Marathon Oil Corp (NYSE:MRO) is to pay $241.5 million in a settlement deal with the US Environmental Protection Agency (EPA) and the Department of Justice (DOJ), over alleged violations of the Clean Air Act. It addresses air pollution at the company's oil and gas operations on the Fort Berthold Indian Reservation in North Dakota.
The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company's oil and gas operations on the Fort Berthold Indian Reservation in North Dakota.
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Oil prices are on the rise today, on track for their highest close since April as analysts continue to forecast supply deficits.
Marathon Oil (MRO) closed the most recent trading day at $27.30, moving -1.37% from the previous trading session.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock?
Marathon Oil will merge with ConocoPhillips in an all-stock deal. The two companies' existing asset bases are complementary with a lot of adjacent land in the continental U.S. As a result, Conoco is hiking its dividend and share repurchases.
NEW ORLEANS, LA / ACCESSWIRE / May 30, 2024 / Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
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Shares of Marathon Oil (MRO) shoot up on the announcement of a $22.5 billion buyout deal by ConocoPhillips (COP).
ConocoPhillips (NYSE:COP) announced it will buy Marathon Oil Corp (NYSE:MRO) for $22.5 billion, with the deal expected to close in the fourth quarter.
Marathon Oil reduces per foot costs and increases initial flow rate, leading to lower well breakeven point and higher profitability. Management front loads capital budget, and has significant natural gas production. It is important to bring natural gas production online for the winter heating season. Despite the change in net income, adjusted cash flow from operating activities held up rather well for Marathon Oil.