Marathon Oil Corporation (MRO)

NYSE: MRO · IEX Real-Time Price · USD
+0.36 (1.50%)
Mar 31, 2023, 12:52 PM EDT - Market open
Market Cap 15.15B
Revenue (ttm) 8.04B
Net Income (ttm) 3.61B
Shares Out 629.65M
EPS (ttm) 5.26
PE Ratio 4.51
Forward PE 5.92
Dividend $0.35 (1.45%)
Ex-Dividend Date Feb 14, 2023
Volume 4,603,443
Open 23.80
Previous Close 23.71
Day's Range 23.80 - 24.26
52-Week Range 19.42 - 33.42
Beta 2.38
Analysts Buy
Price Target 34.11 (+41.74%)
Earnings Date May 2, 2023

About MRO

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 C... [Read more]

Industry Oil & Gas E&P
Sector Energy
Founded 1887
Employees 1,531
Stock Exchange NYSE
Ticker Symbol MRO
Full Company Profile

Financial Performance

In 2022, Marathon Oil's revenue was $8.04 billion, an increase of 46.99% compared to the previous year's $5.47 billion. Earnings were $3.61 billion, an increase of 281.82%.

Financial Statements

Analyst Forecast

According to 31 analysts, the average rating for MRO stock is "Buy." The 12-month stock price forecast is $34.11, which is an increase of 41.74% from the latest price.

Price Target
(41.74% upside)
Analyst Consensus: Buy
Stock Forecasts


Marathon Oil Announces Agreement to Further Develop Equatorial Guinea Gas Mega Hub

HOUSTON , March 30, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO), through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of Agreement (HOA) with the...

20 hours ago - PRNewsWire

Marathon Oil Schedules First Quarter 2023 Earnings Release and Conference Call

HOUSTON , March 29, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its first quarter 2023 earnings release on Wednesday, May 3, after the close of U.S. fin...

1 day ago - PRNewsWire

Here's why there is a buying opportunity in energy stocks, according to RBC Capital's Scott Hanold

Scott Hanold, managing director at RBC Capital Market, joins ‘Closing Bell: Overtime' to discuss whether there is a buying opportunity in energy stocks despite trading lower by over 9% this year.

3 days ago - CNBC Television

3 Dividend-Paying Growth Stocks to Buy and Hold for the Long Term

Dividend-paying growth stocks did not get much attention in the last few months. You can blame the general macroeconomic environment for this.

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2 weeks ago - InvestorPlace

CERAWEEK-Collapse in US natgas prices dents market for shale deals

This year's freefall in U.S. natural gas prices has upended the acquisitions market for gas producers and spooked investors that lined up to buy when prices were much, much higher.

Other symbols: CHKEQTSWN
3 weeks ago - Reuters

Marathon (MRO) Stock Down Since Q4 Earnings: Here's Why

Marathon Oil (MRO) spent $344 million in capital and exploratory expenditures during the quarter and raked in $763 million in adjusted free cash flow.

1 month ago - Zacks Investment Research

Marathon Oil (MRO) Surpasses Q4 Earnings and Revenue Estimates

Marathon Oil (MRO) delivered earnings and revenue surprises of 10% and 1.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Marathon Oil Announces 2023 Capital Budget and Reports Fourth Quarter and Full Year 2022 Results

Returned $3 Billion of Capital to Shareholders in 2022 HOUSTON , Feb. 15, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) reported full year 2022 net income of $3,612 million, or $5.26 per d...

1 month ago - PRNewsWire

Why Marathon Oil (MRO) is Poised to Beat Earnings Estimates Again

Marathon Oil (MRO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 month ago - Zacks Investment Research

Marathon (MRO) to Report Q4 Earnings: What's in Store?

While strong commodity prices are likely to have boosted Marathon Oil's (MRO) fourth-quarter results, escalation in costs might have played spoilsport.

1 month ago - Zacks Investment Research

3 Top Energy Stocks With Impressive Upside Potential in 2023

Investors assessing how various sectors will perform in 2023 certainly have their hands full. There are plenty of uncertainties to consider, from central bank-related macro concerns to geopolitical is...

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1 month ago - InvestorPlace

3 Under-the-Radar Sectors That Can Make You Tons of Money

To bears obsessed with “trees-in-the-forest” details like the yield-curve inversion, whether the Fed's benchmark rate will end up at 4.9% or 5.4%, and the S&P  500's price-earnings ratio, this seems l...

1 month ago - InvestorPlace

The 9 Best Dividend Growth Stocks to Buy

Adding dividend growth stocks to your portfolio can provide both income and capital appreciation over the long haul. That makes these picks worth a closer look.

1 month ago - Kiplinger

Marathon Oil (MRO) Reports Next Week: Wall Street Expects Earnings Growth

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.

1 month ago - Zacks Investment Research

Chevron, Comcast, and 10 More Companies That Raised Their Dividends

It was a busy week for dividend announcements, with the fourth-quarter earnings season in full swing.

2 months ago - Barrons

Marathon Oil Corporation Declares Fourth Quarter 2022 Dividend

HOUSTON , Jan. 25, 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...

2 months ago - PRNewsWire

U.S. oil & gas M&A hit 17-year low; big firms dominate deals-report

U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as ...

Other symbols: FANG
2 months ago - Reuters

3 High-Growth Stocks With Multibagger Potential

Investors are clearly concerned about the current macroeconomic and geopolitical backdrop. Recent inflation-driven events have led us to a precarious place in the markets.

Other symbols: OXYTH
2 months ago - InvestorPlace

Marathon Oil Schedules Fourth Quarter and Full-Year 2022 Earnings Release and Conference Call

HOUSTON , Jan. 11, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its fourth quarter and full-year 2022 earnings news release on Wednesday, Feb. 15, after ...

2 months ago - PRNewsWire

Top Picks 2023: Seven Ways To Energize Portfolios

For almost 4 decades, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. The most popular sector in last year's report, and this...

2 months ago - Forbes

S&P energy sector's record 2022 performance ‘built on downfall of others'

The S&P 500's energy sector was boosted by rising oil prices as other sectors suffered amid inflation and weakened economy

Other symbols: CVXDVNOXY
3 months ago - Fox Business

These 20 stocks were the biggest winners of 2022

Even during a year in which the S&P 500 index has declined 19%, with 70% of its stocks in the red, there are plenty of winners.

3 months ago - Market Watch

Marathon Oil Completes Eagle Ford Acquisition

HOUSTON, Dec. 27, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) today announced the completion of its acquisition of the Eagle Ford assets of Ensign Natural Resources for a total cash cons...

3 months ago - PRNewsWire

Energy stock playbook for 2023: Here's what investors should expect

Bill Smead, chief investment officer at Smead Capital Management, joins 'The Exchange' to discuss the rationale behind his top energy picks, the performance expectations for energy as the electric tra...

Other symbols: CVXOXYVLOXOM
3 months ago - CNBC Television

Oil and gas stocks pace the S&P 500 gainers as crude futures surge

The S&P 500's top gainers were littered with shares companies in the energy sector, as crude oil futures surged on worries over a drop in exports from Russia. The SPDR Energy Select Sector ETF XLE, +2...

3 months ago - Market Watch