Last $40.81 USD
Change Today +0.14 / 0.34%
Volume 3.2M
MRO On Other Exchanges
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As of 3:12 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

marathon oil corp (MRO) Snapshot

Open
$40.68
Previous Close
$40.67
Day High
$40.98
Day Low
$40.51
52 Week High
08/27/14 - $40.98
52 Week Low
02/6/14 - $31.57
Market Cap
27.5B
Average Volume 10 Days
5.2M
EPS TTM
$1.99
Shares Outstanding
674.5M
EX-Date
08/18/14
P/E TM
20.5x
Dividend
$0.84
Dividend Yield
1.91%
Current Stock Chart for MARATHON OIL CORP (MRO)

marathon oil corp (MRO) Details

Marathon Oil Corporation operates as an energy company worldwide. The company’s North America Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas in North America. Its International Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas in Angola, Equatorial Guinea, Ethiopia, Gabon, Kenya, the Kurdistan Region of Iraq, Libya, Norway, and the United Kingdom; and produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol in Equatorial Guinea. 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, 2013, it had rights to participate in developed and undeveloped leases totaling approximately 32,000 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.

3,359 Employees
Last Reported Date: 02/28/14
Founded in 1887

marathon oil corp (MRO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $4.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $947.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $1.3M
Vice President of North America Production Op...
Total Annual Compensation: $918.2K
Vice President of International & Offshore Ex...
Total Annual Compensation: $766.9K
Compensation as of Fiscal Year 2013.

marathon oil corp (MRO) Key Developments

Marathon Oil Corporation Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter Ended June 30, 2014; Provides Production Guidance for the Third Quarter and Full Year of 2014; Reports Impairments for the Second Quarter Ended June 30, 2014

Marathon Oil Corporation reported unaudited consolidated earnings and production results for the second quarter ended June 30, 2014. For the quarter, the company reported adjusted net income of $603 million, or $0.89 per diluted share, compared to adjusted net income in the second quarter of 2013 of $478 million, or $0.67 per diluted share. Net income was $540 million or $0.80 per diluted share against $426 million or $0.60 per diluted share a year ago. Total revenues and other income was $2,941 million against $2,990 million a year ago. Income from operations was $587 million against $871 million a year ago. Income from continuing operations before income taxes was $511 million against $804 million a year ago. Income from continuing operations was $360 million or $0.53 per diluted share against $241 million or $0.34 per diluted share a year ago. Capital expenditures was $1,423 million against $1,257 million a year ago. Cash flow from operations was $1,088 million against $868 million a year ago. For the quarter, the company’s production available for sale from continuing operations (excluding Libya) averaged 383,000 net boed, compared to the second quarter of 2013 average of 361,000 net boed. The increase in the second quarter of 2014 was driven by North America E&P's continued growth in the U.S. resource plays, partially offset by the shut-in of Powder River Basin operations and Gulf of Mexico decline. International E&P production available for sale (excluding Libya and discontinued operations) for the second quarter of 2014 was lower compared to the second quarter of 2013 primarily as a result of significant unplanned downtime at the non-operated Foinaven field, natural decline within the Brae fields and planned and unplanned maintenance activities that lowered operational availability across the Brae complex, partially offset by increased volumes in Equatorial Guinea. Oil Sands Mining (OSM) production available for sale for the second quarter of 2014 was essentially flat compared to the second quarter of 2013. Volumes in the second quarter of 2014 were slightly below previous guidance as a result of reliability issues at the mine. For the third quarter of 2014, the company continues to expect growth in North America E&P production available for sale, driven by double-digit sequential quarter growth from the aggregate U.S. resource plays. International E&P production available for sale (excluding Libya) is expected to remain essentially flat in the third quarter, reflecting higher anticipated uptime at Foinaven, offset by reductions at Brae due to planned maintenance activities at the outside-operated Forties Pipeline System. Third quarter OSM production is expected to increase from second quarter volumes benefiting from higher beginning bitumen inventories and full operational availability of the upgrader. The revised full-year guidance for production available for sale from the combined North America E&P and International E&P segments (excluding Libya) has been updated to 345,000 to 360,000 net boed. This guidance reflects a greater than 30% year-over-year growth rate in the U.S. resource plays. Full-year 2014 production guidance for the OSM segment has been lowered to 37,000 to 42,000 net barrels per day (bbld) of synthetic crude oil reflecting the first half of the year actual performance. For the second quarter ended June 30, 2014, the company reported impairments of $4 million.

Marathon Oil Corporation Announces 11% Increase in Quarterly Dividend Payable on Sept. 10, 2014

Marathon Oil Corporation announced that the Company's board of directors has approved an 11% increase in the quarterly dividend payable on Marathon Oil Corporation common stock, resulting in a new quarterly dividend rate of 21 cents per share. The dividend is payable on Sept. 10, 2014 to stockholders of record on Aug. 20, 2014.

Investors to Collect in Marathon Case $467,709 Award Filed Against Marathon Ashland Petroleum LLC, Speedway Superamerica LLC and Marathon Oil Co. Tied to Gas Stations Reduced to Blight

Nearly two years after a jury ruled in their favor, a group of investors entangled in a lawsuit with Marathon Oil over damaged properties can collect nearly half a million dollars. Bitler Investment Venture LLC, Melching Investment Venture LLC, and Two Portland Properties LLC sued Marathon Ashland Petroleum LLC, Speedway Superamerica LLC and Marathon Oil Co. in December 2004. In their 28-count lawsuit, the plaintiffs claimed that properties they leased to the defendants as commercial gas stations in a number of Michigan and Indiana locations including Angola, Huntington, Ligonier and North Manchester, among others were damaged and left in deplorable conditions by Marathon. After years of bickering back and forth between one another in motions and requests for summary judgment more than 304 entries were filed in the case docket - six properties remained by November, with 22 having been dismissed in favor of Marathon. Those properties in Angola and North Manchester in Indiana, and in Coldwater, Battle Creek, Portland and Owosso in Michigan were the subject of a six-day jury trial in November 2012. At issue was whether the defendants damaged the properties by committing waste and whether the company needed to pay damages to the investors. The U.S. District Court jury in Fort Wayne found that Marathon had damaged the properties, and it awarded $274,000 in damages in amounts ranging from $13,200 for the Coldwater, Michigan, property to $75,800 to the North Manchester property. The jury also found that the investors were not entitled to punitive damages concerning the Angola and North Manchester properties, according to court documents. Even though the investors won their lawsuit, the awarding of the judgment was on hold while the U.S. Court of Appeals reviewed the matter and a modification to the damage award for the sites in Michigan. With those adjustments, the amount of money now owed to the investors is $467,709.08, not including interest. Late last week, the court entered a final judgment order in the case, according to court records.

 

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MRO

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Valuation MRO Industry Range
Price/Earnings 14.5x
Price/Sales 1.9x
Price/Book 1.4x
Price/Cash Flow 4.8x
TEV/Sales 1.4x
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