Marathon Oil Corporation (MRO), headquartered in Houston, Texas, is an independent company that explores, produces, and markets crude oil, natural gas liquids, and natural gas domestically and internationally. With a market cap of $15.15 billion, MRO’s innovative approaches and commitment to sustainability have significantly impacted the energy sector, transforming how resources are harnessed and utilized worldwide.
MRO stock has underperformed the broader market over the past year. The stock has gained 4.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 16.4%. However, in 2024, the stock has gained 12.1%, outperforming SPX’s 9.8% returns on a YTD basis.
