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Marathon Oil Corporation (MRO) operates as an independent exploration and production company in the United States and internationally. 
The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
It also owns and operates central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties.
On August 2, MRO reported earnings of $0.48 per share on revenue of $1.51 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.43 per share on revenue of $1.56 billion. The next report is due November 1st. Since the report, shares have formed a bullish "cup and handle" and higher share prices are expected.
Entry Point: $26.50
Stop Loss: $25.00
Trading Range: $20.57 to 33.42
Target Price: $29.20
