Marathon Oil Corporation

Equities

MRO

US5658491064

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-05-31 pm EDT			5-day change	1st Jan Change
28.96 ^USD	+2.66%		+13.30%	+19.87%

May. 31	S&P 500 Posts First Weekly Drop in Six, Ends May With Monthly Gain; Tech, Industrials Weigh on Week	MT
May. 31	Wells Fargo Downgrades Marathon Oil to Equalweight From Overweight, Adjusts Price Target $29 From $38	MT

Marathon Oil Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 01, 2024 at 04:36 pm EDT

Marathon Oil Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 1,538 million compared to USD 1,567 million a year ago. Revenue was USD 1,551 million compared to USD 1,680 million a year ago.

Net income was USD 297 million compared to USD 417 million a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.66 a year ago.

Latest news about Marathon Oil Corporation

S&P 500 Posts First Weekly Drop in Six, Ends May With Monthly Gain; Tech, Industrials Weigh on Week	May. 31	MT
Wells Fargo Downgrades Marathon Oil to Equalweight From Overweight, Adjusts Price Target $29 From $38	May. 31	MT
MORNING BID AMERICAS-Agitated markets wary of June heat	May. 30	RE
News Highlights : Top Energy News of the Day - Thursday at 4 AM ET	May. 30	DJ
News Highlights : Top Energy News of the Day - Thursday at 12 AM ET	May. 30	DJ
Energy Shares Slide as Conoco Buys Marathon -- Energy Roundup	May. 29	DJ
News Highlights : Top Company News of the Day - Wednesday at 5 PM ET	May. 29	DJ
Equity Markets Closer Lower Ahead of GDP Report	May. 29	MT
Equity Markets Drop Ahead of GDP Report	May. 29	MT
News Highlights : Top Energy News of the Day - Wednesday at 4 PM ET	May. 29	DJ
US Equities Markets Close Lower Wednesday as Surging Treasury Yields Curb Risk Appetite for US Equities	May. 29	MT
Indexes end lower amid rate concerns, higher bond yields	May. 29	RE
Sector Update: Energy Stocks Fall in Late Afternoon Trading	May. 29	MT
Double Eagle explores $6.5 billion sale of shale oil producer, sources say	May. 29	RE
Equities Fall Intraday as Markets Await Thursday's GDP Report	May. 29	MT
Sector Update: Energy Stocks Slide in Wednesday Afternoon Trading	May. 29	MT
Sector Update: Energy	May. 29	MT
Surging Treasury Yields Embolden Policy Hawks, Curb Risk Appetite for US Equities	May. 29	MT
ConocoPhillips to Acquire Marathon Oil in All-Stock Deal; Marathon Oil Shares Rise	May. 29	MT
Surging Treasury Yields Curb Risk Appetite for US Equities	May. 29	MT
Top Midday Stories: Cleveland Fed Hires Goldman Veteran as Next CEO; BHP to Walk From Anglo Bid; ConocoPhillips Acquires Marathon; American Airlines Lowers Q2 Guidance	May. 29	MT
News Highlights : Top Company News of the Day - Wednesday at 1 PM ET	May. 29	DJ
ConocoPhillips to buy Marathon Oil in $22.5 bln deal	May. 29	RE
ConocoPhillips Strikes $22.5 Billion All-Stock Deal to Buy Marathon Oil	May. 29	MT
Wall St slides as rate jitters drive bond yields higher	May. 29	RE

Chart Marathon Oil Corporation

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Company Profile

Marathon Oil Corporation specializes in the exploration and production of oil and natural gas. The activity is organized around 3 product families: - crude oil and gas condensates: 172,000 barrels of oil sold per day in 2021; - natural gas: 18.1 million m3 sold per day; - liquefied natural gas: 69,000 barrels sold per day. The United States account for 95.2% of net sales.

Sector

Oil & Gas Exploration and Production

Calendar

2024-07-30 - Q2 2024 Earnings Release (Projected)

Related indices

S&P 500

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Ratings for Marathon Oil Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

28.96 USD

Average target price

33.86 USD

Spread / Average Target

+16.91%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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