Marathon Oil , MRO, is an oil and natural gas production company, having recently spun off its refining operations.
As a newly separated entity, it has no available historical data. However, future profit and dividend increases are expected in the 8-13% range and ROE is estimated in the 12-15% area. Looking ahead both earnings and dividends will be driven by:
(1) expanding activity in Texas’ Eagle Ford shale,
(2) acquisitions,
(3) strong inventory of development projects [Indonesia, Iraq, Poland].
