Healthy Crude Oil Prices Fuel Upstream Sector Expansion [Yahoo! Finance]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Yahoo! Finance
The West Texas Intermediate (WTI) crude also witnessed a 0.9% rise, trading above the $80-per-barrel threshold. This upward trend in oil prices is fostering a bullish atmosphere, paving the way for heightened exploration and production activities, particularly in lucrative shale reserves. Oil Price Still Remains High At present, the WTI crude price is trading above $80 per barrel, which is deemed highly beneficial for the exploration and production sector. The U.S. Energy Information Administration's (“EIA”) short-term energy outlook remains optimistic, projecting an average spot price of $82.15 per barrel for WTI crude for 2024. The current dynamics in the global oil market, characterized by rising prices, robust demand and constrained supply, are setting the stage for an expansion in the upstream sector. What Led to the Rise in Oil Prices? The driving force behind the soaring oil prices can be traced to the recent revisions in the EIA's Short-Term Energy Outlook. Initially,
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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