Marathon Oil Corp
MRO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $66.00 | Jgsc | Lxlkjyl |
Capital Discipline Remains Key Focus for Management in 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 U.S. shale. The international assets it has retained, in Equatorial Guinea, will be harvested for cash flows that can be redeployed in the U.S. or returned to shareholders.