Net Income Dips for Marathon Oil in Q1 [Yahoo! Finance]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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marathonoil.com/investors
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Source: Yahoo! Finance
a net income of $297 million for the first quarter of 2024, some 28.8 percent below the Q1, 2023 figures. In its quarterly report, Marathon Oil said its revenues for the quarter were $1.5 billion, down from $1.6 billion reported in the corresponding quarter a year prior. The company delivered first-quarter oil production of 181,000 net barrels of oil per day (boped) and had a first-quarter oil-equivalent production of 371,000 net boed. U.S. production averaged 326,000 net boed during the first quarter of 2024. Oil production averaged 172,000 net bopd. January winter storms negatively affected first-quarter oil production by 4,000 net bopd, with the impact primarily concentrated in the Bakken, consistent with prior guidance, according to Marathon Oil. In Equatorial Guinea, Marathon Oil is responsible for directly marketing its own share of Alba LNG, under new contractual agreements that came into force on January 1, 2024. During the first quarter, Equatorial Guinea production ave
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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