Marathon Oil (MRO) Raises Quarterly Dividend 33.3% to $0.04; 1.4% Yield

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Marathon Oil Reduces Gross Debt and Raises Base Dividend

April 29, 2021 4:30 PM EDT

HOUSTON, April 29, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company fully redeemed its $500 million aggregate principal amount of 2.8% Senior Notes Due 2022. This transaction will reduce annual cash interest expense by $14 million.

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