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Marathon Oil Corp (MRO.N)

MRO.N on New York Stock Exchange

18.68USD
23 Apr 2019
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$-0.10 (-0.53%)
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Latest Key Developments (Source: Significant Developments)

Marathon Oil Q4 Earnings Per Share $0.47
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Marathon Oil Corp ::MARATHON OIL ANNOUNCES $2.4 BILLION DEVELOPMENT CAPITAL BUDGET FOR 2019; REPORTS FOURTH QUARTER AND FULL-YEAR 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.15.Q4 EARNINGS PER SHARE $0.47.SEES FY 2018 EARNINGS PER SHARE $1.29 INCLUDING ITEMS.Q4 EARNINGS PER SHARE ESTIMATE $0.14 -- REFINITIV IBES DATA.TOTAL 2019 CAPITAL BUDGET OF $2.6 BILLION, DOWN FROM 2018.SEES TOTAL COMPANY OIL GROWTH OF 10% IN 2019.2019 CAPITAL BUDGET INCLUDES TOTAL COMPANY OIL GROWTH OF 10% IN 2019.QTRLY TOTAL REVENUES AND OTHER INCOME $1,765 MILLION VERSUS $1,382 MILLION REPORTED LAST YEAR.QTRLY PRODUCTION FROM THE U.S. RESOURCE PLAYS WAS 295,000 NET BOED, INCLUDING OIL PRODUCTION OF 174,000 NET BOPD..FOR Q1 2019, COMPANY FORECASTS TOTAL OIL PRODUCTION OF 195 - 215 BOPD, WITH U.S. OIL PRODUCTION OF 175 - 185 BOPD.Q4 TOTAL COMPANY PRODUCTION AVERAGED 411,000 NET BOED.QTRLY U.S. PRODUCTION AVERAGED 306,000 NET BOED, INCLUDING OIL PRODUCTION OF 180,000 NET BARRELS OF OIL PER DAY (BOPD).TOTAL LIQUIDITY AS OF DEC. 31 WAS APPROXIMATELY $4.9 BILLION.QTRLY TOTAL CO NET PRODUCTION AVAILABLE FOR SALE FROM CONTINUING OPERATIONS. 411 MBOED VERSUS. 416 MBOED REPORTED LAST YEAR.SEES 2019 TOTAL OIL PRODUCTION GROWTH OF 10 PERCENT, WITH U.S. OIL GROWTH OF 12 PERCENT.QTRLY EAGLE FORD PRODUCTION AVERAGED 107,000 NET BOED.Q4 REVENUE VIEW $1.42 BILLION -- REFINITIV IBES DATA.MARATHON OIL - Q1 U.S. PRODUCTION GUIDANCE RANGE ACCOUNTS FOR EXTREME WEATHER CONDITIONS EXPERIENCED EARLY IN QUARTER.  Full Article

Marathon Oil Q3 Adjusted Earnings Per Share $0.24
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Marathon Oil Corp ::MARATHON OIL REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.24.Q3 EARNINGS PER SHARE $0.30 INCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.21 -- THOMSON REUTERS I/B/E/S.CAPITAL BUDGET UNCHANGED WITH FULL-YEAR PRODUCTION GUIDANCE RAISED AGAIN.FULL-YEAR PRODUCTION GUIDANCE RAISED AGAIN.QUARTERLY TOTAL REVENUES AND OTHER INCOME $1,667 MILLION VERSUS $1,252 MILLION REPORTED LAST YEA.INCREASED ITS ANNUAL 2018 TOTAL COMPANY PRODUCTION GUIDANCE TO 405,000 TO 415,000 NET BOED,.U.S. E&P PRODUCTION AVERAGED 304,000 NET BOED FOR Q3 2018, INCLUDING OIL PRODUCTION OF 174,000 NET BARRELS OF OIL PER DAY.Q3 U.S. E&P UNIT PRODUCTION COSTS WERE $6.14 PER BOE.RAISED 2018 GUIDANCE FOR ANNUAL RESOURCE PLAY OIL AND BOE GROWTH TO 30 - 34 PERCENT.EXPECTS Q4 2018 U.S. PRODUCTION TO AVERAGE 295,000 TO 305,000 NET BOED.EXPECTS Q4 2018 U.S. RESOURCE PLAY PRODUCTION TO AVERAGE 290,000 TO 300,000 NET BOED.Q4 INTERNATIONAL PRODUCTION EXPECTED TO AVERAGE 105,000 TO 115,000 NET BOED, AFFECTED BY TIMING OF PLANNED MAINTENANCE IN E.G..  Full Article

Lucid Energy Group Announces Long-Term Agreement With Marathon Oil Permian Llc And New Cryogenic Processing Plant In Southeast New Mexico
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Marathon Oil Corp ::LUCID ENERGY GROUP ANNOUNCES LONG-TERM AGREEMENT WITH MARATHON OIL PERMIAN LLC AND NEW CRYOGENIC PROCESSING PLANT IN SOUTHEAST NEW MEXICO.LUCID - EXECUTED A NEW LONG-TERM NATURAL GAS GATHERING AND PROCESSING AGREEMENT WITH UNIT OF MARATHON OIL.  Full Article

Marathon Oil Corp Qtrly Adjusted Earnings Per Share $0.07
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Marathon Oil Corp ::QTRLY TOTAL COMPANY PRODUCTION EXCLUDING LIBYA AVERAGED 383,000 NET BOED, UP 4% SEQUENTIALLY ON A DIVESTITURE-ADJUSTED BASIS‍​.QTRLY ADJUSTED EARNINGS PER SHARE $0.07.QTRLY LOSS PER SHARE $0.03.QTRLY TOTAL REVENUES AND OTHER INCOME $1,382 MILLION VERSUS $1,124 MILLION.MARATHON OIL - FOR FY 2018, CO FORECASTS TOTAL PRODUCTION AVAILABLE FOR SALE, EXCLUDING LIBYA, TO AVERAGE 390,000 TO 410,000 NET BOED.MARATHON OIL - FOR FIRST QUARTER 2018, U.S. PRODUCTION IS EXPECTED TO AVERAGE 265,000 TO 275,000 NET BOED.MARATHON OIL - FOR FIRST QUARTER 2018, INTERNATIONAL PRODUCTION, EXCLUDING LIBYA, IS EXPECTED TO AVERAGE 105,000 TO 115,000 NET BOED.MARATHON OIL - $2.3 BILLION RETURNS-DRIVEN DEVELOPMENT CAPITAL BUDGET FOR 2018.Q1 EARNINGS PER SHARE VIEW $0.08, REVENUE VIEW $1.37 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Marathon Oil Announces Q4 Adjusted Earnings Per Share $0.07
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Marathon Oil Corp ::MARATHON OIL ANNOUNCES 2018 DEVELOPMENT CAPITAL BUDGET; REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.07.Q4 LOSS PER SHARE $0.03 INCLUDING ITEMS.‍FOR Q1 2018, U.S. PRODUCTION IS EXPECTED TO AVERAGE 265,000 TO 275,000 NET BOED​.MARATHON OIL - SEES FY TOTAL PRODUCTION AVAILABLE FOR SALE, EXCLUDING LIBYA, TO AVERAGE 390,000 TO 410,000 NET BARRELS OF OIL EQUIVALENT PER DAY.‍FOR Q1 2018, INTERNATIONAL PRODUCTION, EXCLUDING LIBYA, IS EXPECTED TO AVERAGE 105,000 TO 115,000 NET BOED​.QTRLY ‍TOTAL COMPANY PRODUCTION EXCLUDING LIBYA AVERAGED 383,000 NET BOED, UP 4% SEQUENTIALLY ON A DIVESTITURE-ADJUSTED BASIS​.QTRLY TOTAL REVENUE AND OTHER INCOME $1,382‍​ MILLION VERSUS $1,124 MILLION LAST YEAR.QTRLY EAGLE FORD PRODUCTION AVERAGED 105,000 NET BOED; UP 4% SEQUENTIALLY WITH FEWER WELLS TO SALES.MARATHON OIL - QTRLY INTERNATIONAL E&P PRODUCTION AVAILABLE FOR SALE (EXCLUDING LIBYA) AVERAGED 121,000 NET BOED VERSUS 126,000 NET BOED IN THE PRIOR QUARTER.MARATHON OIL - NET PROVED RESERVES WERE ABOUT 1.45 BILLION BOE AT YEAR-END 2017, DOWN FROM YEAR-END 2016 PRIMARILY DUE TO SALE OF CANADIAN OIL SANDS BUSINESS.QTRLY TOTAL COMPANY NET PRODUCTION AVAILABLE FOR SALE FROM CONTINUING OPERATIONS 416 MBOED VERSUS 349 MBOED LAST YEAR.FOR Q1 2018, INTERNATIONAL PRODUCTION, EXCLUDING LIBYA, IS EXPECTED TO AVERAGE 105,000 TO 115,000 NET BOED.ANNOUNCED A $2.3 BILLION DEVELOPMENT CAPITAL BUDGET FOR 2018.  Full Article

Marathon Oil Receives Adverse Ruling On Some Brae Area Decommissioning Costs
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Marathon Oil Corp ::MARATHON OIL - DURING Q4 , RECEIVED ADVERSE RULING FROM U.K. FIRST-TIER TAX TRIBUNAL REGARDING SOME BRAE AREA DECOMMISSIONING COSTS.MARATHON OIL SAYS SOME ACCOUNTING ADJUSTMENTS IN Q4 EXPECTED TO NEGATIVELY IMPACT CASH FLOW FROM OPERATIONS BY ABOUT $110 MILLION - SEC FILING.MARATHON OIL - EXPECT REVISIONS TO CURRENT, DEFERRED TAX LIABILITIES WILL HAVE NO MATERIAL ADVERSE EARNINGS IMPACT ON RESULTS.  Full Article

Marathon Oil Announces $1 Billion Gross Debt Reduction
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Marathon Oil Corp ::MARATHON OIL ANNOUNCES $1 BILLION GROSS DEBT REDUCTION.MARATHON OIL - ENTERED INTO A TRANSACTION TO REDEEM AT PAR OUTSTANDING $1 BILLION OF 5.125 PERCENT MUNICIPAL REVENUE BONDS DUE IN 2037.MARATHON OIL CORP - ‍TRANSACTION WILL REDUCE GROSS DEBT BY $1 BILLION AND ANNUAL CASH INTEREST EXPENSE BY $51 MILLION​.MARATHON OIL - AGREED TO BUY $1 BILLION OF REVENUE REFUNDING BONDS SERIES 2017 HAVING TERM RATE OF 3.75 PERCENT THAT WILL MATURE ON JUNE 1, 2037.MARATHON OIL CORP - ‍PARISH WILL USE PROCEEDS TO REDEEM $1 BILLION OF 5.125 PERCENT FIXED RATE REVENUE BONDS SERIES 2007A​.MARATHON OIL CORP - TOTAL LIQUIDITY AS OF SEPT. 30 WAS $5.2 BILLION.MARATHON OIL - ‍ WITH PREVIOUS REFINANCING, GROSS DEBT REDUCED BY ABOUT $1.75 BILLION, ANNUAL CASH INTEREST EXPENSE REDUCED BY APPROXIMATELY $115 MILLION​.MARATHON OIL - RIGHT TO TENDER REFUNDING BONDS AT PAR AND REMARKET THEM TO INVESTORS AT ANY TIME UP TO 2037 MATURITY DATE & IN AMOUNT UP TO FULL $1 BILLION​.MARATHON OIL CORP - ‍REFUNDING TRANSACTION IS EXPECTED TO CLOSE ON DEC. 18, 2017, SUBJECT TO CUSTOMARY CLOSING CONDITIONS​.MARATHON OIL CORP - ‍APPROXIMATELY $750 MILLION IN REMAINING PROCEEDS FROM SALE OF COMPANY'S CANADIAN SUBSIDIARY IS SCHEDULED TO BE RECEIVED IN Q1 2018​.MARATHON OIL - TOTAL LIQUIDITY AS OF SEPT. 30 WAS $5.2 BILLION, CONSISTING OF $1.8 BILLION IN CASH & CASH EQUIVALENTS & UNDRAWN REVOLVING CREDIT FACILITY OF $3.4 BILLION​.  Full Article

Marathon Oil posts Q3 adjusted loss per share $0.08
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Marathon Oil Corp :Marathon Oil reports third quarter 2017 results.Q3 adjusted loss per share $0.08.Q3 loss per share $0.70 including items.Q3 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S.Marathon Oil Corp - ‍raised 2017 resource play exit rate guidance to 25 - 30 percent, up from 23 - 27 percent​.Qtrly ‍total company production excluding libya averaged 371,000 net BOED, up 6 pct sequentially​.Marathon oil corp - ‍anticipate full-year 2017 free cash flow neutrality, including dividends and working capital​.Marathon Oil Corp - ‍expects Q4 2017 U.S. E&P production available for sale to average 255,000 to 265,000 net BOED​.Marathon Oil - ‍Q4 2017 international e&p production available for sale, excluding Libya, is expected to be within a range of 120,000 to 130,000 net BOED​.Marathon Oil Corp - ‍Q3 U.S. E&P​ unit production costs were $5.38 per barrel of oil equivalent (BOE), 8 percent lower than previous quarter.Marathon Oil Corp - qtrly total revenues and other income $‍1,252​ million.Marathon Oil Corp - ‍expects full-year total company production available for sale, excluding Libya, in a new range of 350,000 to 360,000 net BOED​.Q3 revenue view $1.05 billion -- Thomson Reuters I/B/E/S.Marathon Oil Corp - ‍expects its 2017 capital program, excluding lease and acquisition costs, to be approximately $2.1 billion​.Marathon Oil Corp - ‍now expect to end year toward high end of full-year production guidance​.  Full Article

Marathon Oil Corp declares third quarter 2017 dividend
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Marathon Oil Corp :Marathon Oil Corp declares third quarter 2017 dividend.Marathon Oil Corp - ‍board of directors has declared a dividend of 5 cents per share on Marathon Oil Corp common stock​.  Full Article

Marathon Oil ‍still expects 2017 capital program to be in a range of $2.1 to $2.2 billion
Tuesday, 3 Oct 2017 

Oct 3 (Reuters) - Marathon Oil Corp :Marathon Oil provides post Harvey operational update.Marathon Oil Corp says ‍still expects its 2017 capital program to be in a range of $2.1 to $2.2 billion​.Marathon Oil - ‍expects Q3 2017 U.S. E&P production available for sale to average toward high end of its guidance of 230,000 to 240,000 net BOED.Marathon Oil Corp says ‍U.S. resource plays expected to exit year with both oil and BOE production 23 to 27 percent higher than Q4 2016​.Company expects Q3 Eagle Ford production to average approximately 100,000 net BOED, in-line with Q2 levels.  Full Article

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