This Oil Stock Expects to Produce a Cash Flow Gusher in 2021 and Beyond
The oil producer is prioritizing cash instead of increasing its output.
Engaged in worldwide exploration, production and marketing of crude oil and natural gas; domestic refining, marketing and transportation of crude oil and petroleum products.
The oil producer is prioritizing cash instead of increasing its output.
MRO earnings call for the period ending December 31, 2020.
MRO earnings call for the period ending September 30, 2020.
MRO earnings call for the period ending June 30, 2020.
Marathon Oil has lowered its oil price breakeven level into the $30s, positioning it to start producing free cash in the coming quarters.
It has been a rough year so far for oil producers.
Analysts and amateurs have very different definitions of what makes a bargain stock, and that disparity is on full display when it comes to Marathon Oil.
One day after big gains, investors likely got worried about the very things that led to the gains in the first place.
With OPEC providing additional support for the oil market, crude prices could have much further to run.
A reported OPEC+ extension is fueling a massive rally in the oil market.