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MRO Marathon Oil Corp

26.85
-1.09 (-3.90%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Marathon Oil Corp NYSE:MRO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.09 -3.90% 26.85 27.83 26.79 27.75 9,711,491 01:00:00

Marathon Oil Inks 5-Year LNG Sales Agreement With Glencore

16/10/2023 10:40pm

Dow Jones News


Marathon Oil (NYSE:MRO)
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From May 2023 to May 2024

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By Ben Glickman

 

Marathon Oil Corp. agreed to sell a portion of the liquid natural gas it produces from its Alba Field in Equatorial Guinea to Glencore's U.K. subsidiary in a five-year deal.

Houston-based Marathon Oil said that the agreement, effective Jan. 1, would have a pricing structure linked to the Dutch Title Transfer Facility index, giving oil and gas production company exposure to the European market for LNG.

Marathon holds a 64% working interest in the Alba Field.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

October 16, 2023 17:25 ET (21:25 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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