Marathon Oil Corp

MRO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$18.00	Njy	Xyhtqnmj

Marathon Continues Focus on Driving Capital Efficiencies

Joshua Aguilar , Samuel Siampaus

May 2, 2024

Business Strategy and Outlook

Marathon has comprehensively reshuffled its portfolio in the past 10 years, discarding most of the conventional projects it historically focused on and doubling down on US shale. The international assets it has retained, in Equatorial Guinea, will be harvested for cash flows that can be redeployed in the US or returned to shareholders.

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