Marathon Oil moves higher after Q4 earnings, revenues top forecasts [Seeking Alpha]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Seeking Alpha
Marathon Oil moves higher after Q4 earnings, revenues top forecastsMarathon Oil (NYSE:MRO)+1.5% after-hours as it reports better than expectedQ4 earnings and a 23% Y/Y revenue increase to $1.38B, also more than anticipated.MRO plans a 2018 capital budget of $2.3B, up slightly vs. $2.2B in 2017, with ~60% to be spent in the Bakken shale and Eagle Ford shale and the remainder in the Permian Basin and in Oklahoma; the company says the budget should maintain breakeven at $50/bbl oil.Q4 production rose 4% Q/Q to 383K boe/day, with U.S. resource play production climbing 10% Q/Q to average 249K net boe/day.MRO forecasts total 2018 production available for sale will average 390K-410K net boe/day, up 12% Y/Y at the midpoint; annual oil output available for sale is seen increasing 18% at the midpoint, driven by 20%-25% oil growth in the U.S. resource plays.MRO expects Q1 U.S. production will average 265K-275K net boe/day, while international output, excluding Libya, averages 105K-115K net boe/d
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News
- Marathon (MRO) Q1 Earnings on Deck: Here's How It Will Fare [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Corporation Declares First Quarter 2024 DividendPR Newswire
- Analysts Estimate Marathon Oil (MRO) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $32.00 price target on the stock.MarketBeat
- Marathon Oil (MRO) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 2/21/24 - Beat
MRO
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- MRO's page on the SEC website