Core Insights - Marathon Oil reported $1.69 billion in revenue for Q4 2023, a year-over-year decline of 2.4% with an EPS of $0.69 compared to $0.88 a year ago, indicating a decrease in profitability [1] - The revenue exceeded the Zacks Consensus Estimate by 1.95%, while the EPS surprised by 11.29% over the consensus estimate [1] Financial Performance Metrics - Average Price Realizations for Natural Gas Liquids in the U.S. were $20.92, slightly below the estimated $21.34 [2] - Average Price Realizations for Crude Oil and Condensate in the U.S. were $77.28, compared to the estimated $77.47 [2] - International Natural Gas Average Price Realizations were $0.24, below the estimated $0.27 [2] - Total Net Sales Volumes reached 400 million barrels of oil equivalent per day, surpassing the average estimate of 398.85 million [2] - Net Sales Volume per day for U.S. Crude Oil and Condensate was 179 million barrels, closely matching the estimate of 179.24 million [2] - Average Price Realizations for U.S. Natural Gas were $2.32, below the estimated $2.60 [2] - Net Sales Volume per day for U.S. Natural Gas was 520 million cubic feet, exceeding the estimate of 494.89 million [2] - Net Sales Volume per day for U.S. Natural Gas Liquids was 86 million barrels, above the estimate of 82.99 million [2] - International Natural Gas Net Sales Volume per day was 219 million cubic feet, below the estimate of 239.97 million [2] - International Natural Gas Liquids Net Sales Volume per day was 6 million barrels, below the estimate of 6.53 million [2] - Income from equity method investments was $45 million, a significant decline of 68.8% year-over-year, compared to the estimate of $49.90 million [2] - Revenues from contracts with customers were $1.59 billion, slightly below the estimate of $1.62 billion, representing a year-over-year decline of 1.1% [2] Stock Performance - Marathon Oil shares returned +3.6% over the past month, outperforming the Zacks S&P 500 composite's +3% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Marathon Oil (MRO) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.29%. A quarter ago, it was expected that this energy company would post earnings of $0.69 per share when it actually produced earnings of $0.77, delivering a surprise of 11.59%.Over the last four quarters, the compa ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 Commission file number 1-1513 Marathon Oil Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...

Delivered $1.7 Billion of Shareholder Returns and $500 Million of Gross Debt Reduction HOUSTON, Feb. 21, 2024 - Marathon Oil Corporation (NYSE: MRO) reported full-year 2023 net income of $1,554 million, or $2.56 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $1,587 million, or $2.61 per diluted share. Net operating cash flow was $4,087 million, or $4,187 ...

Marathon Oil Corporation (MRO) is set to release fourth-quarter results on Feb 21. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 62 cents per share on revenues of $1.7 billion.Let’s delve into the factors that might have influenced the independent oil and gas producer’s performance in the December quarter. But it’s worth taking a look at MRO’s previous-quarter results first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-based up ...

Key PointsOil stocks are getting bullish signals from all directions: macro trends, investment banks, and even analyst ratings.Marathon shows you the best upside and growth potential, even above Buffett's Occidental.Marathon's story grows, and its growth trumps oil's upside. Do yourself a favor and consider MRO stock.5 stocks we like better than CME GroupNot all stocks are created equal, and this year energy stocks could quickly become the market's favorite. A once-in-a-cycle opportunity to line up your por ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Marathon Oil (MRO) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 21. ...

Company Performance - Marathon Oil (MRO) closed at $22.65, reflecting a +0.89% change from the previous day, outperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, shares of Marathon Oil have decreased by 4.06%, underperforming the Oils-Energy sector's gain of 1.15% and the S&P 500's gain of 5.78% [1] - The upcoming earnings release is scheduled for February 21, 2024, with projected EPS of $0.62, indicating a 29.55% decline compared to the same quarter last year [1] Analyst Estimates - Recent changes in analyst estimates for Marathon Oil reflect shifting short-term business dynamics, with a consensus EPS projection decreasing by 19.57% in the past 30 days [2] - The company currently holds a Zacks Rank of 5 (Strong Sell), indicating a negative outlook from analysts [2] Valuation Metrics - Marathon Oil's Forward P/E ratio stands at 8.6, which is below the industry average Forward P/E of 12, suggesting the company is trading at a discount compared to its peers [3] - The Oil and Gas - Integrated - United States industry, to which Marathon Oil belongs, has a Zacks Industry Rank of 241, placing it in the bottom 5% of over 250 industries [3]

Marathon Oil (MRO) closed the latest trading day at $22.32, indicating a -0.62% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.32% for the day. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.2%.The energy company's shares have seen a decrease of 7.91% over the last month, not keeping up with the Oils-Energy sector's loss of 2.12% and the S&P 500's gain of 4.59%.Investors will be eagerly watchi ...

Marathon Oil (MRO) closed the most recent trading day at $22.59, moving +0.98% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq gained 0.36%.Shares of the energy company have depreciated by 11.05% over the course of the past month, underperforming the Oils-Energy sector's loss of 5.22% and the S&P 500's gain of 2.4%.The investment community will be closely monitoring the performance ...