Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, today announced that it has entered into a 15-year Water Gathering and Disposal Agreement with Marathon Oil Company, a subsidiary of Marathon Oil Corp. . Under the agreement, Bison will exclusively manage all of Marathon's produced water infrastructure, as well as [...]
Marathon Oil Corp. announced today it plans to issue its second quarter 2019 earnings news release on Wednesday, Aug. 7, after the close of U.S. financial markets. The Company will conduct a conference call, which will be webcast live, on Thursday, Aug. 8, at 9 a.m. ET. The call will include forward-looking information. All of the above [...]
Marathon Oil Corp. announced today the company has closed on the sale of its U.K. business, which consists of the Brae area fields and Foinaven, to RockRose Energy PLC. The transaction represents a complete country exit for Marathon Oil Corp.. Final terms of the transaction resulted in consideration payable to a subsidiary of Marathon Oil Corp. of [...]
Marathon Oil Corp. announced today it has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan, where first quarter 2019 production averaged 2,400 net barrels of oil equivalent per day . As previously disclosed, this divestiture represents a complete country exit for Marathon Oil Corp.. Including this transaction [...]
Prioritizing Return of Capital to Shareholders through Sustainable Free Cash Flow Generation Marathon Oil Corp. today reported first quarter 2019 net income of $174 million, or $0.21 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability [...]
Marathon Oil Corp. announced today that the Company's board of directors has declared a dividend of 5 cents per share on Marathon Oil Corp. common stock. The dividend is payable on June 10, 2019, to stockholders of record on May 15, 2019. For more information on Marathon Oil Corp., visit the Company's website at https://www.marathonoil.com. Media [...]
Marathon Oil Corp. announced today it plans to issue its first quarter 2019 earnings news release on Wednesday, May 1, after the close of U.S. financial markets. The Company will conduct a conference call, which will be webcast live, on Thursday, May 2, at 9 a.m. ET. The call will include forward-looking information. All of the above information [...]
Initial Step in Creating EG Gas Mega Hub Marathon Oil Corp. and its partners announced today they have executed the Definitive Agreements with the Government of the Republic of Equatorial Guinea and Alen Unit owners to process Alen Unit gas through Alba Plant LLC's liquefied petroleum gas processing plant and EG LNG's liquefied natural gas [...]
Marathon Oil Corp. announced today that Jason Few and Kent Wells have been elected to the Company's board of directors, effective April 1, 2019. "We welcome Jason and Kent to Marathon Oil's board of directors," said Chairman, President and CEO Lee Tillman. "They each bring unique and diverse experiences to the board and have a demonstrated track [...]
Marathon Oil Corp. announced today the Company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K. businesses Marathon Oil U.K. LLC and Marathon Oil West of Shetland Limited . The transaction represents a complete country exit for Marathon Oil. MOUK holds a 37 to 40 percent operated interest in fields in [...]
2019 Budget Organic Free Cash Flow Positive Above $45/BBL WTI; Returned Over 25% of 2018 Annual Operating Cash Flow to Shareholders Marathon Oil Corp. today announced its 2019 capital expenditure budget in addition to its fourth quarter and full-year 2018 financial results. The 2019 plan and 2018 financial and operating results together reflect [...]
Marathon Oil Corp. announced today that the Company's board of directors has declared a dividend of 5 cents per share on Marathon Oil Corp. common stock. The dividend is payable on March 11, 2019, to stockholders of record on Feb. 20, 2019. For more information on Marathon Oil Corp., visit the Company's website at https://www.marathonoil.com [...]
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