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Marathon Oil Reports Second Quarter 2021 Results

Marathon Oil Reports Second Quarter 2021 Results
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Marathon Oil Corporation Declares Second Quarter 2021 Dividend

HOUSTON, July 28, 2021 /PRNewswire/  Marathon Oil Corporation (NYSE: MRO) announced today that the Company s board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock. This represents an increase from the Company s last quarterly base dividend payment of 4 cents per share. The dividend is payable on September 10, 2021, to stockholders of record on August 18, 2021. We are pleased to announce an increase to our quarterly base dividend for the second time this year, said Chairman, President and CEO Lee Tillman. We remain fully committed to a transparent capital allocation model that prioritizes free cash flow generation, a strong balance sheet, a low enterprise free cash flow breakeven, and returning significant capital back to our investors. Paying a competitive and sustainable base dividend is a key component of our capital allocation framework, and this 25% dividend increase underscores our commitment to returning an increasin

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