secwatch.observer — SEC 8-K summary
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Issuer:     MARATHON OIL CORP (—)
CIK:        0000101778
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000101778-24-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Oil Q1 2024: Adj. EPS $0.55; returned $349M to shareholders; sanctioned EG drilling program
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- Net income $297M ($0.52 diluted EPS); adjusted net income $317M ($0.55 diluted EPS).
- Net operating cash flow $757M; adjusted CFO $861M; free cash flow $271M; returned $349M (41% of adjusted CFO) to shareholders.
- Sanctioned two Alba infill wells in Equatorial Guinea; first gas expected H2 2025; capex ~$100M in 2025.
- Brought online 12 three-mile lateral wells; first Permian three-mile pad avg 5,265 boed per well 30-day IP; per-ft cost >20% below 2-mile wells.
- FY2024 guidance unchanged: capex $2B, production 190K bopd/390K boed, adj FCF ~$2.2B at $80 WTI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101778/000010177824000094/0000101778-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101778/000010177824000094/mro-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000101778-24-000094

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