Marathon Oil Corporation Declares First-Quarter 2023 Dividend

Rhea-AI Summary

Marathon Oil Corporation (NYSE: MRO) announced on April 26, 2023 that its board of directors has declared a dividend of 10 cents per share on common stock. This dividend is set to be paid on June 12, 2023, to stockholders recorded by May 17, 2023. Marathon Oil operates as an independent oil and gas exploration and production company, focusing on prominent U.S. resource plays including the Eagle Ford in Texas, Bakken in North Dakota, STACK and SCOOP in Oklahoma, and the Permian in New Mexico. The company emphasizes a strong balance sheet, ESG excellence, and the competitive advantages of its multi-basin portfolio.

Positive

• Dividend declaration of 10 cents per share, showcasing company confidence.
• Payment scheduled for June 12, 2023, highlighting consistent shareholder returns.

Negative

• None.

News Market Reaction

+0.82%

1 alert

+0.82% News Effect

On the day this news was published, MRO gained 0.82%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, April 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 Corporation common stock. The dividend is payable on June 12, 2023, to stockholders of record on May 17, 2023.

About Marathon Oil 
Marathon Oil (NYSE: MRO) is an independent oil and gas exploration and production company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma and Permian in New Mexico, complemented by a world-class integrated gas business in Equatorial Guinea. 

Our Framework for Success is founded in a strong balance sheet, ESG excellence and the competitive advantages of our multi-basin portfolio. For more information, please visit www.marathonoil.com  

Media Relations Contact: 
Karina Brooks: 713-296-2191 

Investor Relations Contacts: 
Guy Baber: 713 296-1892 
John Reid: 713 296-4380 

View original content to download multimedia:https://www.prnewswire.com/news-releases/marathon-oil-corporation-declares-first-quarter-2023-dividend-301808723.html

SOURCE Marathon Oil Corporation

FAQ

What is the dividend amount for Marathon Oil (MRO) declared on April 26, 2023?

Marathon Oil declared a dividend of 10 cents per share on April 26, 2023.

When will Marathon Oil's declared dividend be paid?

The dividend will be paid on June 12, 2023.

When is the record date for Marathon Oil's dividend?

The record date for the dividend is May 17, 2023.

How often does Marathon Oil pay dividends?

Marathon Oil typically pays dividends quarterly, as part of its commitment to returning value to shareholders.

Is Marathon Oil's dividend sustainable?

The sustainability of Marathon Oil's dividend will depend on the company's ongoing financial performance and cash flow management.