Marathon Oil Corporation (NYSE: MRO) is "good, but why not own one of these with a giant dividend?" Jim Cramer said on CNBC’s "Mad Money Lightning Round."
Marathon Oil (NYSE:MRO) has outperformed the market over the past 5 years by 7.38% on an annualized basis producing an average annual return of 17.58%. Currently, Marathon Oil has a market capitalization of $17.18 billion.
Amazon.com, Inc. (NASDAQ: AMZN) founder Jeff Bezos slammed U.S. President Joe Biden and the White House in early July when the billionaire criticized the commander in chief for calling on companies running or supplying gasoline stations to lower their prices.
Marathon Oil (NYSE:MRO) has outperformed the market over the past 5 years by 4.2% on an annualized basis producing an average annual return of 16.35%. Currently, Marathon Oil has a market capitalization of $15.56 billion.
Marathon Oil (NYSE:MRO) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Marathon Oil beat estimated earnings by 2.33%, reporting an EPS of $1.32 versus an estimate of $1.29.
Fundamentals will win, and shareholders will benefit from energy companies generating "asinine amounts" of free cash flow, says energy analysts at HFI Research.
HFI is a contrarian investment research firm whose current focus is on the energy and natural gas markets.