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Marathon Oil Corporation - MRO STOCK NEWS

Welcome to our dedicated news page for Marathon Oil Corporation (Ticker: MRO), a resource for investors and traders seeking the latest updates and insights on Marathon Oil Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marathon Oil Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marathon Oil Corporation's position in the market.

Rhea-AI Summary
Marathon Oil (MRO) is set to release its first quarter 2024 earnings on May 1, with a conference call scheduled for May 2. Investors can access the information on Marathon Oil's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
-
Rhea-AI Summary
Marathon Oil (MRO) announces a $1.2 billion senior notes offering to repay borrowings, with J.P. Morgan, Morgan Stanley among book-runners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
-
Rhea-AI Summary
Marathon Oil Corporation (NYSE: MRO) announces the promotion of Rob L. White to Executive Vice President and CFO, effective May 1, 2024. Zach Dailey will succeed Mr. White as Vice President, Controller and Chief Accounting Officer. Dane Whitehead to retire in July 2024 after 7 years of service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
Tags
none
Rhea-AI Summary
Marathon Oil Corporation (MRO) reported strong financial results for full-year 2023, with net income of $1,554 million and adjusted net income of $1,587 million. The company delivered $1.7 billion of shareholder returns and reduced gross debt by $500 million. Marathon Oil also announced a 2024 capital budget of $1.9 to $2.1 billion, focusing on corporate returns and free cash flow generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
Tags
-
Rhea-AI Summary
Marathon Oil Corporation (MRO) has declared a dividend of 11 cents per share on common stock, payable on March 11, 2024, to stockholders of record on Feb. 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
dividends earnings
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Rhea-AI Summary
Marathon Oil Corporation (MRO) is set to release its fourth quarter and full-year 2023 earnings on February 21, 2024, followed by a conference call on February 22. The call will provide forward-looking information, and all investor-related material can be accessed on Marathon Oil's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
Rhea-AI Summary
Marathon Oil Corporation reported third quarter 2023 net income of $453 million or $0.75 per diluted share. Adjusted net income was $466 million or $0.77 per diluted share. The company generated $718 million of adjusted free cash flow during the third quarter, up 35% sequentially. They delivered a sequential increase in total third quarter production to 421,000 net barrels of oil equivalent per day and 198,000 net barrels of oil per day. Marathon Oil returned $476 million or 42% of adjusted CFO to shareholders during the third quarter through share repurchases and base dividends. They also announced a 10% quarterly base dividend increase to $0.11/share and an increase in share repurchase authorization to $2.5 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
-
Rhea-AI Summary
Marathon Oil Corporation (NYSE: MRO) has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Dec. 11, 2023, to stockholders of record on Nov. 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
dividends
-
Rhea-AI Summary
Marathon Oil signs LNG sales agreement with Glencore Energy UK Ltd, providing significant exposure to the European LNG market starting Jan 2024. Company expects over $300 million EBITDA increase next year across its E.G. integrated gas business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
none
Rhea-AI Summary
Marathon Oil Corporation to release Q3 2023 earnings on November 1
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
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Marathon Oil Corporation

NYSE:MRO

MRO Rankings

MRO Stock Data

16.62B
575.11M
0.38%
79.74%
2.64%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About MRO

Marathon Oil Corporation is an American company engaged in hydrocarbon exploration. he 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.