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In the latest trading session, Marathon Oil (MRO) closed at $29.68, marking a +1.37% move from the previous day.
HOUSTON , April 2, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its first quarter 2024 earnings release on Wednesday, May 1, after the close of U.S. financial markets. The company will conduct a conference call via live webcast, on Thursday, May 2, at 9 a.m.
Marathon Oil (MRO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Marathon Oil shares have soared year-to-date due to high petroleum prices. The company is a concentrated resource play with major production in several U.S. shale basins where oil production grew 28% in FY 2023. Marathon Oil generates significant free cash flow and is set to aggressively buy back shares in FY 2024.
In the closing of the recent trading day, Marathon Oil (MRO) stood at $27.10, denoting a -0.37% change from the preceding trading day.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock?
In the most recent trading session, Marathon Oil (MRO) closed at $26.26, indicating a +1.39% shift from the previous trading day.
Healthy oil prices raise the incentive to keep tabs on upstream firms like Matador (MTDR), Marathon Oil (MRO) and Magnolia (MGY).