Last $36.15 USD
Change Today +1.00 / 2.84%
Volume 5.2M
MRO On Other Exchanges
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As of 8:04 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

marathon oil corp (MRO) Snapshot

Open
$35.31
Previous Close
$35.15
Day High
$36.24
Day Low
$35.30
52 Week High
05/17/13 - $36.24
52 Week Low
06/22/12 - $23.17
Market Cap
25.6B
Average Volume 10 Days
5.6M
EPS TTM
$2.27
Shares Outstanding
708.8M
EX-Date
05/14/13
P/E TM
15.9x
Dividend
$0.68
Dividend Yield
1.88%
Current Stock Chart for MARATHON OIL CORP (MRO)

marathon oil corp (MRO) Latest News

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marathon oil corp (MRO) Details

Marathon Oil Corporation operates as an energy company worldwide. The company’s Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas in the United States, Angola, Canada, Equatorial Guinea, Ethiopia, Gabon, Kurdistan Region of Iraq, Libya, Norway, Poland, and the United Kingdom. Its Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta, Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. As of December 31, 2012, this segment had rights to participate in developed and undeveloped leases totaling approximately 43,000 net acres. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.

3,367 Employees
Last Reported Date: 02/22/13
Founded in 1887

marathon oil corp (MRO) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $4.4M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.7M
Executive Vice President, General Counsel and...
Total Annual Compensation: $1.3M
Vice President of Accounting & Finance, Contr...
Total Annual Compensation: $950.0K
Vice President of Public Policy
Total Annual Compensation: $835.0K
Compensation as of Fiscal Year 2012.

marathon oil corp (MRO) Key Developments

Marathon Oil Corporation Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2013; Announces Impairments for the First Quarter Ended March 31, 2013; Provides Production Guidance for the Second Quarter of 2013

Marathon Oil Corporation announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues and other income of $4,106 million against $4,040 million a year ago. Income from operations was $1,480 million against $1,394 million a year ago. Income from operations before income taxes was $1,408 million against $1,344 million a year ago. Net income was $383 million or $0.54 basic and diluted per share against $417 million or $0.45 basic and diluted per share a year ago. Adjusted net income was $361 million or $0.51 diluted per share against $478 million or $0.55 diluted per share a year ago. Total capital expenditures were $1,270 million against $1,063 million a year ago. Cash flow from operations was $1,528 million. For the quarter, the company reported net production available for sale of 517 mboed. For the quarter, the company reported impairments of $38 million against $262 million a year ago. The company expects production available for sale in the second quarter of 2013 is expected to be lower than the first quarter. This anticipated decrease is a result of a planned turnaround in Equatorial Guinea, the disposition of the company's Alaska assets and anticipated field declines in Norway.

Marathon Oil Sands Mining Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2013; Provides Operating Guidance for the Second Quarter Ending June 30, 2013

Marathon Oil Sands Mining announced unaudited earnings and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported income of $38 million against $38 million a year ago. Capital expenditures were $30 million against $44 million a year ago. For the quarter, the company reported net production available for sale of 44 mboed. The company provides operating guidance for the second quarter ending June 30, 2013. For the second quarter, the company expects net production available for sale of 40 mboed to 44 mboed.

Macuga, Liddle & Dubin and Hertz Schram File Class Action Lawsuit Against Marathon Oil Company Following Oil Refinery Fire

Macuga, Liddle & Dubin and Hertz Schram announced that they filed a class action complaint on May 6, 2013 in Wayne County Circuit Court against Marathon Oil Company on behalf of area residents who were evacuated from their homes this past weekend's oil refinery fire. The complaint states that on April 27, 2013 at approximately 6 p.m., an explosion occurred at the Marathon Oil Refinery located at 1300 S. Fort Street in the City of Detroit. The complaint further asserts that the explosion and the subsequent fire caused thick, black smoke to blanket the surrounding residential area. According to complaint, residents up to a mile away reported feeling their homes shake from the explosions. Court documents state that authorities in Melvindale ordered a mandatory evacuation of about 3,000 residents, 1/3 of its population, within a 9-block area. Court documents further allege that the residents were not allowed to return to their homes for several hours while firefighters battled the blaze. The class action complaint seeks monetary damages in excess of $25,000.

 

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Industry Analysis

MRO

Industry Average

Valuation MRO Industry Range
Price/Earnings 16.1x
Price/Sales 1.6x
Price/Book 1.3x
Price/Cash Flow 5.0x
TEV/Sales 1.1x
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