Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Marathon Oil reinstates quarterly base dividend

share with twitter share with LinkedIn share with facebook
10/01/2020 | 06:28pm EDT

Oct 1 (Reuters) - Marathon Oil Corp has reinstated its quarterly base dividend, the U.S. oil producer said on Thursday, after suspending it in May following a historic collapse in crude prices.

Oil companies were forced to slash dividends, halt buybacks and curtail production earlier this year as the COVID-19 pandemic hammered energy demand, sending U.S. crude futures below $0 a barrel for the first time in April.

Marathon Oil said it reinstated the quarterly base dividend at 3 cents per share, payable on Dec. 10 to stockholders of record on Nov. 18.

On Wednesday, peer ConocoPhillips said it plans to resume share repurchases of $1 billon in the fourth quarter. (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)


Stocks mentioned in the article
ChangeLast1st jan.
CONOCOPHILLIPS -1.85% 28.62 Delayed Quote.-55.99%
LONDON BRENT OIL 0.53% 37.86 Delayed Quote.-43.09%
MARATHON OIL CORPORATION -0.75% 3.96 Delayed Quote.-70.84%
WTI -1.29% 35.72 Delayed Quote.-41.06%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
06:51pFrench deficit seen at 11.3% of output in 2020 - minister
RE
06:20pAPI AMERICAN PETROLEUM INSTITUTE : statement on administration memorandum directing an economic analysis of the impact of a federal ban on hydraulic fracturing
PU
06:10pBANCO DE LA REPUBLICA DE COLOMBIA : Juan José Echavarría, informed the Board of Directors of his intention to resign from his position as Governor after completing the four-year period
PU
06:05pMOST COMPREHENSIVE REPORT TO DATE ON WOMEN'S PARTICIPATION IN POLITICAL LIFE IN IRAQ : Challenges and ways to overcome them
PU
05:35pThe long and complex road towards an EU Global Human Rights Sanctions Regime
PU
05:35pThe long and complex road towards an EU Global Human Rights Sanctions Regime
PU
05:35pDELEGATION OF EUROPEAN UNION TO EGYPT : The long and complex road towards an EU Global Human Rights Sanctions Regime
PU
04:32pPortugal reimposes partial lockdown in most of the country
RE
04:25pWORLD BANK : Remarks by Axel van Trotsenburg, World Bank Managing Director, Operations at the 95th Foundation Training Programme at Lal Bahadur Shastri National Academy of Administration
PU
04:22pUK extends 80% wage subsidies as England goes back into lockdown
RE
Latest news "Economy & Forex"