Marathon Oil Gets Upgrade Due To Higher Oil Prices, More Cash Return To Shareholders
With an oil price forecast of $51 per barrel for 2021 and of $56 per barrel for 2022, Marathon Oil Corporation (NYSE: MRO) is likely to generate around $2.1 billion over the next couple of years, which is enough to take its leverage to less than 1.0x by yearend 2022, according to Mizuho Securities.
