- Marathon Oil Corporation stock price today and history
Please, Signup (Login) to subscribe or trade (demo)
Marathon Oil Corporation stock price
Marathon Oil Corporation latest news:
BRIEF-Marathon Oil Corp Qtrly Adjusted Earnings Per Share $0.07
* QTRLY TOTAL COMPANY PRODUCTION EXCLUDING LIBYA AVERAGED
NET BOED, UP 4% SEQUENTIALLY ON A DIVESTITURE-ADJUSTED BASIS
Marathon Oil quarterly loss narrows on rising crude prices, cost cuts
U.S. oil producer Marathon Oil Corp (MRO) said on Wednesday its quarterly loss narrowed sharply on rising oil prices and cost cuts. For the fourth quarter, Marathon posted a net loss of $28 million, or 3 cents per share, compared to a net loss of $1.38 billion, or $1.62 per share, in the year-ago period. Production in the quarter rose 12 percent to 383,000 barrels of oil equivalent per day.
Energy ETF slumps 4%; Exxon on track for biggest two-day drop since 2008
The largest exchange-traded fund to track the energy sector fell on Monday and was the biggest declining sector of the day. The Energy Select Sector SPDR ETF sank 4.3% in its biggest one-day decline since January 2016, edging out a 4.2% decline that occurred in Friday's session. The fund has shed more than 10% since a recent intraday peak hit on Jan. 24. Exxon Mobil was the biggest drag on the group, sinking 5.4%. The Dow component has lost more than 9% over the past two sessions, which is on track to be its biggest two-day decline since November 2008. Among other companies, Chevron Corp. fell 5.5% while Occidental Petroleum Corp. sank 3.5% and Marathon Oil Corp. was off 4.4%. Much of the sector's weakness was attributed to crude oil prices, which shed 2.4% on ongoing concerns over rising production, which could mean excessive supply.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. stocks close higher as energy shares rally
U.S. stock-market indexes closed modestly higher on Thursday, driven by gains in the energy, financials and telecoms sectors. The S&P 500 closed 5.32 points, or 0.2%, higher at 2,684.57, just 6 points below the record close set earlier this week. The Dow Jones Industrial Average gained 55.64 points, or 0.2%, to 24,782.29. The tech-heavy Nasdaq Composite index advanced 4.40 points, or less than 0.1%, to 6,965.36. Among the best performers on Wall Street were energy companies. Shares of Hess Corp. jumped more than 5%, while Marathon Oil Corp. rose 4.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Marathon Oil Announces $1 Billion Gross Debt Reduction
* MARATHON OIL - ENTERED INTO A TRANSACTION TO REDEEM AT PAR
OUTSTANDING $1 BILLION OF 5.125 PERCENT MUNICIPAL REVENUE BONDS
DUE IN 2037
Marathon Petroleum CorporationMPC
Marcus & MillichapMMI
Marcus Corporation (The)MCS
Marin Software IncorporatedMRIN
Marine Harvest ASAMHG
Marine Products CorporationMPX
MarkWest Energy PartnersMWE
Marriot Vacations Worldwide CorporationVAC