Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Vista Projects
Copper Tip Energy Services
Copper Tip Energy
Vista Projects
Hazloc Heaters


Marathon Oil raises quarterly dividend by 33%, cuts debt


English Español 简体中文 हिन्दी Português
These translations are done via Google Translate
A Marathon Oil well site is seen as oil and gas activity dips in the Eagle Ford Shale oilfield in Texas, U.S., because of the COVID-19 pandemic and the drop in demand for oil globally. May 18, 2020. REUTERS/Jennifer Hiller

Marathon Oil Corp (MRO.N) on Thursday became the latest U.S. oil producer to raise its quarterly dividend as COVID-19 vaccine rollouts and increased travel demand lift crude prices.

The company raised its dividend by 33% to 4 cents per share and said it redeemed $500 million in debt, addressing its next significant maturity.

GLJ

Oil major Chevron Corp (CVX.N) had raised its quarterly payout by 5 cents to $1.34 per share on Wednesday, while Continental Resources Inc (CLR.N) reinstated its dividend.

GLJ



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE