Marathon Oil beats Q3 profit estimates on higher production [Yahoo! Finance Canada]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Yahoo! Finance Canada
Marathon — which operates in the Bakken, Permian and Eagle Ford basins — said its total production for the quarter rose to 421,000 barrels of oil equivalent per day (boepd), compared to 393,000 boepd during the second quarter. Total oil production rose to 207,000 barrels per day in the three months ended Sept. 30, compared to 191,000 in the preceding quarter. Marathon Oil is set to be acquired by larger rival ConocoPhillips for $22.5 billion. The deal, approved by Marathon's shareholders in August, is currently undergoing a Federal Trade Commission review and is expected to close late in the fourth quarter of 2024. Last week, ConocoPhillips surpassed Wall Street's expectations for third-quarter profit and elevated its full-year output forecast. Marathon also raised its full-year production forecast, expecting to benefit from the increase in U.S. oil consumption, which, in July, rose to its highest seasonal level since 2019. The company now expects a total production of 393,
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News
- Marathon Oil Co. (NYSE: MRO) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Texas Pacific Land Stock Rallies on News of S&P 500 Inclusion [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips completes acquisition of Marathon Oil Corporation [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its price target lowered by analysts at Piper Sandler from $37.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
- Marathon Q3 Earnings Beat Estimates Even as Oil Prices Drop [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 11/6/24 - Beat
MRO
Sec Filings
- 11/22/24 - Form S-8
- 11/22/24 - Form S-8
- 11/22/24 - Form S-8
- MRO's page on the SEC website