ConocoPhillips (NYSE:COP) announced it will buy Marathon Oil Corp (NYSE:MRO) for $22.5 billion, with the deal expected to close in the fourth quarter. Below, let's dig into how both stocks are reacting to the big merger. COP was last seen down 3% at $115.33, but former resistance at the $114 level could flip into support. Despite being in pullback mode since an April 12, more than one-year high of $135.18, shares still boast a 14.6% year-over-year lead.Meanwhile, MRO is up 8.4% at $28.68 at last check -- it ...

MILWAUKEE, May 29, 2024 /PRNewswire/ -- Ademi LLP is investigating Marathon Oil (NYSE: MRO) for possible breaches of fiduciary duty and other violations of law in its transaction with ConocoPhillips.Click here to learn how to join the https://www.ademilaw.com/case/marathon-oil-corporation or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.In the transaction, Marathon Oil shareholders will receive only 0.2550 shares of ConocoPhillips common stock for each share of Marathon O ...

bjdlzx Marathon Oil (NYSE:MRO) is a company that has a known reputation as an operator. In the first quarter report, they burnished that reputation some more with the following announcement: Brought online 12 three-mile wells during first quarter, delivered at a total per foot well cost more than 20% below comparable two-mile lateral wells; first three-mile Permian pad achieved an average per well 30-day IP rate of over 5,000 net BOED. Not only did management reduce the per foot costs, but they also appear ...

Marathon Oil (MRO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Marathon Oil (MRO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Marathon Oil is one of 249 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the avera ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 1-5153 Marathon Oil Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

Marathon Oil Corporation (NYSE:MRO) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Guy Baber - VP, IR Lee Tillman - Chairman, President & CEO Dane Whitehead - Adviser, CEO Rob White - VP, Controller, CAO & CFO Michael Henderson - EVP, Operations Patrick Wagner - EVP, Corporate Development & Strategy Conference Call Participants Scott Hanold - RBC Capital Markets Arun Jayaram - JPMorgan Chase & Co. Betty Jiang - Barclays Bank Neal Dingmann - Truist Securities Nitin Kumar - Wells ...

Marathon Oil Corporation (MRO) reported first-quarter 2024 adjusted net income per share of 55 cents, beating the Zacks Consensus Estimate of 52 cents. The outperformance reflects higher domestic liquids price.However, the company’s bottom line fell from the year-ago adjusted profit of 67 cents due to weaker production numbers.The company reported revenues of $1.7 billion, which came 1.4% below the consensus mark and fell 7.7% from year-ago sales.Marathon Oil Corporation Price, Consensus and EPS Surprise M ...

Marathon Oil Reports First Quarter 2024 Results Returned $350 Million to Shareholders and Sanctioned Equatorial Guinea Drilling Program • Continued delivery on sector-leading commitment to return at least 40% of adjusted CFO to shareholders; returned $349 million or 41% of adjusted CFO to shareholders during first quarter, including $285 million of share repurchases and $64 million base dividend • Strong financial and operational quarter with no change to full-year production or capital spending guidance – ...

Marathon Oil Corporation (MRO) is set to release first-quarter results on May 1. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 53 cents per share on revenues of $1.6 billion.Let’s delve into the factors that might have influenced the independent oil and gas producer’s performance in the March quarter. But it’s worth taking a look at MRO’s previous-quarter results first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-based upstrea ...