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U.S. Resource Play
Focused E&P

1

Investors

Latest News Releases

Jun 25, 2018

Marathon Oil Corporation (NYSE: MRO) announced today that effective July 9, Zach Dailey will assume the role of Advisor to the President and CEO, Lee Tillman. "Zach's new role as advisor reflects...

Jun 7, 2018

HOUSTON, June 07, 2018 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its second quarter 2018 earnings news release on Wednesday, Aug. 1, after the...

May 10, 2018

HOUSTON, May 10, 2018 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) and its partners announced today they have executed a Heads of Agreement with the Government of the Republic of...

May 2, 2018

HOUSTON, May 02, 2018 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE:MRO) today reported first quarter 2018 net income of $356 million, or $0.42 per diluted share, which includes the impact of...

Apr 26, 2018

HOUSTON, April 26, 2018 (GLOBE NEWSWIRE) -- 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...

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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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