Marathon Oil Corp. Company News

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Marathon Drops Aircraft Leases and Boosts Debt Focus
Marathon Oil Corp. is giving up its corporate aircraft as the shale driller escalates cost cuts.
8:00 PM EST | May 05, 2021
YPF Needs $1B+ for Shale Drilling
Argentina's state-run oil company, needs to come up with more than $1 billion to spur drilling in Patagonia.
7:00 PM EST | February 17, 2021
Oil and Gas Blockchain Group Claims Milestone
The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.
8:00 PM EST | June 07, 2020
Marathon Names Henderson SVP, Operations
Effective May 4, he will oversee the company's US resource play businesses.
8:00 PM EST | May 04, 2020
Energy Stocks Hurt By Oil Slump Want Value Investors
The Russell 3000 reconstitution later this month will be key for energy companies vying for investor attention, given an already low weighting in the index.
8:00 PM EST | June 05, 2019
'New Player' Enters Louisiana Austin Chalk
Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'
8:00 PM EST | August 12, 2018
Marathon Oil Raises Annual Production Forecast
Marathon Oil Corp raised its annual production forecast.
8:00 PM EST | July 31, 2018
Marathon Oil Profit Beats Forecasts On Rising Crude, Cost Cuts
Marathon Oil Corp posts a better-than-expected adjusted quarterly profit.
7:00 PM EST | February 13, 2018
Texas' Austin Chalk Booms While Shale Plays Remain Mostly Dormant
New technology applications are breaking records in the Austin Chalk.
7:00 PM EST | December 06, 2017
U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.
8:00 PM EST | October 04, 2017
Marathon Oil Cuts Capital Budget After Posting Quarterly Loss
Marathon Oil Corp cuts its 2017 capital budget after posting a quarterly loss that fell in line with Wall Street's expectations.
8:00 PM EST | August 01, 2017
Marathon Oil's Loss Smaller Than Expected On Higher Crude Prices
Marathon Oil reports a smaller-than-expected quarterly loss.
8:00 PM EST | May 04, 2017
Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Cenovus Energy fell the most since its trading debut more than seven years ago after agreeing to buy Canadian oil assets from ConocoPhillips for C$17.7 billion ($13.3 billion) in a deal that increases its risks at a time of uncertain oil prices.
8:00 PM EST | March 29, 2017
E&P Companies Target Potential of STACK, SCOOP Plays
Operators are testing the oil potential of the STACK and SCOOP plays as they seek E&P opportunities that work in a lower oil price environment.
8:00 PM EST | August 24, 2016
Marathon Oil Corp. Shakes Up Its Senior Leadership
With departures and promotions, Marathon Oil Corp. is undergoing several changes in its leadership.
8:00 PM EST | August 21, 2016
Marathon Oil Quarterly Loss Shrinks On International Output
Marathon Oil says its quarterly loss shrank, beating Wall Street's expectations, as international oil production helped offset declines in US output.
8:00 PM EST | August 02, 2016
Marathon Oil Flows First Gas from Alba B3 Platform Off Equatorial Guinea
Marathon Oil commences first gas from the Alba B3 compression platform offshore Equatorial Guinea.
8:00 PM EST | July 14, 2016
Oil Explorers Embrace the Sharing Economy to Drill Cheaper Wells
The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.
8:00 PM EST | June 21, 2016
Marathon Oil Deal Latest Big Oklahoma Bet by U.S. Drillers
Oil and gas producer Marathon Oil Corp's plans to buy a small Oklahoma producer is the latest signal U.S. shale companies are pouncing on properties in the state's high margin STACK basin as the price of oil rebounds.
8:00 PM EST | June 19, 2016
Marathon Oil Signs Deals To Sell $950M Of Assets
Marathon Oil signs agreements to sell non-core assets for $950 million.
8:00 PM EST | April 10, 2016
Marathon Oil Joins $7.5B Oil And Gas Equity Wave
Energy companies are dominating this year's US corporate share sales, raising $7.5B so far this year, with Marathon Oil the latest to tap the market to bolster balance sheets.
7:00 PM EST | February 29, 2016
Marathon Oil Slashes CAPEX 50%, Posts Quarterly Loss
Marathon Oil slashes its 2016 spending by 50% and reports a quarterly loss as the company's results are hurt by a steep decline in crude oil prices.
7:00 PM EST | February 16, 2016
ConocoPhillips Cannibalizes Dividend as Occidental Holds Firm
ConocoPhillips joins the ranks of oil explorers curtailing dividend payouts after suffering its steepest quarterly loss in almost a decade.
7:00 PM EST | February 03, 2016
AWE Sells 10% Stake in Sugarloaf AMI Project in Texas to CEP II for $190M
AWE agrees to sell its 10 percent stake in Sugarloaf Area of Mutual Interest (AMI) project in the Eagle Ford Shale, Texas to Carrier Energy Partners II for $190 million.
7:00 PM EST | January 26, 2016
Empyrean Expects Further Upside from Sugarloaf AMI Project in 2016
Junior oil firm Empyrean expects to see further upside in 2016 from the Marathon-operated Sugarloaf AMI project, onshore Texas.
7:00 PM EST | December 30, 2015
Marathon Oil Has Third-Quarter Loss As Low Oil Prices Hurt
Marathon Oil reports a quarterly loss that topped Wall Street expectations.
7:00 PM EST | November 03, 2015
Marathon Oil Is First Major Shale Producer to Cut Dividend
Marathon Oil becomes the first major shale producer to cut its quarterly dividend, reducing it by 76% in an effort to prop up cash holdings as oil prices hold below $50 a barrel.
8:00 PM EST | October 28, 2015
Marathon Oil Cuts Jobs, Scales Back Conventional Exploration Efforts
Marathon Oil scales back conventional exploration efforts and cuts 40 more jobs due to low oil prices.
8:00 PM EST | September 09, 2015
Marathon Oil Plans To Cut 2016 Budget By At Least $600 Million
Marathon Oil says it will slash its capital budget next year by at least $600 million.
8:00 PM EST | September 08, 2015
Marathon Oil Posts 1Q Loss, Sticks To Production Outlook
Marathon Oil reports a first-quarter loss as tumbling oil prices slice its revenue nearly in half.
8:00 PM EST | May 05, 2015
Croatia Could Opt for Referendum on Adriatic Gas and Oil
Croatia could hold a referendum on the planned exploitation of potential gas and oil wells in the Adriatic, Prime Minister Zoran Milanovic said, responding to growing criticism from environmental groups.
8:00 PM EST | March 15, 2015
Offshore Croatia: Developing the Eastern Adriatic
The Croatian government wants to catch up with Italy when it comes to developing oil and gas resources in its part of the Adriatic Sea.
8:00 PM EST | March 12, 2015
Tenaris Joins Archer, Marathon in Cost Cuts, Layoffs
Oil companies Tenaris, Archer and Marathon Oil plan to cut company costs and reduce their workforce as a result of the oil market crisis.
7:00 PM EST | February 23, 2015
Marathon Oil Going After Costs, Has Saved $225 Million So Far
MaMarathon Oil says it has so far captured $225 million in savings, citing streamlined shale drilling and completion processes and lower prices from oilfield service providers.
7:00 PM EST | February 18, 2015
Marathon Oil Slashes Spending A Second Time, Profit Rises
Marathon Oil cuts its 2015 budget by another 20% to $3.5 billion and says its 4Q profit rose.
7:00 PM EST | February 17, 2015
Eni, Rockhopper Give Further Details of Croatia License Award
Eni and Rockhopper Exploration provide further details of their award of Block 9 in the Adriatic Sea off Croatia.
7:00 PM EST | January 04, 2015
Croatia Awards 10 Adriatic Oil, Gas Exploration Licenses
A consortium of Houston-based Marathon Oil and Austria's OMV won seven of 10 licenses awarded for oil and gas off Croatia's Adriatic coast.
7:00 PM EST | January 01, 2015
Marathon Oil Cuts 2015 Capex 20% As Crude Tumbles
Marathon Oil says its capital expenditures will be about 20% lower next year due to the steep drop in crude oil prices.
7:00 PM EST | December 16, 2014
Total Makes New Oil Discovery in Iraqi Kurdistan
French oil major Total strikes oil and gas near the city of Arbil in the autonomous Kurdistan region of Iraq, its second discovery in the Harir block in two years.
7:00 PM EST | November 30, 2014
Marathon Oil Quarterly Profit Down, Hit By Lower Oil Prices
Marathon Oil says quarterly profit fell 24%, as a slide in the price of crude offset higher oil and natural gas production from shale wells.
7:00 PM EST | November 02, 2014
Africa Oil Corp. Updates on Drilling at its Kenya and Ethiopia Blocks
Africa Oil Corp. provides an updates on drilling operations at its blocks in Kenya and Ethiopia.
8:00 PM EST | August 28, 2014
Marathon Oil Quits Norway Via $2.1B Det Norske Deal
Marathon Oil is to sell its Norwegian business for $2.1B to Det norske in order to free up cash for shale activities in the US.
8:00 PM EST | June 01, 2014
Maersk Valiant Drillships Heads to GOM After Delivery from SHI's Shipyard
Maersk Valiant drillship heads to the Gulf of Mexico for a two year assignment after delivery from Samsung Heavy Industries shipyard in Geoje-Si, South Korea.
8:00 PM EST | April 16, 2014
Feds: Oil from Dakota Fields Improperly Classified
Government investigators have found crude oil being transported from North Dakota's Bakken region was misclassified in samples taken from 11 out of 18 truck shipments en route to rail loading stations, federal transportation officials say.
7:00 PM EST | February 04, 2014
Polish PM Sees Approval of New Shale Gas Law within Two Weeks
Polish Prime Minister Donald Tusk says his government would approve new investor-friendly laws within two weeks aimed at cutting red tape and regulatory hurdles that have dented the country's push to develop shale gas resources.
7:00 PM EST | February 04, 2014
Maersk Drilling Names 2 Drillships in a Ceremony at SHI Yard in South Korea
Maersk Drilling names its second and third ultra deepwater drillships, Maersk Valiant and Maersk Venturer, in a ceremony at Samsung Heavy Industries shipyard in Geoje-Si, South Korea.
7:00 PM EST | January 23, 2014
Marathon Oil Appoints Deanna Jones Vice President of Human Resources
Marathon Oil appoints Deanna L. Jones vice president of Human Resources and Administrative Services to succeed Robert L. Sovine.
7:00 PM EST | January 20, 2014
Marathon to Ramp Up US Shale Activity, Market North Sea Assets
Marathon Oil will accelerate its US shale activity and market North Sea assets for sale as part of its 2014 strategic plans.
7:00 PM EST | December 10, 2013
Tullow Well Comes up Dry Onshore Ethiopia
Tullow Oil reports that its Tultule-1 wildcat well onshore Ethiopia has come up dry.
7:00 PM EST | December 08, 2013
API Waves Goodbye to Cazalot, Says Hello to Chazen
As Clarence Cazalot prepares for his departure from Marathon Oil Company and API, the national trade association elects Occidental Petroleum's Chazen as Next Chairman.
7:00 PM EST | November 11, 2013