MRO Stock Forecast: Taking Advantage of Volatile Commodity Prices
This MRO Stock Forecast article was written by Yuxiao Yang – Financial Analyst at I Know First.
Summary:
- Marathon Oil will be highly profitable by the significant uptrend in commodity price levels.
- MRO reported $1.3 billion of net income in the first quarter of 2022 compared to a net income of $97 million in the same period last year.
- Marathon Oil returned 50% of cash flow from operating activities to equity investors and repurchased $900MM in stock YTD1 and raised outstanding buyback authorization to $2.5B during Q1 2022.