MRO - Dividend announcements

ConocoPhillips (NYSE:COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE:MRO). "This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework," said Ryan Lance, chairman and chief executive officer. "Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1 billion on a run rate basis in the next 12 months." In accordance with the terms of the merger agreement, each share of Marathon Oil

HOUSTON, Oct. 30, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Dec. 10, 2024, to stockholders of record on Nov. 15, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in

HOUSTON, July 31, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Sept. 10, 2024, to stockholders of record on Aug. 21, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian i

HOUSTON, April 24, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on June 10, 2024, to stockholders of record on May 15, 2024. About Marathon Oil Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in

HOUSTON, March 26, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) (the "Company") announced today that it has priced an offering of senior notes in an aggregate amount of $1.2 billion, consisting of $600 million principal amount of its 5.300% Senior Notes due 2029 and $600 million principal amount of its 5.700% Senior Notes due 2034. The Company intends to use the net proceeds from the offering, together with cash on hand, to fund the repayment in full of outstanding borrowings under the Company's term loan facility. The offering is expected to close on March 28, 202

Delivered $1.7 Billion of Shareholder Returns and $500 Million of Gross Debt Reduction HOUSTON, Feb. 21, 2024 /PRNewswire/ -- 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 million before changes in working capital (adjusted CFO). Free cash flow was $2,029 million, or $2,182 million before changes in working capital and including Equatorial Guin

HOUSTON, Jan. 31, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 11, 2024, to stockholders of record on Feb. 21, 2024. About Marathon Oil Marathon Oil (NYSE:MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in New Mexico

Over $830 Million of Shareholder Distributions in First Half 2023 HOUSTON, Aug. 2, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) reported second quarter 2023 net income of $287 million or $0.47 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 $295 million or $0.48 per diluted share. Net operating cash flow was $1,076 million or $1,121 million before changes in working capital (adjusted CFO). Free cash flow was $442 million or $531 million before changes in working capital and including Equatorial Guinea (E.G.) distributions and o

Returned $400 Million to Shareholders and Completed Ensign Integration HOUSTON,, May 3, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported first quarter 2023 net income of $417 million or $0.66 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 $420 million or $0.67 per diluted share. Net operating cash flow was $865 million or $942 million before changes in working capital (adjusted CFO). Free cash flow was $333 million or $309 million before changes in working capital and including Equatorial Guinea (E.G.) distributions and ot

HOUSTON, April 26, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corporation common stock. The dividend is payable on June 12, 2023, to stockholders of record on May 17, 2023. About Marathon Oil Marathon Oil (NYSE:MRO) is an independent oil and gas exploration and production company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma and Permian in New Mexico, complem

HOUSTON, March 30, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO), through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy E.G. Ltd, a Chevron company, to progress the next phases (Phases II and III) in the development of the Equatorial Guinea Regional Gas Mega Hub (GMH).  "We are excited about this critical milestone in the ongoing development of Punta Europa as a world-class hub for the monetization of local and regional natural gas," said Lee Til

Returned $3 Billion of Capital to Shareholders in 2022 HOUSTON, Feb. 15, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported full year 2022 net income of $3,612 million, or $5.26 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 $3,078 million, or $4.48 per diluted share. Net operating cash flow was $5,428 million, or $5,410 million before changes in working capital (adjusted CFO). Free cash flow was $3,978 million, or $3,947 million before changes in working capital and including Equatorial Guinea (E.G.) distributions (adjusted

HOUSTON, Jan. 25, 2023 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Mar. 10, 2023, to stockholders of record on Feb. 15, 2023. "This 11% base dividend increase is fully supported by the incremental cash flow generation capacity from our recent acquisition of the Eagle Ford assets of Ensign Natural Resources," said chairman, president and CEO Lee Tillman. "This marks the seventh increase to our base divid

Expanding Basin Scale with Financial and Inventory Accretion HOUSTON, Nov. 2, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced it has entered into a definitive purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of $3.0 billion. The transaction is subject to customary terms and conditions, including closing adjustments, and is expected to close by year-end 2022. Highlights Immediate double-digit accretion to key financial metrics and shareholder distributions consistent with Return of Capital Framework;

 $1.2 Billion Returned to Shareholders in Third Quarter HOUSTON, Nov. 2, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported third quarter 2022 net income of $817 million or $1.22 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 $832 million or $1.24 per diluted share. Net operating cash flow was $1,556 million or $1,440 million before changes in working capital (adjusted CFO). Free cash flow was $1,126 million or $1,031 million before changes in working capital and including E.G. distributions (adjusted FCF).

HOUSTON, Oct. 26, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 9 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Dec. 12, 2022, to stockholders of record on Nov. 16, 2022. "This is the sixth increase to our base dividend in the last seven quarters, representing a 200% increase since the beginning of 2021, consistent with our commitment to pay a competitive and sustainable base dividend," said Chairman, President and CEO Lee Tillman. "This latest 13%

Record Quarterly Free Cash Flow and over $1.7 Billion of YTD Shareholder Distributions HOUSTON, Aug. 3, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported second quarter 2022 net income of $966 million, or $1.37 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 $934 million, or $1.32 per diluted share. Net operating cash flow was $1,678 million, or $1,586 million before changes in working capital (adjusted CFO). Free cash flow was $1,323 million, or $1,213 million before changes in working capital and including E.G. distributio

HOUSTON, July 27, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 8 cents per share on Marathon Oil Corporation common stock. The dividend is payable on September 12, 2022, to stockholders of record on August 17, 2022. For more information on Marathon Oil Corporation, visit the Company's website at https://www.marathonoil.com. Media Relations Contact:Kathy Sauvé, 713-296-3915 Investor Relations Contacts:Guy Baber: 713-296-1892John Reid: 713-296-4380 View original content to download m

Continuing to Prioritize Return of Capital with $900 Million of YTD Share Repurchases and Fifth Consecutive Base Dividend Raise HOUSTON, May 4, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported first quarter 2022 net income of $1,304 million, or $1.78 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. The adjusted net income was $749 million, or $1.02 per diluted share. Net operating cash flow was $1,067 million, or $1,280 million before changes in working capital.

HOUSTON, April 28, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the company's board of directors has declared a dividend of 8 cents per share on Marathon Oil Corporation common stock. This represents an approximate 15% increase from the company's last quarterly base dividend payment of 7 cents per share. The dividend is payable on June 10, 2022, to stockholders of record on May 18, 2022. "This is the fifth consecutive increase to our quarterly base dividend, representing a cumulative  increase of 167% since the beginning of 2021, consistent wit

HOUSTON, Jan. 26, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 7 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 10, 2022, to stockholders of record on February 16, 2022. "This is the fourth consecutive increase to our quarterly base dividend," said Chairman, President, and CEO Lee Tillman. "Over the last year, we have now increased our base dividend by more than 130%, consistent with our commitment to pay a competitive and sustainable base di

HOUSTON, Nov. 3, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported third quarter 2021 net income of $184 million, or $0.23 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. The adjusted net income was $310 million, or $0.39 per diluted share. Net operating cash flow was $816 million, or $775 million before changes in working capital. Highlights Strong financial performance highlighted by third quarter free cash flow generation of $478

HOUSTON, Oct. 27, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 6 cents per share on Marathon Oil Corporation common stock. This represents a 20% increase from the Company's last quarterly base dividend payment of 5 cents per share. The dividend is payable on December 10, 2021, to stockholders of record on November 17, 2021. "This is the third consecutive increase to our quarterly base dividend, representing a cumulative 100% increase since the end of last year," said Chairman, Presiden

HOUSTON, Aug. 4, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported second quarter 2021 net income of $16 million, or $0.02 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. The adjusted net income was $173 million, or $0.22 per diluted share. Net operating cash flow was $655 million, or $701 million before changes in working capital. Highlights Strong financial performance highlighted by $420 million of second quarter free cash flow ge

HOUSTON, July 28, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company's board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock. This represents an increase from the Company's last quarterly base dividend payment of 4 cents per share. The dividend is payable on September 10, 2021, to stockholders of record on August 18, 2021. "We are pleased to announce an increase to our quarterly base dividend for the second time this year," said Chairman, President and CEO Lee Tillman. "We remain fully co

HOUSTON, April 29, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that the Company fully redeemed its $500 million aggregate principal amount of 2.8% Senior Notes Due 2022. This transaction will reduce annual cash interest expense by $14 million. Marathon Oil also announced today that the Company's board of directors has declared a dividend of 4 cents per share on Marathon Oil Corporation common stock. The dividend is payable on June 10, 2021, to stockholders of record on May 19, 2021. "We have swiftly followed through on our commitment to reduce our

HOUSTON, Feb. 22, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) reported a fourth quarter 2020 net loss of $338 million, or $0.43 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. The adjusted net loss was $98 million, or $0.12 per diluted share. Net operating cash flow was $418 million, or $428 million before changes in working capital. Marathon Oil reported full year 2020 net loss of $1,451 million, or $1.83 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise af

HOUSTON, Jan. 27, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 3 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 10, 2021, to stockholders of record on February 17, 2021. For more information on Marathon Oil Corporation, visit the Company's website at https://www.marathonoil.com. Media Relations Contact:Stephanie Gentry: 832-206-3746 Investor Relations Contacts:Guy Baber: 713-296-1892John Reid: 713-296-4380 SOURCE Marathon Oil Corporation Related Links https://www.marathonoil.com