U.S. Resource Play
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Marathon Oil Corporation Reports First Quarter 2023 Results

May 3, 2023

Marathon Oil Corporation (NYSE: MRO) reported first quarter 2023 net income of $417 million or $0.66 per diluted share, which includes the impact of certain items not typically represented in...

Apr 26, 2023

Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corporation common stock. The dividend is...

Mar 30, 2023

Marathon Oil Corporation (NYSE: MRO), through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.)...

Mar 29, 2023

Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its first quarter 2023 earnings release on Wednesday, May 3, after the close of U.S. financial markets. The company will...

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$MRO Performance

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Framework for Success

Committed to our Framework

Corporate Returns
Portfolio transformation and focused capital allocation drive multi-year corporate returns improvement through capital efficient growth
Free Cash Flow
Sustainable free cash flow at conservative pricing
Return of Capital
Return of incremental capital to shareholders in addition to peer competitive dividend; funded through free cash flow; not dispositions
Differentiated Execution
Continuous improvement in capital efficiency and operating costs while enhancing our resource base; delivering on our commitments

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Multi-Basin Portfolio
Capital allocation flexibility, broad market access, supplier diversification, rapid sharing of best practices, platform for talent development
Balance Sheet Strength
Financial flexibility to execute businesss plan across broad range of pricing; current net debt/EBITDAX among lowest in peer group

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INVESTOR RELATIONS

Guy Baber
VP, Investor Relations

1.713.296.2022

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Karina Brooks
Communications Manager

1.713.296.2191

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