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U.S. Resource Play
Focused E&P

1

Investors

Latest News Releases

Dec 11, 2018

Marathon Oil Corporation (NYSE: MRO) today announced encouraging early production results at an important four-well Middle Bakken pad in the Company's Ajax area of the Williston Basin in Dunn...

Nov 7, 2018

Marathon Oil Corporation (NYSE: MRO) today reported third quarter 2018 net income of $254 million, or $0.30 per diluted share, which includes the impact of certain items not typically represented...

Oct 30, 2018

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. The dividend is...

Sep 26, 2018

Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its third quarter 2018 earnings news release on Wednesday, Nov. 7, after the close of U.S. financial markets. The Company...

Aug 27, 2018

Marathon Oil Corporation (NYSE: MRO) announced today that Lee Tillman, Marathon Oil president and CEO, will present at the Barclays CEO Energy-Power Conference in New York on Wednesday, Sept. 5 at...

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P: +1.713.296.4103

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MARATHON OIL PLAYBOOK

MRO is focused on execution and we've made significant progress across every element of our playbook. We ended 2017 with a stronger balance sheet, a lower cost structure, a more concentrated portfolio, and an outstanding track record of consistent execution across all our assets.

Our 2018 capital allocation philosophy is fully consistent with how we managed the business in 2017, which is to deliver a returns-focused program that balances cash flow with our CapEx and dividend, and achieves that at a moderate oil price of $50 WTI while generating meaningful free cash flow at $60.

With over 90% of our 2018 development capital allocation associated with the U.S. resource plays, our margins will naturally expand as a greater percentage of our production is sourced from these high quality assets. This margin expansion story, coupled with outstanding financial flexibility, will help drive improvements in corporate cash returns and cash flow per debt-adjusted share. 

Strengthened
Balance Sheet
Our strong financial position is the foundation of our business and enables MRO to confidently execute on our strategy.
Relentless
Focus on Costs
At MRO, we've focused on lowering the cost structure across our entire business, and have continued to make significant progress.
Simplifying
And Concentrating Portfolio
We've transformed our portfolio as fast and as dramatically as anyone. Over 90% of our 2018 development capital is allocated to the U.S. resource plays.
Profitable
Growth Within Cash Flows
Production growth for MRO is an outcome of our disciplined capital allocation to the highest risk-adjusted return opportunities while living within our means.
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