Marathon Oil Corp.

Marathon Oil Corp. announced today that it sent an irrevocable notice of its intention to fully redeem its currently outstanding $500 million aggregate principal amount of 2.8% Senior Notes Due 2022 on April 29, 2021 . This transaction will reduce gross debt by $500 million and annual cash interest expense by $14 million. "Today's announcement [...]

Marathon Oil Corp. announced today that Holli C. Ladhani has been elected to the Company's board of directors, effective March 31, 2021. "We are pleased to welcome Holli to Marathon Oil's board of directors," said Chairman, President and CEO Lee Tillman. "We believe Holli's leadership track record, strong financial background, and energy industry [...]

$1B Maintenance Budget Continues to Prioritize FCF and Balance Sheet Strength Marathon Oil Corp. 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 [...]

Marathon Oil Corp. announced today it is rescheduling its fourth quarter and full-year 2020 earnings release and conference call. The Company plans to issue its fourth quarter and full-year 2020 earnings news release on Monday, Feb. 22, after the close of U.S. financial markets. The company will conduct a conference call, which will be webcast [...]

Marathon Oil Corp. today announced an update regarding its environmental, social, and governance performance, including significant changes to its executive compensation framework as well as new quantitative greenhouse gas emissions reduction initiatives. The Company believes continuously improving all elements of its ESG performance is essential [...]

Marathon Oil Corp. announced today that the Company's board of directors has declared a dividend of 3 cents per share on Marathon Oil Corp. common stock. The dividend is payable on March 10, 2021, to stockholders of record on February 17, 2021. For more information on Marathon Oil Corp., visit the Company's website at https://www.marathonoil.com [...]

Marathon Oil Corp. announced today it plans to issue its fourth quarter and full-year 2020 earnings news release and details of the company's 2021 capital program on Wednesday, Feb. 17, after the close of U.S. financial markets. The company will conduct a conference call, which will be webcast live, on Thursday, Feb. 18, at 9 a.m. ET. The call will [...]

Marathon Oil Corp. announced today that Brent Smolik has been elected to the Company's board of directors, effective January 11, 2021. "We are pleased to welcome Brent to Marathon's board of directors," said Chairman, President and CEO Lee Tillman. "The addition of Brent complements our board of directors' skills and experiences, and we believe he [...]

Marathon Oil Corp. announced today that Kimberly Warnica has been appointed senior vice president and general counsel, with an anticipated effective date of January 11, 2021. "We are pleased to welcome Kim back to Marathon Oil leading our legal function," said Chairman, President and CEO Lee Tillman. "Kim's experience in the energy industry and her [...]

Significant Free Cash Flow through Differentiated Capital Efficiency Marathon Oil Corp. today reported a third quarter 2020 net loss of $317 million, or $0.40 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 [...]