Core Viewpoint - Marathon Oil (MRO) is currently rated as a Zacks Rank 5 (Strong Sell) due to declining earnings estimates driven by softer oil demand [1] Company Overview - Marathon Oil Corp. is involved in the exploration, production, and marketing of liquid hydrocarbons and natural gas, operating in two segments: United States and International [2] - The U.S. segment focuses on oil and gas exploration, development, and production within the U.S., while the International segment operates primarily in Equatorial Guinea and the United Kingdom [2] Earnings History - The company has achieved four consecutive beats of the Zacks Consensus Estimate, indicating a history of meeting or exceeding market expectations [3] - However, consistent earnings beats alone do not determine the stock's ranking; the movement of earnings estimates plays a more significant role [3] Earnings Estimates - Recent trends show a decline in annual earnings estimates for Marathon Oil, with the current fiscal year (2023) consensus dropping from $2.73 to $2.62 over the past 60 days [4] - The next year's estimate has also decreased from $3.83 to $3.14 during the same period [4] - The negative revisions in earnings estimates are a primary reason for the stock's Zacks Rank 5 (Strong Sell) classification [4]

HOUSTON, Jan. 16, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its fourth quarter and full-year 2023 earnings release on Wednesday, February 21, after the close of U.S. financial markets.The company will conduct a conference call via live webcast, on Thursday, February 22, at 9 a.m. ET. The call will include forward-looking information.All of the above information, including earnings releases and other investor-related material, can be accessed by visiting Mara ...

Marathon Oil Corporation (NYSE:MRO) Q3 2023 Results Conference Call November 2, 2023 9:00 AM ET Company Participants Guy Baber - VP, IR Lee Tillman - Chairman, President & CEO Dane Whitehead - EVP, CFO Pat Wagner - EVP, Corporate Development & Strategy Mike Henderson - EVP, Operations Conference Call Participants Arun Jayaram - JP Morgan Scott Gruber - Citi Umang Choudhary - Goldman Sachs Josh Silverstein - UBS Doug Leggate - Bank of America Neal Dingmann - Truist Phillips Johnston - Capital One Operator Go ...

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 September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ | Title of each class | Trading Symbol | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $1.00 | ...

SECOND QUARTER 2023 RESULTS Forward-Looking Statements and Other Matters This presentation (and oral statements made regarding the subjects of this presentation) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These are statements, other than statements of historical fact, that give current expectations or forecasts of future events, including, without limitation: the Company’s future capital budgets ...

Marathon Oil Corporation (NYSE:MRO) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Guy Baber - Head of IR Lee Tillman - CEO Dane Whitehead - CFO Michael Henderson - COO Patrick Wagner - Head, Corporate Development Conference Call Participants Arun Jayaram - JPMorgan Chase & Co Joshua Silverstein - UBS Scott Hanold - RBC Capital Markets Neal Dingmann - Truist Securities Matt Portillo - Tudor, Pickering, Holt & Co. Doug Leggate - Bank of America Merrill Lynch Paul Cheng - Scot ...

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 June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) For the transition period from _____ to _____ Commission file number 1-1513 Delaware 25-09 ...

Financial Data and Key Metrics Changes - The company reported strong financial performance in Q1 2023, exceeding guidance and consensus expectations, with adjusted earnings per share surpassing consensus estimates [6][7] - Free cash flow for Q1 was $330 million, with a commitment to return at least 40% of cash flow from operations to shareholders, achieving 42% in Q1 [12][16] - The company expects to receive over $200 million in cash distributions from E.G. in Q2, which will offset the lack of cash dividends received in Q1 [7][16] Business Line Data and Key Metrics Changes - Oil production in Q1 was 186,000 barrels per day, consistent with guidance, with expectations for an improving trend in production in Q2 and Q3 due to capital program timing [8][16] - The Ensign acquisition has been successfully integrated ahead of schedule, contributing to increased production and capital efficiency [9][23] Market Data and Key Metrics Changes - The company anticipates a significant uplift in earnings and cash flow in 2024 due to changes in global LNG pricing, moving away from Henry Hub linkage [30] - E.G. cash distributions are expected to exceed equity income for the full year 2023, indicating strong cash flow resilience [28] Company Strategy and Development Direction - The company is focused on a cash flow-driven return of capital framework, emphasizing shareholder returns while maintaining an investment-grade balance sheet [12][14] - Continuous portfolio enhancements are being pursued to improve competitive positioning and long-term sustainability, particularly in the Permian Basin and E.G. [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong free cash flow across various commodity price environments, maintaining a low free cash flow breakeven of around $40 per barrel WTI [20][19] - The company is well-positioned to lead its peer group in financial and operational metrics, with a focus on sustainable free cash flow yield and attractive valuation [35] Other Important Information - The company has reduced its share count by 22% over the last six quarters through a disciplined buyback program, enhancing per-share growth [15][22] - A comprehensive turnaround in E.G. has been completed, aimed at improving uptime and operational efficiency [28][62] Q&A Session Summary Question: Insights on dividend expectations for Q2 from E.G. - Management confirmed that the math regarding expected cash dividends is accurate, with a significant cash dividend payment anticipated in Q2 [39] Question: Discussion on Alba volumes and decline rates - Management acknowledged the nominal decline rate of about 10% per year and indicated that infill drilling could help mitigate this decline [62] Question: Depth of inventory and sustainability in the Permian - Management indicated a potential inventory of up to two decades, primarily consisting of extended laterals, with ongoing efforts to convert smaller laterals to longer ones [48][53] Question: Positioning for E.G. contract rollover in 2024 - Management is preparing to market for global LNG providers, expecting to tie contracts to global LNG prices, which should provide significant financial uplift [55][58]

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, 2023 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 1-1513 Marathon Oil Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

FOURTH QUARTER 2022 RESULTS AND 2023 OUTLOOK Forward-Looking Statements and Other Matters This presentation (and oral statements made regarding the subjects of this presentation) contains forward-looking statements within the meaning ofSection 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These are statements, other than statements of historical fact, that give current expectations or forecasts of future events, including, without limitation: the Company’s future ...