|Bid||0.00 x 21500|
|Ask||12.61 x 2900|
|Day's Range||12.50 - 12.76|
|52 Week Range||11.06 - 18.93|
|Beta (3Y Monthly)||2.31|
|PE Ratio (TTM)||11.57|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||0.20 (1.59%)|
|1y Target Est||17.54|
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterLibya’s state energy company approved French oil giant Total SA’s acquisition of Marathon Oil Corp.’s assets in the North African country in a deal that could boost the OPEC nation’s production capacity.Total is buying Marathon Oil’s minority stake in the Waha concessions for $450 million, according to a statement by Libya’s National Oil Corp. The Paris-based producer has committed to invest an additional $650 million in Waha and boost capacity by 180,000 barrels a day, NOC said.“After successful negotiations with Total, I am pleased to report that NOC approves this deal,” the state company’s chairman, Mustafa Sanalla, said in the statement.Total Chief Executive Officer Patrick Pouyanne said in a statement the company would “engage resolutely with NOC and Waha Oil Company in order to invest, optimize the infrastructure and develop new reserves for the benefit of all parties.”Libya has Africa’s largest proven oil reserves and relies on crude for most of its revenue, but it has been convulsed by violence since the 2011 overthrow of dictator Moammar Al Qaddafi. The conflict has caused repeated outages in oil supply. Output from the El-Feel oil field in southwestern Libya halted earlier this month in what Sanalla then called a “criminal” act.The French giant, which has a long history of operating in Libya, said in March last year it had acquired Marathon Oil’s 16.3% stake in the large Waha Concessions but the NOC has since then said the deal was still pending approval.The NOC has 59.18% of the Waha concessions, with Total and ConocoPhillips each holding 16.33% and Hess Corp. the remaining stake. The Waha concessions currently pump about 300,000 barrels a day.Libya is exempt from the output cuts that the Organization of Petroleum Exporting Countries and its allies agreed last week to extend until the end of March. The country currently produces 1.1 million barrels a day and plans to ramp up output to 1.5 million barrels by the end of 2020, Sanalla said last week.(Updates with background throughout, Total statement, quotes from Sanalla.)To contact the reporter on this story: Salma El Wardany in Cairo at firstname.lastname@example.orgTo contact the editors responsible for this story: Nayla Razzouk at email@example.com, Helen Robertson, Michael GunnFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
STOCKSTOWATCHTODAY BLOG Into the Red. The three major U.S. stock market indexes fell after the latest manufacturing data came in worse than expected and showed that the sector contracted for the fourth straight month.
The three major U.S. stock market indexes dropped as China labelled President Donald Trump’s signing of bills supporting protesters in Hong Kong.
Pilot Flying J is targeting small trucking fleets with a new fueling network aligned with brands like Marathon Oil's Speedway commercial fueling locations. "The truck stop industry as a whole has focused on larger and midsized companies," Pilot Flying J CEO Jimmy Haslam said on a conference call Tuesday, Nov. 19. The One9 Fuel Network is named after Channel 19, the primary citizens band (CB) radio channel used by professional drivers across North America.
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their third-quarter earnings reports.
While the commodity pricing scenario continues to be challenging, both EOG Resources (EOG) and Occidental Petroleum (OXY) benefited from higher year-over-year production.
The energy sector consists of stocks related to the production and supply of energy around the world. Among energy sector companies are upstream firms—those involved in the exploration and production of oil or gas reserves—like EOG Resources (EOG). Also in the sector are downstream companies that refine and process oil and gas products for delivery to consumers, including HollyFrontier (HFC).
Marathon Oil (MRO) delivered earnings and revenue surprises of 250.00% and 6.44%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Marathon Oil Corp reported a 44.5% fall in quarterly adjusted profit on Wednesday, as weak crude and gas prices limited gains from higher output in its U.S. shale basins. The results were similar to those from fellow shale producers that signaled the hit from weak commodity prices due to record output from the United States and pressure on demand from the global trade war. U.S crude oil and condensate prices were down about 20% on average for Marathon, while internationally it fell 28%.
7th Consecutive Quarter of Free Cash Flow Supports Ongoing Return of Capital to Shareholders; Added Over 1,000 Operated Locations Through Comprehensive Resource Capture Framework HOUSTON , Nov. 6, 2019 ...
Don't be caught off-guard: Marathon Oil (NYSE: MRO ) releases its next round of earnings this Wednesday, November 6. Want to skip the homework and get all the facts in one place? We thought so. Here is ...
Marathon Oil (MRO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Lower commodity prices and higher lease operating expenses are likely to reflect on Earthstone Energy's (ESTE) third-quarter 2019 results.
Chesapeake Energy's (CHK) moves to increase the proportion of oil in the volume mix are likely to have strengthened third-quarter 2019 earnings.
Strong operational performance at Marathon Oil's (MRO) US resource basin division and lower production costs are expected to have aided the company's Q3 results.
HOUSTON , Oct. 30, 2019 /PRNewswire/ -- 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 ...
Marathon Oil (MRO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Marathon Oil Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.