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Marathon Oil Corporation (MRO)

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  • Nov. 17, 2014, 3:59 PM
  • Sep. 8, 2014, 6:43 PM
  • Jul. 14, 2014, 2:21 PM
  • Jun. 24, 2013, 8:48 AM
    Sinopec (SNP) agrees to buy a 10% stake in a Marathon Oil (MRO) Angolan offshore oil and gas field for $1.52B. Adding overseas assets should be good news for SNP and its parent China Petrochemical, as upstream businesses traditionally provide better margins, an analyst says, but Chinese energy stocks likely will fall today on broader concerns over China's economy.
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  • Apr. 25, 2013, 10:43 AM
    Cobalt Energy (CIE +1.8%), which has doubled in value since going public in 2009 but still trades at a substantial discount to the value of its underlying assets, is turning into a takeover target for energy companies attracted to its oil finds from Africa to the Gulf of Mexico, Bloomberg writes. CIE’s assets are "a needle mover" for a large international player, Guggenheim says.
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  • Apr. 3, 2013, 5:20 AM
    Marathon Oil (MRO) has reportedly put its 10% holdings in two Angolan offshore oil and gas fields up for sale, possibly as part of its plans to offload up to $3B worth of assets. China National Petroleum Corp and Malaysia's Petronas are considering making bids for the assets in what would be the third major energy deal in Africa in 2013.
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  • May 9, 2012, 9:07 AM
    Marathon Oil (MRO) agrees to acquire privately-held Paloma Partners II for $750M in cash. Paloma, which owns ~17K net acres in the Eagle Ford shale play, said net production as of April 1 was ~7K boe/day.
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  • Apr. 9, 2012, 5:20 PM
    Marathon Oil (MRO) sells substantially all its Alaskan assets to Hilcorp Alaska. The sale includes 17M barrels of oil equivalent of net proved reserves across 10 fields in the Cook Inlet, as well as natural gas storage, and interests in natural gas pipeline transmission systems. The sale does not include Marathon Oil's Alaska onshore drilling rig, which is being marketed separately.
  • Nov. 2, 2011, 11:52 AM
    Marathon Oil (MRO +2.9%) reportedly is exploring a sale of ~30% of a venture that comprises the bulk of its Gulf of Mexico assets, and is gauging the interest of several potential buyers in Asia. The stake sale may raise up to $1B; the company says it wants to sell $1.5B-$3B in assets over the next two to three years to reinvest in core operations.
  • Jun. 1, 2011, 7:40 AM
    KKR (KKR) is selling its Eagle Ford shale unit to Marathon (MRO) for $3.5B. (PR)
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Company Description
Marathon Oil Corp is an energy company engaged in the exploration, production and marketing of liquid hydrocarbons and natural gas, production and marketing of products manufactured from natural gas and oil sands mining.