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 ...

[Executive Summary & 2023 Performance Highlights](index=1&type=section&id=Executive%20Summary%20%26%202023%20Performance%20Highlights) Marathon Oil delivered strong 2023 financial results, reduced debt, and returned significant capital to shareholders [Full-Year and Fourth Quarter 2023 Financial Results](index=1&type=section&id=Full-Year%20and%20Fourth%20Quarter%202023%20Financial%20Results) Marathon Oil reported strong full-year and Q4 2023 financial results, including significant net income, adjusted net income, and free cash flow Full-Year and Fourth Quarter 2023 Financial Highlights | Metric | Full-Year 2023 (million $) | Q4 2023 (million $) | | :-------------------------- | :-------------------------- | :------------------- | | Net income | 1,554 | 397 | | Adjusted net income | 1,587 | 406 | | Net operating cash flow | 4,087 | 1,080 | | Adjusted CFO | 4,187 | 980 | | Free cash flow | 2,029 | 681 | | Adjusted FCF | 2,182 | 624 | | Net income per diluted share | $2.56 | $0.68 | | Adjusted net income per diluted share | $2.61 | $0.69 | - Full-year 2023 adjusted FCF was **$2.2 billion**, including **$624 million** during the fourth quarter[4](index=4&type=chunk) [Key Achievements and Strategic Priorities](index=1&type=section&id=Key%20Achievements%20and%20Strategic%20Priorities) In 2023, Marathon Oil returned 41% of adjusted CFO to shareholders, reduced gross debt, and achieved strong operational and ESG performance - Returned **41% of adjusted CFO** to shareholders in 2023, distributing **$1.7 billion** and executing **$1.5 billion** of share repurchases, driving a **9% reduction** to outstanding share count[4](index=4&type=chunk)[5](index=5&type=chunk) - Reduced gross debt by **$500 million** in 2023, further strengthening the investment grade balance sheet[4](index=4&type=chunk)[5](index=5&type=chunk) - Achieved record annual safety performance (TRIR of **0.21**) and met the 2025 GHG Intensity reduction goal of **50%** two years ahead of schedule, improving total Company gas capture rate to **99.5%**[4](index=4&type=chunk)[5](index=5&type=chunk) - Announced a 2024 capital budget of **$2.0 billion**, expected to deliver **190,000 net bopd** and return at least **40% of adjusted CFO** to shareholders[4](index=4&type=chunk)[5](index=5&type=chunk) [2024 Capital Budget and Guidance](index=2&type=section&id=2024%20Capital%20Budget%20and%20Guidance) Marathon Oil's 2024 plan focuses on capital efficiency, stable production, and maximizing free cash flow [Capital Expenditure Plan](index=2&type=section&id=Capital%20Expenditure%20Plan) Marathon Oil's 2024 capital budget of $1.9-$2.1 billion prioritizes corporate returns and free cash flow generation - 2024 capital expenditure budget is set between **$1.9 billion to $2.1 billion**, prioritizing corporate returns and FCF generation[6](index=6&type=chunk) - The 2024 program is expected to deliver approximately **$1.9 billion of FCF**, assuming **$75/bbl WTI**, **$2.50/MMBtu Henry Hub**, and **$10/MMBtu TTF**[6](index=6&type=chunk)[42](index=42&type=chunk) - 2024 financial guidance assumes Alternative Minimum Tax (AMT) cash tax payments at **15% of pre-tax income**, partially offset by approximately **$150 million** of expected R&D tax credits[7](index=7&type=chunk) [Production Outlook](index=2&type=section&id=Production%20Outlook) The company expects 190,000 net bopd in 2024, maintaining flat year-on-year production despite Q1 weather impacts - Marathon Oil expects to deliver total Company oil production of **190,000 net bopd** at the midpoint of its 2024 guidance range[8](index=8&type=chunk) - Winter weather is expected to lower first quarter production by about **4,000 net bopd**, primarily in the Bakken, but with no impact to full-year flat oil production guidance[8](index=8&type=chunk) [Operational Efficiency and Well Optimization](index=2&type=section&id=Operational%20Efficiency%20and%20Well%20Optimization) Marathon Oil plans to optimize its 2024 well mix for flat oil production, maximizing returns and free cash flow - Expects **5% to 10% fewer net wells to sales** in 2024 to deliver flat year-on-year total oil production by optimizing well mix to maximize corporate returns and FCF generation[9](index=9&type=chunk) - Capital spending is approximately **60% weighted to the first half of the year**, driving higher production during the second half[14](index=14&type=chunk) - Approximately **70% of total capital** is allocated to the Eagle Ford and Bakken, with higher year-on-year spending in the Permian[14](index=14&type=chunk) [Return of Capital and Balance Sheet](index=3&type=section&id=Return%20of%20Capital%20Overview) Marathon Oil prioritizes shareholder returns and maintains a strong investment-grade balance sheet [Shareholder Return Framework and 2023 Performance](index=3&type=section&id=Shareholder%20Return%20Framework%20and%202023%20Performance) Marathon Oil exceeded its 40% adjusted CFO return target in 2023, distributing $1.7 billion and reducing outstanding shares - The Company targets returning a minimum of **40% of adjusted CFO** to equity investors in a **$60/bbl WTI** or higher price environment[10](index=10&type=chunk) - During 2023, Marathon Oil returned **41% of adjusted CFO**, or **$1,724 million**, to equity holders, representing a total shareholder distribution yield of **>12%**[11](index=11&type=chunk) - Executed **$1,473 million of share repurchases** during 2023, driving a **9% reduction** to outstanding share count; since October 2021, outstanding share count reduced by more than **27%**[11](index=11&type=chunk) - For 2024, expects to return at least **40% of adjusted CFO**, equating to a minimum shareholder return of **$1.6 billion** and providing shareholders visibility to a double-digit distribution yield[13](index=13&type=chunk) [Debt Reduction and Liquidity](index=3&type=section&id=Debt%20Reduction%20and%20Liquidity) Marathon Oil reduced gross debt by $500 million in 2023, ending Q4 with $2.3 billion in total liquidity - Reduced gross debt by **$500 million** in 2023, including a **$300 million prepayment** on its Term Loan Facility during fourth quarter[12](index=12&type=chunk) - Ended fourth quarter with total liquidity of **$2.3 billion**, including **$155 million of cash and cash equivalents** and **$2.1 billion of available borrowings** on the Company's revolving credit facility[19](index=19&type=chunk) - All three primary credit rating agencies continue to rate Marathon Oil investment grade[19](index=19&type=chunk) [Fourth Quarter 2023 Operations Review](index=3&type=section&id=4Q23%20Operations) Q4 2023 operations saw stable U.S. production, optimized well activity, and a shift in international LNG pricing [United States Operations](index=3&type=section&id=United%20States%20Operations) U.S. production averaged 352,000 net boed in Q4 2023, with 32 Company-operated wells brought to sales Q4 2023 U.S. Production and Costs | Metric | Q4 2023 | | :-------------------------- | :------ | | U.S. Production (net boed) | 352,000 | | U.S. Oil Production (net bopd) | 180,000 | | U.S. Unit Production Costs ($ per boe) | $6.51 | - Brought a total of **32 gross Company-operated wells** and **10 joint venture wells** to sales during fourth quarter[15](index=15&type=chunk) - Eagle Ford production averaged **144,000 net boed** (**71,000 net bopd**) with **4 Company-operated wells**; Bakken averaged **118,000 net boed** (**76,000 net bopd**) with **23 Company-operated wells**[16](index=16&type=chunk) [International Operations (Equatorial Guinea)](index=4&type=section&id=International%20Operations) E.G. production averaged 52,000 net boed in Q4 2023, with LNG sales contract pricing shifting to global LNG-linked terms Q4 2023 E.G. Production and Financials | Metric | Q4 2023 | | :-------------------------- | :------ | | E.G. Production (net boed) | 52,000 | | E.G. Oil Production (net bopd) | 9,000 | | Unit Production Costs ($ per boe) | $2.30 | | Net income from equity method investees | $45 million | | Total cash distributions from equity method companies | $33 million | - Effective Jan. 1, 2024, pricing for the LNG sales contract shifted from Henry Hub-linked to global LNG-linked, and all 2024 LNG cargoes have been successfully contracted under these new terms[17](index=17&type=chunk) [Corporate Information](index=4&type=section&id=Corporate%20Overview) Marathon Oil maintains strong proved reserves, liquidity, and commitment to ESG excellence [Proved Reserves](index=4&type=section&id=Proved%20Reserves) Year-end 2023 proved reserves totaled 1,320 mmboe, effectively replacing produced volumes despite lower commodity pricing - Year-end 2023 proved reserves totaled **1,320 million barrels of oil equivalent (mmboe)**, comparable to year-end 2022 despite lower SEC commodity pricing[18](index=18&type=chunk) - Reserve additions effectively replaced produced volumes, with reserve replacement totaling over **120%** excluding SEC commodity pricing impacts[18](index=18&type=chunk) - Oil and liquids accounted for **49%** and **73%** of the Company's year-end 2023 proved reserves, respectively[18](index=18&type=chunk) [Balance Sheet and Liquidity](index=4&type=section&id=Balance%20Sheet%20and%20Liquidity) Marathon Oil ended Q4 2023 with $2.3 billion in total liquidity and maintained investment-grade credit ratings - Total liquidity at the end of Q4 2023 was **$2.3 billion**, comprising **$155 million of cash and cash equivalents** and **$2.1 billion of available borrowings** on the revolving credit facility[19](index=19&type=chunk) - All three primary credit rating agencies continue to rate Marathon Oil investment grade[19](index=19&type=chunk) [Safety, Environmental, Social, and Governance Excellence](index=4&type=section&id=Safety,%20Environmental,%20Social,%20and%20Governance%20Excellence) Marathon Oil achieved record safety, met GHG reduction goals early, and enhanced board governance in 2023 [Safety Performance](index=4&type=section&id=Safety) Marathon Oil achieved a record-low annual Total Recordable Incident Rate (TRIR) of 0.21 in 2023 - Achieved a record-low annual Total Recordable Incident Rate (TRIR) of **0.21** for employees and contractors during 2023[20](index=20&type=chunk) - Safety performance remains a key element of its executive compensation scorecard[20](index=20&type=chunk) [Environmental Performance](index=5&type=section&id=Environmental) Preliminary calculations indicate Marathon Oil met its 2025 GHG intensity reduction goal two years early - Preliminary calculations indicate achievement of the 2025 GHG intensity reduction goal of **50%** two years ahead of schedule[21](index=21&type=chunk) - Improved total Company 2023 gas capture to **99.5%** and continues progress toward World Bank Zero Routine Flaring by 2030 commitment[21](index=21&type=chunk) [Social Initiatives](index=5&type=section&id=Social) Marathon Oil made key strategic social investments in 2023, supporting health, conservation, and education - Key strategic social investments during 2023 included ongoing support of Equatorial Guinea's Bioko Island Malaria Elimination Project and partnership with the National Fish and Wildlife Foundation on grassland restoration projects[21](index=21&type=chunk) - Awarded grants to teachers through the Unconventional Thinking in Teaching Program and continued support of the Barbara Bush Houston Literacy Foundation My Home Library Program[21](index=21&type=chunk) [Governance Practices](index=5&type=section&id=Governance) Marathon Oil enhanced board oversight in 2023 through focus on refreshment, independence, and diversity - Continued to enhance board of director oversight through focus on refreshment, independence, and diversity, electing one new board member in 2023[22](index=22&type=chunk) - Seven of eight directors are independent, three directors are female (including the lead director), and two directors are ethnically/racially diverse[22](index=22&type=chunk) [About Marathon Oil](index=6&type=section&id=About%20Marathon%20Oil) Marathon Oil is an independent E&P company focused on competitive U.S. resource plays and an integrated E.G. gas business - Marathon Oil Corporation is an independent oil and gas exploration and production (E&P) company[25](index=25&type=chunk) - Focuses on four competitive U.S. resource plays (Eagle Ford, Bakken, STACK and SCOOP in Oklahoma, and Permian) complemented by an integrated gas business in Equatorial Guinea[25](index=25&type=chunk) - The Company's Framework for Success is founded on a strong balance sheet, ESG excellence, and the competitive advantages of a high-quality multi-basin portfolio[25](index=25&type=chunk) [Non-GAAP Measures and Forward-Looking Statements](index=6&type=section&id=Non-GAAP%20Measures%20and%20Forward-Looking%20Statements) This section defines non-GAAP financial measures and provides a disclaimer for forward-looking statements [Non-GAAP Financial Measures Definitions](index=6&type=section&id=Non-GAAP%20Measures) Marathon Oil uses non-GAAP measures like adjusted net income and free cash flow to supplement GAAP results for investor understanding - Marathon Oil uses non-GAAP financial measures such as adjusted net income, adjusted CFO, free cash flow, adjusted free cash flow, and reinvestment rate to supplement GAAP results[26](index=26&type=chunk)[32](index=32&type=chunk) - These measures are considered useful to investors for understanding operating performance, cash generation, and ability to fund capital programs, service debt, and make distributions to stockholders[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) - Non-GAAP measures should not be considered in isolation or as an alternative to, or more meaningful than, their most directly comparable GAAP financial measures[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk)[32](index=32&type=chunk) [Forward-Looking Statements Disclaimer](index=8&type=section&id=Forward-looking%20Statements) This disclaimer identifies forward-looking statements and cautions that actual results may differ materially due to various factors - The release contains forward-looking statements regarding future capital budgets, performance, free cash flow, returns to investors, production, and business strategy[34](index=34&type=chunk) - Actual results could differ materially from projections due to various factors, including conditions in the oil and gas industry, political or economic changes, capital availability, and regulatory shifts[34](index=34&type=chunk) - The Company undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise[34](index=34&type=chunk) [Financial Statements and Supplemental Data](index=9&type=section&id=Financial%20Statements%20and%20Supplemental%20Data) This section presents Marathon Oil's consolidated financial statements and supplemental operational data [Consolidated Statements of Income](index=9&type=section&id=Consolidated%20Statements%20of%20Income) Full-year 2023 net income was $1,554 million, down from 2022, primarily due to lower revenues Consolidated Statements of Income (Unaudited) | Metric | Q4 2023 (million $) | Q4 2022 (million $) | FY 2023 (million $) | FY 2022 (million $) | | :-------------------------------- | :------------------- | :------------------- | :------------------- | :------------------- | | Revenues from contracts with customers | 1,585 | 1,603 | 6,407 | 7,540 | | Total revenues and other income | 1,691 | 1,733 | 6,697 | 8,036 | | Total costs and expenses | 1,171 | 985 | 4,449 | 4,085 | | Income from operations | 520 | 748 | 2,248 | 3,951 | | Net income | 397 | 525 | 1,554 | 3,612 | | Adjusted net income | 406 | 563 | 1,587 | 3,078 | | Net income per diluted share | $0.68 | $0.82 | $2.56 | $5.26 | | Adjusted net income per diluted share | $0.69 | $0.88 | $2.61 | $4.48 | [Adjusted Net Income Per Diluted Share](index=10&type=section&id=Adjusted%20Net%20Income%20Per%20Diluted%20Share) This section reconciles net income per diluted share to adjusted net income per diluted share, detailing special item impacts Adjusted Net Income Per Diluted Share (Unaudited) | Metric | Q4 2023 ($) | Q4 2022 ($) | FY 2023 ($) | FY 2022 ($) | | :------------------------------------------------ | :---------- | :---------- | :---------- | :---------- | | Net income per diluted share | 0.68 | 0.82 | 2.56 | 5.26 | | Adjustments for special items (pre-tax): | | | | | | Net (gain) loss on disposal of assets | (0.02) | 0.06 | (0.03) | 0.06 | | Exploratory dry well costs, unproved property impairments and other | 0.01 | 0.02 | 0.05 | 0.11 | | Unrealized (gain) loss on derivative instruments | (0.03) | (0.03) | (0.02) | (0.03) | | Valuation allowance | — | — | — | (1.00) | | Total Adjustments for special items | 0.01 | 0.06 | 0.05 | (0.78) | | Adjusted net income per share | 0.69 | 0.88 | 2.61 | 4.48 | [Cash Flow and Reinvestment Rate](index=11&type=section&id=Cash%20Flow%20and%20Reinvestment%20Rate) Marathon Oil generated $4,087 million in net operating cash flow and $2,029 million in free cash flow for full-year 2023 Cash Flow and Reinvestment Rate (Unaudited) | Metric | Q4 2023 (million $) | Q4 2022 (million $) | FY 2023 (million $) | FY 2022 (million $) | | :------------------------------------ | :------------------- | :------------------- | :------------------- | :------------------- | | Net cash provided by operating activities | 1,080 | 1,127 | 4,087 | 5,428 | | Adjusted CFO | 980 | 1,104 | 4,187 | 5,410 | | Free cash flow | 681 | 794 | 2,029 | 3,978 | | Adjusted free cash flow | 624 | 763 | 2,182 | 3,947 | | Reinvestment rate | 37 % | 31 % | 48 % | 27 % | [2024 Free Cash Flow Outlook](index=11&type=section&id=2024%20Free%20Cash%20Flow%20Outlook) For 2024, Marathon Oil projects $1.9 billion in free cash flow based on estimated operating activities and capital expenditures 2024 Free Cash Flow Outlook (Unaudited) | Metric | 2024 Outlook (million $) | | :------------------------------------ | :------------------------ | | Expected net cash provided by operating activities | 3,900 | | Less: Capital expenditures | (2,000) | | Expected free cash flow | 1,900 | - Outlook is based upon an **$75/bbl WTI**, **$2.50/MMBtu Henry Hub** and **$10/MMBtu TTF** price assumption[42](index=42&type=chunk) [Production and Sales Volumes](index=12&type=section&id=Production%20and%20Sales%20Volumes) Total net production for full-year 2023 was 405,000 boed, with U.S. operations as the primary contributor Net Production and Sales Volumes (Unaudited) | Metric | Q4 2023 | FY 2023 | Q4 2022 | FY 2022 | | :-------------------------------- | :------ | :------ | :------ | :------ | | **Total Net Production (mboed)** | 404 | 405 | 333 | 343 | | United States | 352 | 355 | 278 | 284 | | International | 52 | 50 | 55 | 59 | | **Total Oil Production (mbbld)** | 189 | 190 | 166 | 169 | | United States | 180 | 182 | 156 | 159 | | International | 9 | 8 | 10 | 10 | | **U.S. Net Sales Volumes (mboed)** | 352 | 355 | 277 | 284 | | Crude oil and condensate (mbbld) | 179 | 181 | 156 | 159 | | Natural gas liquids (mbbld) | 86 | 87 | 59 | 64 | | Natural gas (mmcfd) | 520 | 521 | 371 | 363 | | **International Net Sales Volumes (mboed)** | 48 | 50 | 56 | 59 | | Crude oil and condensate (mbbld) | 5 | 9 | 11 | 10 | | Natural gas liquids (mbbld) | 6 | 5 | 6 | 7 | | Natural gas (mmcfd) | 219 | 214 | 235 | 252 | [Average Price Realizations](index=13&type=section&id=Average%20Price%20Realizations) Average price realizations for crude oil, NGLs, and natural gas declined in 2023 across U.S. and International segments Average Price Realizations and Benchmarks (Unaudited) | Metric | Q4 2023 | FY 2023 | Q4 2022 | FY 2022 | | :------------------------------------ | :------ | :------ | :------ | :------ | | **U.S. Average Price Realizations** | | | | | | Crude oil and condensate ($ per bbl) | $77.28 | $76.42 | $84.29 | $95.58 | | Natural gas liquids ($ per bbl) | $20.92 | $21.20 | $26.02 | $34.55 | | Natural gas ($ per mcf) | $2.32 | $2.36 | $4.93 | $6.11 | | **International Average Price Realizations** | | | | | | Crude oil and condensate ($ per bbl) | $47.43 | $57.50 | $59.27 | $68.67 | | Natural gas liquids ($ per bbl) | $1.00 | $1.00 | $1.00 | $1.00 | | Natural gas ($ per mcf) | $0.24 | $0.24 | $0.24 | $0.24 | | **Benchmark Prices** | | | | | | WTI crude oil (per bbl) | $78.53 | $77.60 | $82.64 | $94.33 | | Brent (Europe) crude oil (per bbl) | $83.72 | $82.47 | $88.56 | $100.78 | | Henry Hub natural gas (per mmbtu) | $2.88 | $2.74 | $6.26 | $6.64 | | TTF natural gas (per mmbtu) | $13.61 | $13.10 | $37.18 | $40.85 | [Derivative Contracts](index=14&type=section&id=Derivative%20Contracts) As of February 19, 2024, Marathon Oil had NYMEX WTI Three-Way Collars in place for 2024, covering specific volumes and price ranges Outstanding Derivative Contracts as of February 19, 2024 | Contract Type | Volume (barrels/day) | Weighted Average Price per Barrel (Ceiling) | Weighted Average Price per Barrel (Floor) | Weighted Average Price per Barrel (Sold put) | | :---------------------- | :---------------- | :--------------------------------------- | :------------------------------------- | :---------------------------------------- | | NYMEX WTI Three-Way Collars (Q1 2024) | 40,000 | $101.01 | $66.25 | $51.25 | | NYMEX WTI Three-Way Collars (Q2 2024) | 40,000 | $101.01 | $66.25 | $51.25 | | NYMEX WTI Three-Way Collars (Q3 2024) | 20,000 | $101.95 | $65.00 | $50.00 | | NYMEX WTI Three-Way Collars (Q4 2024) | 20,000 | $101.95 | $65.00 | $50.00 |

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 ...