Marathon Oil Corporation (MRO)
| Market Cap | 15.39B |
| Revenue (ttm) | 6.57B |
| Net Income (ttm) | 1.43B |
| Shares Out | 564.04M |
| EPS (ttm) | 2.42 |
| PE Ratio | 11.46 |
| Forward PE | 9.26 |
| Dividend | $0.44 (1.61%) |
| Ex-Dividend Date | May 14, 2024 |
| Volume | 3,381,650 |
| Open | 27.41 |
| Previous Close | 27.32 |
| Day's Range | 27.25 - 27.77 |
| 52-Week Range | 21.81 - 30.06 |
| Beta | 2.18 |
| Analysts | Buy |
| Price Target | 32.84 (+20.38%) |
| Earnings Date | Jul 31, 2024 |
About MRO
Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol. In addition, it owns and operates Sugarloaf gathering system, a natural gas pipeline. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in Decem... [Read more]
Financial Performance
In 2023, Marathon Oil's revenue was $6.70 billion, a decrease of -16.66% compared to the previous year's $8.04 billion. Earnings were $1.55 billion, a decrease of -56.98%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for MRO stock is "Buy." The 12-month stock price forecast is $32.84, which is an increase of 20.38% from the latest price.
News
MARATHON OIL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Marathon Oil Corporation - MRO
NEW ORLEANS, LA / ACCESSWIRE / May 30, 2024 / Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
Marathon Oil deal 'makes a lot of strategic sense' for ConocoPhillips: Bison Interests' Josh Young
Josh Young, Bison Interests CIO, joins 'Squawk Box' to discuss ConocoPhillips' deal to buy Marathon Oil, why there's been a surge in M&A activity in the sector, and more.
ConocoPhillips Bolsters U.S. Shale Assets With $22.5 Billion Acquisition Of Marathon Oil
ConocoPhillips ConocoPhillips announced plans to acquire Marathon Oil Marathon Oil Corporation through an all-stock transaction valued at $22.5 billion, including $5.4 billion in net debt. Marathon Oi...
ConocoPhillips to buy Marathon Oil in $22.5 billion deal—another energy megamerger
ConocoPhillips on Wednesday agreed to buy Marathon Oil in a $22.5 billion deal, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves.
COP Acquiring MRO & Anglo American Rejects BHP Deal Deadline Extension Request
ConocoPhillips (COP) is acquiring Marathon Oil (MRO) in a $17.5B all-stock deal. Kevin Green discusses this as well as how Anglo American rejects BPH Group's (BHP) request to extend deal talk deadline...
ConocoPhillips to Acquire Marathon Oil in $17.1 Billion All-Stock Deal
The deal allows ConocoPhillips to expand its presence in several key U.S. shale basins including in Texas and North Dakota.
ConocoPhillips, Marathon Oil Merger Creates Another Shale Giant
Some of us are old enough to remember when Conoco, Phillips Petroleum, and Marathon were three separate companies, all of which were fully integrated majors. Conoco and Phillips, both originally based...
ConocoPhillips To Buy Marathon Oil: What To Know
If ConocoPhillips' bid for Marathon Oil goes through, it will bring together two of the world's largest exploration and production companies.
Oil deals: Shareholders approve Hess sale, Conoco acquires Marathon
Hess (HES) shareholders have officially voted in favor of selling the company to Chevron (CVX) in a deal valued at $53 billion. However, the path to finalizing this transaction still presents several ...
Marathon bondholders signaled deal ahead of ConocoPhillips merger announcement
Marathon Oil bonds were rallying Wednesday on the heels of the announcement of the company's $17.5 billion acquisition by ConocoPhillips, but investors had already been moving money into the energy co...
ConocoPhillips to Buy Marathon Oil for $17 Billion
ConocoPhillips agreed to acquire Marathon Oil Corp. in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the US oil and gas indust...
Shareholder Alert: Ademi LLP investigates whether Marathon Oil Corporation has obtained a Fair Price for its Public Shareholders
MILWAUKEE , May 29, 2024 /PRNewswire/ -- Ademi LLP is investigating Marathon Oil (NYSE: MRO) for possible breaches of fiduciary duty and other violations of law in its transaction with ConocoPhillips....
Marathon Oil Stock Jumps on $22.5B Acquisition by ConocoPhillips
Marathon Oil (MRO) stock jumped at the opening bell Wednesday after ConocoPhillips (COP) announced that it will acquire its fellow Houston-based energy firm in an all-stock deal valued at $22.5 billio...
ConocoPhillips to buy Marathon Oil in $22.5 billion deal
ConocoPhillips will buy Marathon Oil for $22.5 billion, marking the latest merger in the oil and gas industry. Transcript: CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange...
Another Oil Megadeal: ConocoPhillips Agrees On Buying Marathon In $23 Billion Deal
ConocoPhillips plans to buy fellow American energy giant Marathon Oil in an all-stock deal worth a total of $22.5 billion, the companies announced Wednesday, marking the latest in a string of multibil...
Oil giant ConocoPhillips to buy Marathon Oil in $17.1bn deal
Takeover is latest by a US conglomerate gambling on fossil fuel production as profits surge on rising energy prices
ConocoPhillips to buy Marathon Oil in $22.5B deal
Under the agreement, ConocoPhillips will receive additional acreage to its existing U.S. onshore portfolio, adding over 2 billion barrels of resource.
ConocoPhillips to buy Marathon Oil at about a 15% premium
Marathon Oil Corp (NYSE: MRO) is up more than 10% in premarket on Wednesday after ConocoPhillips (NYSE: COP) said it will buy the hydrocarbon exploration firm for about $17.1 billion. Marathon Oil sto...
MRO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Marathon Oil Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Marathon Oil Corporation (NYSE: MRO) to ConocoPhillips for 0.2550 shares of ConocoPhillip...
Why ConocoPhillips' Possible $15 Billion Bid For Marathon Oil Is A Defensive Move
The energy sector is taking in the news of yet another potential oil and gas merger and acquisition (M&A) play, as reports suggest ConocoPhillips ConocoPhillips may be lining up all-stock bid for Mara...
ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets
ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets
ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update
HOUSTON--(BUSINESS WIRE)--ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update.
Marathon Oil Stock Climbs on Report It Could Be Bought by ConocoPhillips
ConocoPhillips is in advanced talks to buy Marathon Oil, the Financial Times reports.
ConocoPhillips in advanced talks to buy Marathon Oil, FT reports
ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its $15 billion market value, the Financial Times reported on W...
Marathon Oil narrowly beats first quarter profit estimates on higher prices
Oil and gas firm Marathon Oil narrowly beat first-quarter profit estimates on Wednesday, helped by higher oil and liquefied natural gas (LNG) pricing.