Marathon Oil Corporation (MRO)
| Market Cap | 15.72B |
| Revenue (ttm) | 6.57B |
| Net Income (ttm) | 1.43B |
| Shares Out | 564.04M |
| EPS (ttm) | 2.42 |
| PE Ratio | 11.52 |
| Forward PE | 9.30 |
| Dividend | $0.44 (1.58%) |
| Ex-Dividend Date | May 14, 2024 |
| Volume | 4,426,377 |
| Open | 27.84 |
| Previous Close | 27.89 |
| Day's Range | 27.63 - 28.04 |
| 52-Week Range | 21.81 - 30.06 |
| Beta | 2.19 |
| Analysts | Buy |
| Price Target | 32.26 (+15.75%) |
| Earnings Date | Aug 7, 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 $6.45 billion, a decrease of -14.81% compared to the previous year's $7.58 billion. Earnings were $1.55 billion, a decrease of -56.98%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for MRO stock is "Buy." The 12-month stock price forecast is $32.26, which is an increase of 15.75% from the latest price.
News
What A Kamala Harris Presidency Could Mean For Oil Stocks: Chevron, Marathon Move Lower
Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the rac...
Marathon Oil Schedules Second Quarter 2024 Earnings Release
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. fi...
ConocoPhillips-Marathon Oil Merger Draws Fresh Government Scrutiny
ConocoPhillips' (COP) planned $22.5 billion acquisition of Marathon Oil (MRO) has again drawn questions from the Federal Trade Commission (FTC).
ConocoPhillips, Marathon Oil get second US FTC request over $22.5 bln deal
Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil.
Marathon Oil reaches $241 million settlement with EPA for environmental violations
The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company's oil and gas operations on the Fort Berthold Indian Reserv...
US announces record oil and gas pollution penalty against Marathon Oil
U.S. officials on Thursday announced a $241 million settlement with Marathon Oil (MRO.N), opens new tab over alleged air pollution violations at dozens of the company's oil and gas facilities on a Nor...
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Marathon Oil Corp. – MRO
NEW YORK, July 03, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Secur...
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Marathon Oil Corp. - MRO
NEW YORK, July 2, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securitie...
While The Tech Sector Corrects, Energy Quietly Rises: 5 Stocks For Your Watch List
Over the past five days, the S&P 500 index dipped by 0.17%. The technology sector, represented by the SPDR Select Sector Fund – Technology XLK, declined by 2.23%.
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