Marathon Oil Stock Price, News & Analysis

Marathon Oil Corporation (NYSE:MRO) reported a third quarter 2021 net income of $184 million, or $0.23 per diluted share, with an adjusted net income of $310 million, or $0.39 per diluted share. The company generated $478 million in free cash flow during the quarter, totaling over $1.3 billion year-to-date. They maintained a $1 billion capital expenditure budget and reduced gross debt by $1.4 billion, enhancing financial health. The quarterly dividend rose to $0.06 per share, marking a 100% increase since 2020. Share repurchases of $500 million are expected in Q4.

Marathon Oil Corporation (MRO) announced a dividend of 6 cents per share, a 20% increase from the previous 5 cents. This dividend is payable on December 10, 2021, to stockholders of record on November 17, 2021. This marks the third consecutive increase, totaling a 100% rise since last year. The decision reflects the company's commitment to sustainable dividends, buoyed by improved cost structure and free cash flow.

Marathon Oil Corporation (NYSE: MRO) has announced the upcoming release of its third quarter 2021 earnings on November 3 after U.S. markets close. A live conference call is scheduled for November 4 at 9 a.m. ET, where forward-looking information will be discussed. Investors can access all related materials, including earnings data, on Marathon Oil's website.

Marathon Oil Corporation (NYSE: MRO) has fully redeemed $900 million in 3.85% Senior Notes due 2025, meeting its gross debt reduction goal of approximately $4.0 billion. This action reduces gross debt by $1.4 billion in 2021 and is expected to save around $50 million in annual cash interest expenses. CEO Lee Tillman emphasized the move improves the company's investment-grade balance sheet and enables a shift in focus towards returning capital to equity holders.

Marathon Oil Corporation (NYSE: MRO) reported a second quarter 2021 net income of $16 million, or $0.02 per diluted share, with adjusted net income at $173 million ($0.22 per share). The company generated $420 million in free cash flow, totaling $863 million in the first half of 2021. Marathon maintained its $1 billion capital expenditure budget while raising full-year U.S. oil-equivalent production guidance by 5,000 net boed. A 25% increase in quarterly base dividend to $0.05 per share was announced, and the company initiated the full redemption of $900 million in senior notes to enhance liquidity.

Marathon Oil Corporation (NYSE: MRO) has declared a dividend of 5 cents per share, reflecting a 25% increase from the previous dividend of 4 cents. This quarterly dividend is set for payment on September 10, 2021, to stockholders recorded by August 18, 2021. The company's CEO, Lee Tillman, emphasized their commitment to a robust capital allocation strategy and distributing sustainable returns to shareholders. This announcement marks the second dividend increase this year, showcasing Marathon's focus on free cash flow and financial strength.

Marathon Oil Corporation (NYSE: MRO) plans to release its Q2 2021 earnings on August 4, 2021, after U.S. markets close. A conference call will take place on August 5, 2021, at 9 a.m. ET, where forward-looking information will be discussed. Investors can access earnings reports and related materials via the company’s website.

Marathon Oil Corporation (NYSE:MRO) reported a first quarter 2021 net income of $97 million ($0.12/share), with adjusted net income at $166 million ($0.21/share). The company achieved a free cash flow of $443 million and maintained a capital expenditure budget of $1 billion. Production averaged 172,000 net bopd and 345,000 net boed. Marathon Oil has reduced gross debt by $500 million, targeting an additional $500 million reduction this year, while raising its quarterly dividend by over 30% to $0.04/share. The firm continues to focus on ESG excellence, achieving a 25% reduction in GHG emissions intensity in 2020.

Marathon Oil Corporation (NYSE: MRO) has announced the full redemption of $500 million of its 2.8% Senior Notes due 2022, reducing annual cash interest expenses by $14 million. Additionally, the company declared a dividend of 4 cents per share, payable on June 10, 2021, to stockholders of record by May 19, 2021. The chairman emphasized the commitment to reduce gross debt and increase shareholder returns, aligning with their goal to enhance the investment-grade balance sheet.