$MRO (Marathon Oil Corporation)

$MRO {{ '2016-02-18T14:21:49+0000' | timeago}} • Webcast

$MRO said, in addition to the Equatorial Guinea compression project, it expects first oil in 2016 from investments in two outside operated projects; Gunflint in the Gulf of Mexico and Atrush in the Kurdistan region of Iraq. The company forecasts about $40MM of sustaining CapEx towards its non-operating working interest in the Oil Sands in 2016.

$MRO {{ '2017-07-13T21:35:04+0000' | timeago}} • Announcement

Energy company $MRO has priced an offering of $1Bil of its 4.4% senior notes due July 15, 2027. The price for public is 99.634% of the principal amount. The company will use the net proceeds from the offering to redeem debt. The offering is expected to close on July 24, 2017, subject to customary closing conditions.

$MRO {{ '2017-06-02T11:49:33+0000' | timeago}} • Announcement

$MRO closed the acquisition of approx. 21,000 net surface acres in the Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700MM. The transaction effective date is March 1, 2017. Combined with the acquisition from BC Operating, $MRO's total position in the Permian Basin is 91,000 net surface acres.

$MRO {{ '2017-05-05T18:16:46+0000' | timeago}} • Webcast

$MRO still sees FY17 to be "very volatile probably in a tighter band" going by the OPEC trend. As Marathon Oil posted its 1Q17 results, it plans to advance near-term activity and appraisal plans through the rest of the year, with the majority of the activity targeting Bone Spring and Wolfcamp intervals.

$MRO {{ '2017-05-05T10:31:13+0000' | timeago}} • Announcement

$MRO lifted 2017 E&P production guidance range primarily due to the inclusion of production from Northern Delaware acquisitions. For 2017, $MRO sees production available for sale from combined North America and International E&P segments, excluding Libya, to average 340,000 to 360,000 net boed, about 6% higher than 2016.

$MRO {{ '2017-05-05T10:29:41+0000' | timeago}} • Announcement

$MRO expects 2Q17 North America E&P production available for sale to average 210,000 to 220,000 net boed. International E&P production available for sale, excluding Libya, is expected to be within a range of 120,000 to 130,000 net boed for 2Q17.

$MRO {{ '2017-05-05T10:25:58+0000' | timeago}} • Announcement

$MRO reported a wider loss in 1Q17 due to impairment charge from discontinued operations. Net loss widened to $4.96Bil or $5.84 per share from $407MM from 0.56 per share last year. Revenue grew to $1.07Bil from $570MM. Adjusted loss per share narrowed to $0.07 from $0.43.

$MRO {{ '2017-04-26T21:45:39+0000' | timeago}} • Announcement

$MRO BoD declared a dividend of 5 cents per share on common stock, payable on June 12, 2017, to stockholders of record on May 17, 2017.

$MRO {{ '2017-03-21T11:55:45+0000' | timeago}} • Announcement

$MRO entered into a definitive agreement to acquire approx. 21,000 net surface acres in Permian's Northern Delaware basin of New Mexico from Black Mountain Oil & Gas for approx. $700MM in cash, excluding closing adjustments. The company expects to close the transaction in 2Q17,  effective March 1, 2017.

$MRO {{ '2017-03-09T13:46:42+0000' | timeago}} • Announcement

$MRO also agreed to buy about 70,000 net surface acres in the Permian basin from BC Operating, Inc. and other entities for $1.1Bil in cash, excluding closing adjustments. The acquisition includes 51,500 acres in the Northern Delaware basin of New Mexico, and current production of about 5,000 net barrels of oil equivalent per day (boed).

$MRO {{ '2017-03-09T13:46:17+0000' | timeago}} • Announcement

$MRO agreed to sell its Canadian subsidiary, which includes its 20% non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Ltd. for $2.5Bil in cash, excluding closing adjustments.

$MRO {{ '2017-02-24T12:34:07+0000' | timeago}} • Announcement

$MRO appoints Dane Whitehead as executive vice president and chief financial officer, effective March 6. The company has named Patrick J Wagner as the interim chief financial officer.

$MRO {{ '2017-02-16T16:20:07+0000' | timeago}} • Webcast

With regards to the cash priorities, $MRO said that it doesn't believe that value is being generated to the shareholders through returning cash in the form of a dividend. The company will continue to evaluate this decision in the future as its business continues to grow.

$MRO {{ '2017-02-16T16:14:05+0000' | timeago}} • Webcast

$MRO said that it is tracking the risks related to staffing and infrastructure with regards to the execution plan in the three resource plays. The company said that it is ahead of the plan in all of the major objectives. $MRO is not facing any difficulties in sourcing human resource and on the infrastructure side.

$MRO {{ '2017-02-16T15:36:27+0000' | timeago}} • Webcast

$MRO said that CapEx for 2016 totaled $1.1Bil, down $300MM from its original budget. $MRO expects to exit 2017 with about 13 rigs in operation in Oklahoma. The company also plans to increase the capital allocation in Bakken area.

$MRO {{ '2017-02-16T14:18:34+0000' | timeago}} • Announcement

$MRO announced a 2017 capital program of $2.2Bil with over 90% allocated to its high return U.S. resource plays. $MRO will allocate $2Bil to the U.S. resource plays, which will be split about one-third to each of the three basins with Oklahoma's strategic objectives occupying the company's first call on capital.

$MRO {{ '2017-02-15T23:30:07+0000' | timeago}} • Announcement

$MRO's total company production averaged 396,000 net boed, including Libya in 4Q16. Oklahoma Resource Basins' production was up 10% sequentially and more than 60% YonY, while Eagle Ford oil production grew sequentially, achieving record low completed well costs.

$MRO {{ '2017-02-15T23:24:42+0000' | timeago}} • Announcement

Energy company $MRO posted a widened loss for 4Q16, driven by lower revenue. Net loss widened to $1,371MM or $1.62 loss per share from net loss of $793MM or $1.17 loss per share a year ago. Total revenues decreased 5.83% to $1.38Bil from $1.47Bil. Excluding items, $MRO posted a loss per share of $0.10 per share.

$MRO {{ '2017-01-26T11:19:56+0000' | timeago}} • Announcement

$MRO's BoD declared a dividend of $0.05 per share on its common stock. The dividend is payable on March 10, 2017, to stockholders of record on Feb. 15, 2017.

$MRO {{ '2016-11-03T14:18:57+0000' | timeago}} • Webcast

In $MRO’s non-core asset program, there are some assets outside the resource plays, which are smaller in scale and are non-strategic. The company completed a strong investment cycle in the larger asset, Equatorial Guinea, and is looking to build on this. $MRO believes this is a core asset as it provides significant free cash flows.

$MRO {{ '2016-11-03T14:07:40+0000' | timeago}} • Webcast

$MRO said the conventional component of its portfolio in areas like Equatorial Guinea and Oil Sands Mining (OSM) are providing significant free cash flow that allows the company to redeploy into the uncoventional business. $MRO anticipates about 90% of its capital program will be allocated to the resource plays in 2017.

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