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Marathon Oil Corp MRO

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Marathon Outperforms in First Quarter, Full-Year Outlook Unchanged

Analyst Note

| Dave Meats, CFA |

After incorporating Marathon’s first-quarter financial and operating results, we are ratcheting our fair value estimate to $13 per share (from $12). Our no moat rating is unchanged.

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Company Profile

Business Description

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2020, the company reported net proved reserves of 972 million barrels of oil equivalent. Net production averaged 383 thousand barrels of oil equivalent per day in 2020 at a ratio of 67% oil and NGLs and 33% natural gas.

Contact
5555 San Felipe Street
Houston, TX, 77056-2723
T +1 713 629-6600
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Distressed
Employees 1,672

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