HOUSTON, July 31,
2024 /PRNewswire/ -- Marathon Oil Corporation
(NYSE: MRO) announced today that the Company's board of
directors has declared a dividend of 11
cents per share on Marathon Oil Corporation common stock.
The dividend is payable on Sept. 10,
2024, to stockholders of record on Aug. 21, 2024.
About Marathon Oil
Marathon Oil Corporation (NYSE: MRO) is an independent oil and gas
exploration and production (E&P) company focused on four of the
most competitive resource plays in the U.S. - Eagle Ford,
Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in New Mexico and Texas, complemented by a world-class
integrated gas business in Equatorial
Guinea.
Marathon Oil's Framework for Success is founded in a strong
balance sheet, ESG excellence and the competitive advantages of a
multi-basin portfolio. On May 28,
2024, Marathon Oil entered a merger agreement with
ConocoPhillips. The transaction is expected to close in the fourth
quarter of 2024. For more information, please visit
www.marathonoil.com
Media Relations Contact:
Karina Brooks:
713-296-2191
Investor Relations Contacts:
Guy Baber: 713 296-1892
John Reid: 713 296-4380
Forward-looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. All statements, other
than statements of historical fact, including without limitation
statements regarding the proposed business combination transaction
between ConocoPhillips and Marathon Oil, returns to investors
(including dividends) and other statements regarding management's
plans and objectives, are forward-looking statements. Words such as
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"forecast," "future," "guidance," "intend," "may," "outlook,"
"plan," "positioned," "project," "seek," "should," "target,"
"will," "would," or similar words may be used to identify
forward-looking statements; however, the absence of these words
does not mean that the statements are not forward-looking. While
Marathon Oil believes its assumptions concerning future events are
reasonable, a number of factors could cause actual results to
differ materially from those projected, including, but not limited
to: the risks and uncertainties associated with the proposed
transaction between ConocoPhillips and Marathon Oil; conditions in
the oil and gas industry, including supply/demand levels for crude
oil and condensate, NGLs and natural gas and the resulting impact
on price; changes in expected reserve or production levels; changes
in political or economic conditions in the U.S. and Equatorial Guinea, including changes in
foreign currency exchange rates, interest rates, inflation rates
and global and domestic market conditions; actions taken by the
members of the Organization of the Petroleum Exporting Countries
(OPEC) and Russia affecting the
production and pricing of crude oil and other global and domestic
political, economic or diplomatic developments; capital available
for exploration and development; risks related to Marathon Oil's
hedging activities; voluntary or involuntary curtailments, delays
or cancellations of certain drilling activities; well production
timing; liabilities or corrective actions resulting from
litigation, other proceedings and investigations or
alleged violations of law or permits; drilling and
operating risks; lack of, or disruption in, access to storage
capacity, pipelines or other transportation methods; availability
of drilling rigs, materials and labor, including the costs
associated therewith; difficulty in obtaining necessary approvals
and permits; the availability, cost, terms and timing of issuance
or execution of, competition for, and challenges to, mineral
licenses and leases and governmental and other permits and
rights-of-way, and our ability to retain mineral licenses and
leases; non-performance by third parties of contractual or legal
obligations, including due to bankruptcy; administrative
impediments or unexpected events that may impact dividends or other
distributions, and the timing thereof, from our equity method
investees; changes in our credit ratings; hazards such as weather
conditions, a health pandemic, acts of war or terrorist acts and
the government or military response thereto; the impacts of supply
chain disruptions that began during the COVID-19 pandemic and the
resulting inflationary environment; security threats, including
cybersecurity threats and disruptions to our business and
operations from breaches of our information technology systems, or
breaches of the information technology systems, facilities and
infrastructure of third parties with which we transact business;
changes in safety, health, environmental, tax and other
regulations, requirements or initiatives, including those
addressing the impact of global climate change, air emissions or
water management; our ability to achieve, reach or otherwise meet
initiatives, plans, or ambitions with respect to ESG matters; our
ability to pay dividends and make share repurchases; our ability to
progress the E.G. Gas Mega Hub and to achieve first gas at our Alba
infill wells on schedule; impacts of the Inflation Reduction Act of
2022 and our assumptions relating thereto; the risk that assets we
acquire do not perform consistent with our expectations, including
with respect to future production or drilling inventory; other
geological, operating and economic considerations; and the risk
factors, forward-looking statements and challenges and
uncertainties described in Marathon Oil's 2023 Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q and other public filings
and press releases, available at https://ir.marathonoil.com/.
Except as required by law, Marathon Oil undertakes no obligation to
revise or update any forward-looking statements as a result of new
information, future events or otherwise.
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SOURCE Marathon Oil Corporation