| Marathon Oil Cuts Quarterly Dividend by 76% to Preserve Cash | |
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Marathon Oil Corp. reduced its quarterly dividend by 76 percent in an effort to increase cash flow with oil prices holding below $50 a barrel. Marathon’s Dec. 10 payout to investors will drop to 5 cents a share from 21 cents, the company said in a statement Thursday. The dividend cut is expected to increase annual cash flow by more than $425 million. “We believe the revised dividend appropriately addresses the uncertainty of a lower for longer commodity price environment,” Lee M. Tillman, the company’s president and chief executive officer, said in the statement. More from Bloomberg.com: Inside the Secretive Circle That Rules a $14 Trillion Market (Updates with CEO comment in third paragraph.) More from Bloomberg.com Read Marathon Oil Cuts Quarterly Dividend by 76% to Preserve Cash on bloomberg.com
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Marathon Oil est une société d’exploration minière de pétrole basée aux Etats-Unis D'Amerique. Marathon Oil est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 24,1 milliards US$ (22,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 13 août 1982 à 0,70 US$, et son plus haut niveau récent le 10 octobre 2024 à 28,33 US$. Marathon Oil possède 849 755 866 actions en circulation. |