• Oil & Gas Exploration & Production
  • Energy
Marathon Oil Corporation logo
Marathon Oil Corporation
MRO · US · NYSE
27.27
USD
+0.41
(1.50%)
Company Overview

P O BOX 3128,HOUSTON TX 77253-3128,7136296600

CEO

Mr. Lee M. Tillman

Employess

1681

Sector

Energy

Industry

Oil & Gas Exploration & Production

Website

https://www.marathonoil.com

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.

Next Earnings Date

Nov. 6, 2024

Ex Dividends date

Sep. 10, 2024

Dividend Date

Aug. 21, 2024

YTD Performance

11.67%

Fiscal Year End

12-31

IPO Date

1962-01-02

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue -7.84% 1.66% 27.42% -15.03%
EPS 0.28% 14.51% 50.35% -51.42%
Equity -5.31% -1.57% 1.99% -1.68%
Cash -5.19% -36.16% -40.67% -53.59%
Return On Capital (ROIC) -0.21% 0.38% 7.24% 10.99%
Debt
year (millions) 2023 2022 2021 2020 2019
Short Term Debt 2,050 402 36 70 101
Long Term Debt 3,380 5,520 3,980 5,400 5,500
LT Finance Leases 132 50 47 67 107
Shares Outstanding 607 685 787 792 810
Market Cap 14,700 18,500 12,900 5,280 11,000
Price
Business Segments (Beta)
Geographical Segments (Beta)
News
Marathon Oil (MRO) Q2 Earnings Lag Estimates
1 month

Marathon Oil (MRO) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.48 per share a year ago.

zacks.com
Marathon Oil misses profit estimates on weak natural gas prices
1 month

U.S. oil and gas firm Marathon Oil missed Wall Street estimates for second-quarter profit on Wednesday, hurt by a fall in natural gas prices.

reuters.com
Marathon Oil Reports Second Quarter 2024 Results
1 month

HOUSTON , Aug. 7, 2024 /PRNewswire/ -- - Marathon Oil Corporation (NYSE: MRO) reported second quarter 2024 net income of $349 million or $0.62 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $357 million or $0.63 per diluted share.

prnewswire.com
Investors Await Initial Jobless Claims Report
1 month

U.S. stock futures are trying to hold on to yesterday's rebound after three straight sessions of bloodbath. Currently, the S&P 500 is up +56 points, the Nasdaq is +233 points, and the Dow is +313 points.

zacks.com
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
1 month

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

zacks.com
3 Stocks to Watch From the Solid Integrated US Energy Industry
2 months

Integrated players' midstream operations remain robust due to steady fee-based revenues derived from pipeline assets, improving the prospects for the Zacks Oil & Gas US Integrated industry. ConocoPhillips (COP), Occidental (OXY) and Marathon Oil (MRO) are likely to gain.

zacks.com
Marathon Oil Corporation Declares Second Quarter 2024 Dividend
2 months

HOUSTON , July 31, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Sept.

prnewswire.com
Marathon Oil (MRO) Earnings Expected to Grow: Should You Buy?
2 months

Marathon Oil (MRO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com
Marathon Oil (MRO) Stock Declines While Market Improves: Some Information for Investors
2 months

Marathon Oil (MRO) closed at $27.45 in the latest trading session, marking a -1.51% move from the prior day.

zacks.com
GE Aerospace Investing $1 Billion to Expand and Upgrade MRO Facilities Worldwide
2 months

EVENDALE, Ohio--(BUSINESS WIRE)--GE Aerospace (NYSE:GE) announced plans to invest more than $1 billion over five years in its Maintenance, Repair and Overhaul (MRO) and component repair facilities worldwide. These investments will help GE Aerospace create capacity to meet growth in both the widebody and narrowbody installed base by adding additional engine test cells and equipment. The funding also will add cutting-edge technology, including enhanced inspection techniques, to reduce turnaround.

businesswire.com
Marathon Oil Schedules Second Quarter 2024 Earnings Release
2 months

HOUSTON , July 17, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its second quarter 2024 earnings release on Wednesday, Aug. 7, after the close of U.S. financial markets. Due to the pending merger with ConocoPhillips, Marathon Oil will not conduct a second quarter earnings conference call or webcast.

prnewswire.com
Marathon (MRO) to Pay $241M for Environmental Violations
2 months

Marathon (MRO) reaches a $241.5 million settlement with EPA and DOJ to address air quality violations in North Dakota, implementing stricter emission controls and reducing pollution.

zacks.com