U.S. markets open in 8 hours 43 minutes
  • S&P Futures

    3,760.25
    -5.25 (-0.14%)
     
  • Dow Futures

    30,843.00
    -35.00 (-0.11%)
     
  • Nasdaq Futures

    12,431.00
    -24.00 (-0.19%)
     
  • Russell 2000 Futures

    2,138.90
    -5.60 (-0.26%)
     
  • Crude Oil

    64.37
    +0.54 (+0.85%)
     
  • Gold

    1,692.40
    -8.30 (-0.49%)
     
  • Silver

    25.29
    -0.17 (-0.67%)
     
  • EUR/USD

    1.1963
    -0.0016 (-0.13%)
     
  • 10-Yr Bond

    1.5500
    -1.5500 (-100.00%)
     
  • Vix

    28.57
    -26.67 (-100.00%)
     
  • GBP/USD

    1.3888
    -0.0006 (-0.04%)
     
  • USD/JPY

    108.0750
    +0.0990 (+0.09%)
     
  • BTC-USD

    47,221.44
    -2,313.09 (-4.67%)
     
  • CMC Crypto 200

    942.97
    -44.24 (-4.48%)
     
  • FTSE 100

    6,650.88
    -24.59 (-0.37%)
     
  • Nikkei 225

    28,660.49
    -269.62 (-0.93%)
     

Marathon Oil: Q4 Earnings Insights

  • Oops!
    Something went wrong.
    Please try again later.
Benzinga Insights
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Marathon Oil (NYSE:MRO) rose in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 271.43% over the past year to ($0.12), which beat the estimate of ($0.20).

Revenue of $830,000,000 declined by 31.69% year over year, which missed the estimate of $838,050,000.

Guidance

Marathon Oil Announces FY21 Capex Budget Of $1B, Targeting $500M Of Gross Debt Reduction

Technicals

Company's 52-week high was at $10.60

View more earnings on MRO

52-week low: $3.02

Price action over last quarter: Up 140.09%

Company Description

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2019, the company reported net proved reserves of 1.2 billion barrels of oil equivalent. Net production averaged 415 thousand barrels of oil equivalent per day in 2019 at a ratio of 68% oil and NGLs and 32% natural gas.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.