UPDATE 1-Marathon profit plunges as weak prices offset higher shale output [Yahoo! Finance News]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Yahoo! Finance News
UPDATE 1-Marathon profit plunges as weak prices offset higher shale output ds outlook, details on pricing, production) Nov 6 ) - Marathon Oil Corp reported a 44.5% fall in quarterly adjusted profit on Wednesday, as weak crude and gas prices limited gains from higher output in its U.S. shale basins. The results were similar to those from fellow shale producers that signaled the hit from weak commodity prices due to record output from the United States and pressure on demand from the global trade war. U.S crude oil and condensate prices were down about 20% on average for Marathon, while internationally it fell 28%. The company's realized prices for natural gas and natural gas liquids were also down. Marathon, which also has operations in Equatorial Guinea, said total production rose 6.5% to an average of 425,000 barrels of oil equivalent per day boepd), excluding divestitures, in the third quarter. U.S. production jumped 12.7% to 338,000 boepd. The Houston-based company said it now expe
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News
- Why Marathon Oil (MRO) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Marathon Oil (MRO) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its price target raised by analysts at Morgan Stanley from $26.00 to $27.00. They now have an "equal weight" rating on the stock.MarketBeat
- RSPG: This Energy Fund No Longer Offers An Attractive Entry Point (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Marathon Oil Co. (NYSE: MRO) had its price target raised by analysts at Scotiabank from $35.00 to $45.00. They now have a "sector outperform" rating on the stock.MarketBeat
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