Marathon Oil narrowly beats first quarter profit estimates on higher prices [Yahoo! Finance]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Yahoo! Finance
Crude oil prices in the quarter mirrored prices from the previous year as production cuts by OPEC+ countries offset lower demand, helping oil producers such as Marathon Oil. The Houston-based company said average price for crude oil and condensate in the United States was up about 1% at $75.39 per barrel (bbl) and international price was up 5.6% to $61.86 per bbl. "We remain fully on track to deliver a 2024 program that provides a sector-leading combination of free cash flow, capital efficiency and shareholder returns," said CEO Lee Tillman. Quarterly oil production was down 2.7% to 181,000 barrels per day (bpd), compared with a year earlier. The company said January winter storms negatively affected its quarterly production by 4,000 net bopd, with the impact primarily concentrated in the Bakken. The company said its average realized price for natural gas sold as LNG was $7.21 per million cubic feet (mmcf) in the reported quarter. The company reported an adjusted profit o
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MRO
News
- Marathon Oil Co. (NYSE: MRO) had its price target raised by analysts at Mizuho from $31.00 to $33.00. They now have a "neutral" rating on the stock.MarketBeat
- Are Oils-Energy Stocks Lagging Marathon Oil (MRO) This Year? [Yahoo! Finance]Yahoo! Finance
- Wednesday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- This oil platform stopped pumping 30 years ago. Alaska still won't make the owner tear it down. [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Marathon Oil (MRO) Right Now? [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 5/1/24 - Beat
MRO
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 3
- 5/1/24 - Form 8-K
- MRO's page on the SEC website