Marathon Oil Corporation - MRO STOCK NEWS

Marathon Oil (MRO) reported strong financial results for Q1 2022, with a net income of $1.3 billion and an adjusted free cash flow of $940 million. The company has returned 60% of its cash flow to investors through share repurchases and dividends, including $592 million in repurchases and a 15% dividend increase. Marathon Oil's Board authorized a share repurchase increase to $2.5 billion. Production averaged 345,000 boed, with adjusted free cash flow expected to exceed $4.5 billion for the year. The company also raised its Equatorial Guinea income guidance by $200 million.

Marathon Oil Corporation (NYSE: MRO) declared an 8 cents per share dividend on April 28, 2022, reflecting a 15% increase from the previous 7 cents per share. This dividend, payable on June 10, 2022, for stockholders of record on May 18, 2022, marks the fifth consecutive quarterly dividend increase, totaling a 167% rise since early 2021. The company emphasizes its commitment to returning cash flow to shareholders.

Marathon Oil Corporation (NYSE: MRO) has announced the release date for its first quarter 2022 earnings news, scheduled for May 4, after U.S. markets close. Alongside this, a live conference call will take place on May 5 at 9 a.m. ET, where the company will share forward-looking information. Investors and media can access all related materials through the company’s website. For further queries, media and investor relations contacts are provided.

Marathon Oil Corporation (NYSE: MRO) has announced the promotion of Rob L. White to Vice President, Controller, and Chief Accounting Officer, effective March 1, 2022. White, who has over 30 years of experience in oil and gas accounting, joined the company in 1991. He succeeds Gary Wilson, who is retiring after more than seven years. Chairman, President, and CEO Lee Tillman praised White's leadership and experience, indicating a smooth transition for the accounting organization.

Marathon Oil Corporation (NYSE:MRO) reported a fourth quarter 2021 net income of $649 million ($0.84 per share), with adjusted net income of $592 million ($0.77 per share). The company returned over 70% of cash flow to equity investors, executing $1 billion in share buybacks, reducing shares by 8%. Full year 2021 net income reached $946 million with free cash flow of $2.2 billion. For 2022, a capital budget of $1.2 billion is planned, expecting over $3 billion in free cash flow. Marathon aims for flat production while enhancing ESG objectives, including significant GHG and methane intensity reductions.

Marathon Oil Corporation (NYSE: MRO) has announced a dividend of 7 cents per share, payable on March 10, 2022, to shareholders of record as of February 16, 2022. This marks the fourth consecutive increase in their quarterly base dividend, bringing the total increase over the past year to more than 130%. The company emphasizes its commitment to providing a sustainable and competitive dividend, aligning with shareholder returns from cash flow.

Marathon Oil Corporation (MRO) will announce its fourth quarter and full-year 2021 earnings on February 16, post-market. A conference call is scheduled for February 17 at 9 a.m. ET, which will include forward-looking information. Investors can access earnings releases and other materials on their website. These announcements will provide insights into the company's financial performance, EPS, and potential guidance for future growth.

Marathon Oil Corporation (NYSE:MRO) reported a third quarter 2021 net income of $184 million, or $0.23 per diluted share, with an adjusted net income of $310 million, or $0.39 per diluted share. The company generated $478 million in free cash flow during the quarter, totaling over $1.3 billion year-to-date. They maintained a $1 billion capital expenditure budget and reduced gross debt by $1.4 billion, enhancing financial health. The quarterly dividend rose to $0.06 per share, marking a 100% increase since 2020. Share repurchases of $500 million are expected in Q4.