HOUSTON, Oct. 23,
2024 /PRNewswire/ -- Marathon Oil Corporation
(NYSE: MRO) announced today it plans to issue its third
quarter 2024 earnings release on Wednesday, Nov. 6, after the
close of U.S. financial markets.
Due to the pending merger with ConocoPhillips, Marathon Oil will
not conduct a third quarter earnings conference call or
webcast.
About Marathon Oil
Marathon Oil (NYSE: MRO) is an independent oil and gas exploration
and production (E&P) company focused on four of the most
competitive resource plays in the U.S. - Eagle Ford, Texas; Bakken, North
Dakota; Permian in New
Mexico and Texas, and STACK
and SCOOP in Oklahoma,
complemented by a world-class integrated gas business in
Equatorial Guinea.
The Company's Framework for Success is founded in a strong
balance sheet, ESG excellence, and the competitive advantages of a
high-quality multi-basin portfolio. On May
28, 2024, Marathon Oil entered a merger agreement with
ConocoPhillips. The transaction is expected to close late in the
fourth quarter of 2024. For more information, please visit
www.marathonoil.com.
Media Relations Contact:
Karina Brooks:
713-296-2191
Investor Relations Contacts:
Guy Baber: 713 296-1892
John Reid: 713 296-4380
Forward-looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. All statements, other
than statements of historical fact, including without limitation
statements regarding the proposed business combination transaction
between ConocoPhillips and Marathon Oil and other statements
regarding management's plans and objectives, are forward-looking
statements. Words such as "anticipate," "believe," "continue,"
"could," "estimate," "expect," "forecast," "future," "guidance,"
"intend," "may," "outlook," "plan," "positioned," "project,"
"seek," "should," "target," "will," "would," or similar words may
be used to identify forward-looking statements; however, the
absence of these words does not mean that the statements are not
forward-looking. While Marathon Oil believes its assumptions
concerning future events are reasonable, a number of factors could
cause actual results to differ materially from those projected,
including, but not limited to: the risks and uncertainties
associated with the proposed transaction between ConocoPhillips and
Marathon Oil; conditions in the oil and gas industry, including
supply/demand levels for crude oil and condensate, NGLs and natural
gas and the resulting impact on price; changes in expected reserve
or production levels; changes in political or economic conditions
in the U.S. and Equatorial Guinea,
including changes in foreign currency exchange rates, interest
rates, inflation rates and global and domestic market conditions;
actions taken by the members of the Organization of the Petroleum
Exporting Countries (OPEC) and Russia affecting the production and pricing of
crude oil and other global and domestic political, economic or
diplomatic developments; capital available for exploration and
development; risks related to Marathon Oil's hedging activities;
voluntary or involuntary curtailments, delays or cancellations of
certain drilling activities; well production timing; liabilities or
corrective actions resulting from litigation, other proceedings and
investigations or alleged violations of law or
permits; drilling and operating risks; lack of, or disruption in,
access to storage capacity, pipelines or other transportation
methods; availability of drilling rigs, materials and labor,
including the costs associated therewith; difficulty in obtaining
necessary approvals and permits; the availability, cost, terms and
timing of issuance or execution of, competition for, and challenges
to, mineral licenses and leases and governmental and other permits
and rights-of-way, and our ability to retain mineral licenses and
leases; non-performance by third parties of contractual or legal
obligations, including due to bankruptcy; administrative
impediments or unexpected events that may impact dividends or other
distributions, and the timing thereof, from our equity method
investees; changes in our credit ratings; hazards such as weather
conditions, a health pandemic, acts of war or terrorist acts and
the government or military response thereto; the impacts of supply
chain disruptions that began during the COVID-19 pandemic and the
resulting inflationary environment; security threats, including
cybersecurity threats and disruptions to our business and
operations from breaches of our information technology systems, or
breaches of the information technology systems, facilities and
infrastructure of third parties with which we transact business;
changes in safety, health, environmental, tax and other
regulations, requirements or initiatives, including those
addressing the impact of global climate change, air emissions or
water management; our ability to achieve, reach or otherwise meet
initiatives, plans, or ambitions with respect to ESG matters; our
ability to pay dividends and make share repurchases; our ability to
progress the E.G. Gas Mega Hub and to achieve first gas at our Alba
infill wells on schedule; impacts of the Inflation Reduction Act of
2022 and our assumptions relating thereto; the risk that assets we
acquire do not perform consistent with our expectations, including
with respect to future production or drilling inventory; other
geological, operating and economic considerations; and the risk
factors, forward-looking statements and challenges and
uncertainties described in Marathon Oil's 2023 Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q and other public filings
and press releases, available at https://ir.marathonoil.com/.
Except as required by law, Marathon Oil undertakes no obligation to
revise or update any forward-looking statements as a result of new
information, future events or otherwise.
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SOURCE Marathon Oil Corporation