Marathon Oil Corporation (MRO)

NYSE: MRO · IEX Real-Time Price · USD
27.53
-0.29 (-1.04%)
At close: Apr 24, 2024, 4:00 PM
27.50
-0.03 (-0.11%)
After-hours: Apr 24, 2024, 7:59 PM EDT
-1.04%
Market Cap 15.89B
Revenue (ttm) 6.70B
Net Income (ttm) 1.55B
Shares Out 577.20M
EPS (ttm) 2.56
PE Ratio 10.75
Forward PE 10.36
Dividend $0.44 (1.60%)
Ex-Dividend Date Feb 20, 2024
Volume 5,976,544
Open 27.65
Previous Close 27.82
Day's Range 27.40 - 27.74
52-Week Range 21.63 - 30.06
Beta 2.24
Analysts Buy
Price Target 32.68 (+18.71%)
Earnings Date May 1, 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]

Sector Energy
Founded 1887
Employees 1,681
Stock Exchange NYSE
Ticker Symbol MRO
Full Company Profile

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 Statements

Analyst Forecast

According to 17 analysts, the average rating for MRO stock is "Buy." The 12-month stock price forecast is $32.68, which is an increase of 18.71% from the latest price.

Price Target
$32.68
(18.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Marathon Oil Corporation Declares First Quarter 2024 Dividend

HOUSTON , April 24, 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 Corpor...

8 hours ago - PRNewsWire

Marathon Oil Schedules First Quarter 2024 Earnings Release and Conference Call

HOUSTON , April 2, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its first quarter 2024 earnings release on Wednesday, May 1, after the close of U.S. fina...

22 days ago - PRNewsWire

Marathon Oil Corporation Announces Pricing of Offering of $600 Million of Senior Notes Due 2029 and $600 Million of Senior Notes Due 2034

HOUSTON , March 26, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) (the "Company") announced today that it has priced an offering of senior notes in an aggregate amount of $1.2 billion, con...

4 weeks ago - PRNewsWire

Marathon Oil Corporation Announces Key Officer Promotions

HOUSTON , Feb. 29, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that Rob L. White has been promoted to Executive Vice President and Chief Financial Officer, effective May ...

7 weeks ago - PRNewsWire

Marathon Oil Announces 2024 Capital Budget and Reports Fourth Quarter and Full-Year 2023 Results

Delivered $1.7 Billion of Shareholder Returns and $500 Million of Gross Debt Reduction HOUSTON , Feb. 21, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) reported full-year 2023 net income o...

2 months ago - PRNewsWire

Short sellers boosted by ‘Hedge Fund Nirvana' that sees most heavily-shorted companies suffer

Hedge funds with long/short strategies have benefited in 2024 from a macroeconomic environment that has hit the most heavily shorted stocks particularly hard compared to their less shorted rivals, a n...

Other symbols: AMZNAXPBBWIBBYBXCRMGE
2 months ago - Market Watch

Bullish On GLW, MRO, RUN

Corning (GLW), Marathon Oil (MRO), and Sunrun (RUN) are today's big three stocks. Alan Knuckman and Rick Ducat discuss the technical trends, as well as how to trade these names.

Other symbols: GLWRUN
2 months ago - Schwab Network

Marathon Oil Corporation Declares Fourth Quarter 2023 Dividend

HOUSTON , Jan. 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 Corpora...

3 months ago - PRNewsWire

Marathon Oil Positions Itself as a Prominent, Well Balanced Energy Player

Marathon Oil Corp. (MRO, Financial) is a prominent player in the exploration and production energy sector that has a distinct focus on maintaining a strong and diversified balance sheet, reducing debt...

3 months ago - GuruFocus

Marathon Oil Schedules Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call

HOUSTON , Jan. 16, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its fourth quarter and full-year 2023 earnings release on Wednesday, February 21, after t...

3 months ago - PRNewsWire

Midday Movers: Apple Extends Losses, Marathon and Other Energy Firms Climb on Oil's Rise

U.S. equities lost ground at midday on Wednesday, with tech stocks leading the declines. The Dow, S&P 500, and Nasdaq were all lower.

Other symbols: AAPL
4 months ago - Investopedia

Oil and gas stocks sees broad weakness as crude prices fall again

Shares of oil and gas companies were broadly, but lightly, lower in premarket trading Thursday, as crude oil prices fell for a second straight session amid easing Red Sea tensions. The Energy Select S...

Other symbols: CVXKMIOXYXLEXOM
4 months ago - Market Watch

Best Oil Stocks to Buy for 2024 and Beyond

Higher prices for crude, lower interest rates and industry consolidation bodes well for Wall Street's top oil stocks.

Other symbols: COPCVXFANGHALOVVPRPTEN
4 months ago - Kiplinger

Marathon Oil Reports Third Quarter 2023 Results

Returned Over $475 Million to Shareholders Raised Quarterly Base Dividend and Increased Share Repurchase Authorization HOUSTON , Nov. 1, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) repor...

6 months ago - PRNewsWire

Marathon Oil Corporation Declares Third-Quarter 2023 Dividend

HOUSTON , Oct. 25, 2023 /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 Corpora...

6 months ago - PRNewsWire

Marathon Oil Announces LNG Sales Agreement for Alba Gas in E.G.

Incremental European LNG Exposure to Drive Significant E.G. Financial Uplift Starting Jan 2024 HOUSTON , Oct. 16, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced that through its w...

6 months ago - PRNewsWire

Marathon Oil Schedules Third Quarter 2023 Earnings Release and Conference Call

HOUSTON , Oct. 4, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its third quarter 2023 earnings release on Wednesday, November 1, after the close of U.S. ...

7 months ago - PRNewsWire

Marathon Oil Reports Second Quarter 2023 Results

Over $830 Million of Shareholder Distributions in First Half 2023 HOUSTON , Aug. 2, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) reported second quarter 2023 net income of $287 million or...

9 months ago - PRNewsWire

Marathon Oil Corporation Declares Second-Quarter 2023 Dividend

HOUSTON , July 26, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corpora...

9 months ago - PRNewsWire

Marathon Oil Schedules Second Quarter 2023 Earnings Release and Conference Call

HOUSTON , July 10, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its second quarter 2023 earnings release on Wednesday, Aug. 2, after the close of U.S. fi...

10 months ago - PRNewsWire

Why Wall Street is bullish on beaten-down energy stocks

Some investors are turning bullish on energy stocks, despite their disappointing performance this year and some major challenges facing Big Oil.

Other symbols: CVXHALPXD
10 months ago - CNN Business

S&P 500 and Nasdaq Snap 3-Day Losing Streak as Tech Stocks Advance

S&P 500, Nasdaq snap 3-day losing streak on Thursday, June 22, 2023, as tech stocks advance.

Other symbols: AAPLAMZNBANRG
10 months ago - Investopedia

Markets Mixed Midday With Tech Stocks Lifting the Nasdaq

U.S. equities were mixed at midday on June 22, 2023, with tech stocks helping to boost the Nasdaq.

Other symbols: AMZNBAEXPENRG
10 months ago - Investopedia

US Equities Mixed at Midday as Energy Stocks Gain

U.S. equities were mixed at midday on Wednesday, June 7, 2023, as tech and communication stocks weighed on the major indexes.

11 months ago - Investopedia

Marathon Oil Reports First Quarter 2023 Results

Returned $400 Million to Shareholders and Completed Ensign Integration HOUSTON,, May 3, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) reported first quarter 2023 net income of $417 million...

1 year ago - PRNewsWire