Marathon Q3 Earnings Beat Estimates Even as Oil Prices Drop [Yahoo! Finance]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Yahoo! Finance
The outperformance reflects better than expected domestic production numbers. However, the company's bottom line fell from the year-ago adjusted profit of 77 cents due to lower commodity price realizations in its primary ‘U.S. E&P' segment and higher costs. The company reported revenues of $1.8 billion, which came $82 million above the consensus mark but dropped 1.2% from the year-ago sales. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Investors should know that on May 29, U.S. upstream behemoth ConocoPhillips COP announced a definitive agreement to acquire Marathon Oil in an all-stock transaction valued at $22.5 billion. Completion of the transaction is expected by the fourth quarter of 2024. Marathon Oil Corporation price-consensus-eps-surprise-chart | Marathon Oil Corporation Quote This Texas-based energy explorer's total net production (from U.S. and International units) in the quarter under review came in at 416,000 barrels of oil equivalent
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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 Oil Co. (NYSE: MRO) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
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