Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol. In addition, it owns and operates Sugarloaf gathering system, a natural gas pipeline. Marathon Oil Corporation was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in January 2002. The company was founded in 1887 and is headquartered in Houston, Texas. As of November 22, 2024, Marathon Oil Corporation operates as a subsidiary of ConocoPhillips.
Merger Dynamics | Explore Marathon Oil's pending acquisition by ConocoPhillips, its impact on shareholder returns, and the reduced public communications during this transitional period |
E.G. Asset Value | Delve into Marathon Oil's significant Equatorial Guinea assets, representing 11% of company value, and the potential implications of Right-of-First-Refusal clauses |
Financial Outlook | Analysts project price targets ranging from $5.08 to $10.80 per share, with a steady state assessment through 2026 and no anticipated shareholder returns during merge |
Market Resilience | Learn how Marathon Oil's stock maintains a Buy consensus despite acquisition uncertainties, trading within its 52-week range amid energy sector challenges |