- The third quarter's revenues were $1,453 million, up significantly from the same quarter a year ago and up 27.1% sequentially.
- US production was 284K Boep/d, representing 81.4% of the total output of 345K Boep/d. Total production declined 6.8% from the same quarter a year ago.
- Marathon announced a quarterly dividend of $0.06 this quarter and a $500 million shares buyback for 4Q21.
- On Nov. 11, 2021, the company announced that the export of LNG from Equatorial Guinea resumed after more than six weeks of disruption.
- I recommend buying MRO at or below $15.
For further details see:
Marathon Oil: An Excellent Proxy For Oil