Section 1: Company Fundamentals

1.1 Summary Table

1.2 The Key Positives & Negatives

1.3 Key Metrics:

MRO has industry leading margin profile, with Gross Margin of 91.5% vs. industry median of 56.04%. Moreover, gross margin in FY22 reached on an all time high in FY22. Over the past 5-year the company’s topline has grew by 11.46% and 3-Year Revenue CAGR stood at 15.51%, supported by strength in the underlying commodity prices and volume growth.

Section 2: Marathon Oil Corp (“Buy” at USD 25.27, current market price as on February 24, 2023, at 10:57 AM PST)

2.1 Company Details

2.2 Valuation and Technical Guidance

MRO’s Daily Price Chart. Source: REFINITIV, Analysis by Kalkine Group

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is February 24, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.