Fueled by a Needle-Moving Acquisition, This Oil Stock Is Boosting Its Dividend by 34% and Plans to Buy Back $20 Billion of Its Stock [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
Meanwhile, the company is about to get a big boost from closing its needle-moving acquisition of Marathon Oil (NYSE: MRO) Those factors are giving the oil stock the confidence to return a lot more cash to its shareholders. It's boosting its dividend and share repurchase program. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » ConocoPhillips recently reported its third-quarter results. The oil giant produced over 1.9 million barrels of oil equivalent per day (BOE/d) during the period, surpassing the high end of its production guidance. It achieved record production in the lower 48 states, with strong results across its Permian, Bakken, and Eagle Ford operating areas. Its production rose 3% year over year after adjusting for acquisitions and asset sales. That strong production helped mute some of the impacts of lower oil and gas prices. ConocoPhillips realized an average of $54.18 per BOE in the period , 10% lower than
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MRO
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