASIS‍​.QTRLY ADJUSTED EARNINGS PER SHARE $0.07.QTRLY LOSS PER SHARE $0.03.QTRLY TOTAL REVENUES AND OTHER INCOME $1,382 MILLION VERSUS $1,124 MILLION.MARATHON OIL - FOR FY 2018, CO FORECASTS TOTAL PRODUCTION AVAILABLE FOR SALE, EXCLUDING LIBYA, TO AVERAGE 390,000 TO 410,000 NET BOED.MARATHON OIL - FOR FIRST QUARTER 2018, U.S. PRODUCTION IS EXPECTED TO AVERAGE 265,000 TO 275,000 NET BOED.MARATHON OIL - FOR FIRST QUARTER 2018, INTERNATIONAL PRODUCTION, EXCLUDING LIBYA, IS EXPECTED TO AVERAGE 105,000 TO 115,000 NET BOED.MARATHON OIL - $2.3 BILLION RETURNS-DRIVEN DEVELOPMENT CAPITAL BUDGET FOR 2018.Q1 EARNINGS PER SHARE VIEW $0.08, REVENUE VIEW $1.37 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Marathon Oil Announces Q4 Adjusted Earnings Per Share $0.07
Wednesday, 14 Feb 2018 04:30pm EST 

Feb 14 (Reuters) - Marathon Oil Corp ::MARATHON OIL ANNOUNCES 2018 DEVELOPMENT CAPITAL BUDGET; REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.07.Q4 LOSS PER SHARE $0.03 INCLUDING ITEMS.‍FOR Q1 2018, U.S. PRODUCTION IS EXPECTED TO AVERAGE 265,000 TO 275,000 NET BOED​.MARATHON OIL - SEES FY TOTAL PRODUCTION AVAILABLE FOR SALE, EXCLUDING LIBYA, TO AVERAGE 390,000 TO 410,000 NET BARRELS OF OIL EQUIVALENT PER DAY.‍FOR Q1 2018, INTERNATIONAL PRODUCTION, EXCLUDING LIBYA, IS EXPECTED TO AVERAGE 105,000 TO 115,000 NET BOED​.QTRLY ‍TOTAL COMPANY PRODUCTION EXCLUDING LIBYA AVERAGED 383,000 NET BOED, UP 4% SEQUENTIALLY ON A DIVESTITURE-ADJUSTED BASIS​.QTRLY TOTAL REVENUE AND OTHER INCOME $1,382‍​ MILLION VERSUS $1,124 MILLION LAST YEAR.QTRLY EAGLE FORD PRODUCTION AVERAGED 105,000 NET BOED; UP 4% SEQUENTIALLY WITH FEWER WELLS TO SALES.MARATHON OIL - QTRLY INTERNATIONAL E&P PRODUCTION AVAILABLE FOR SALE (EXCLUDING LIBYA) AVERAGED 121,000 NET BOED VERSUS 126,000 NET BOED IN THE PRIOR QUARTER.MARATHON OIL - NET PROVED RESERVES WERE ABOUT 1.45 BILLION BOE AT YEAR-END 2017, DOWN FROM YEAR-END 2016 PRIMARILY DUE TO SALE OF CANADIAN OIL SANDS BUSINESS.QTRLY TOTAL COMPANY NET PRODUCTION AVAILABLE FOR SALE FROM CONTINUING OPERATIONS 416 MBOED VERSUS 349 MBOED LAST YEAR.FOR Q1 2018, INTERNATIONAL PRODUCTION, EXCLUDING LIBYA, IS EXPECTED TO AVERAGE 105,000 TO 115,000 NET BOED.ANNOUNCED A $2.3 BILLION DEVELOPMENT CAPITAL BUDGET FOR 2018.  Full Article

Marathon Oil Receives Adverse Ruling On Some Brae Area Decommissioning Costs
Monday, 8 Jan 2018 04:49pm EST 

Jan 8 (Reuters) - Marathon Oil Corp ::MARATHON OIL - DURING Q4 , RECEIVED ADVERSE RULING FROM U.K. FIRST-TIER TAX TRIBUNAL REGARDING SOME BRAE AREA DECOMMISSIONING COSTS.MARATHON OIL SAYS SOME ACCOUNTING ADJUSTMENTS IN Q4 EXPECTED TO NEGATIVELY IMPACT CASH FLOW FROM OPERATIONS BY ABOUT $110 MILLION - SEC FILING.MARATHON OIL - EXPECT REVISIONS TO CURRENT, DEFERRED TAX LIABILITIES WILL HAVE NO MATERIAL ADVERSE EARNINGS IMPACT ON RESULTS.  Full Article

Marathon Oil Announces $1 Billion Gross Debt Reduction
Tuesday, 28 Nov 2017 04:49pm EST 

Nov 28 (Reuters) - Marathon Oil Corp ::MARATHON OIL ANNOUNCES $1 BILLION GROSS DEBT REDUCTION.MARATHON OIL - ENTERED INTO A TRANSACTION TO REDEEM AT PAR OUTSTANDING $1 BILLION OF 5.125 PERCENT MUNICIPAL REVENUE BONDS DUE IN 2037.MARATHON OIL CORP - ‍TRANSACTION WILL REDUCE GROSS DEBT BY $1 BILLION AND ANNUAL CASH INTEREST EXPENSE BY $51 MILLION​.MARATHON OIL - AGREED TO BUY $1 BILLION OF REVENUE REFUNDING BONDS SERIES 2017 HAVING TERM RATE OF 3.75 PERCENT THAT WILL MATURE ON JUNE 1, 2037.MARATHON OIL CORP - ‍PARISH WILL USE PROCEEDS TO REDEEM $1 BILLION OF 5.125 PERCENT FIXED RATE REVENUE BONDS SERIES 2007A​.MARATHON OIL CORP - TOTAL LIQUIDITY AS OF SEPT. 30 WAS $5.2 BILLION.MARATHON OIL - ‍ WITH PREVIOUS REFINANCING, GROSS DEBT REDUCED BY ABOUT $1.75 BILLION, ANNUAL CASH INTEREST EXPENSE REDUCED BY APPROXIMATELY $115 MILLION​.MARATHON OIL - RIGHT TO TENDER REFUNDING BONDS AT PAR AND REMARKET THEM TO INVESTORS AT ANY TIME UP TO 2037 MATURITY DATE & IN AMOUNT UP TO FULL $1 BILLION​.MARATHON OIL CORP - ‍REFUNDING TRANSACTION IS EXPECTED TO CLOSE ON DEC. 18, 2017, SUBJECT TO CUSTOMARY CLOSING CONDITIONS​.MARATHON OIL CORP - ‍APPROXIMATELY $750 MILLION IN REMAINING PROCEEDS FROM SALE OF COMPANY'S CANADIAN SUBSIDIARY IS SCHEDULED TO BE RECEIVED IN Q1 2018​.MARATHON OIL - TOTAL LIQUIDITY AS OF SEPT. 30 WAS $5.2 BILLION, CONSISTING OF $1.8 BILLION IN CASH & CASH EQUIVALENTS & UNDRAWN REVOLVING CREDIT FACILITY OF $3.4 BILLION​.  Full Article

Marathon Oil posts Q3 adjusted loss per share $0.08
Wednesday, 1 Nov 2017 04:30pm EDT 

Nov 1 (Reuters) - Marathon Oil Corp :Marathon Oil reports third quarter 2017 results.Q3 adjusted loss per share $0.08.Q3 loss per share $0.70 including items.Q3 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S.Marathon Oil Corp - ‍raised 2017 resource play exit rate guidance to 25 - 30 percent, up from 23 - 27 percent​.Qtrly ‍total company production excluding libya averaged 371,000 net BOED, up 6 pct sequentially​.Marathon oil corp - ‍anticipate full-year 2017 free cash flow neutrality, including dividends and working capital​.Marathon Oil Corp - ‍expects Q4 2017 U.S. E&P production available for sale to average 255,000 to 265,000 net BOED​.Marathon Oil - ‍Q4 2017 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 - ‍Q3 U.S. E&P​ unit production costs were $5.38 per barrel of oil equivalent (BOE), 8 percent lower than previous quarter.Marathon Oil Corp - qtrly total revenues and other income $‍1,252​ million.Marathon Oil Corp - ‍expects full-year total company production available for sale, excluding Libya, in a new range of 350,000 to 360,000 net BOED​.Q3 revenue view $1.05 billion -- Thomson Reuters I/B/E/S.Marathon Oil Corp - ‍expects its 2017 capital program, excluding lease and acquisition costs, to be approximately $2.1 billion​.Marathon Oil Corp - ‍now expect to end year toward high end of full-year production guidance​.  Full Article

Marathon Oil Corp declares third quarter 2017 dividend
Wednesday, 25 Oct 2017 04:30pm EDT 

Oct 25 (Reuters) - Marathon Oil Corp :Marathon Oil Corp declares third quarter 2017 dividend.Marathon Oil Corp - ‍board of directors has declared a dividend of 5 cents per share on Marathon Oil Corp common stock​.  Full Article

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 posts quarterly profit on higher production, oil prices

(Reuters) Aug 1 - U.S. oil producer Marathon Oil Corp on Wednesday reported a quarterly profit, compared with a year-ago loss, helped by higher production and rising crude prices.