for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Marathon Oil raises quarterly dividend by 33%, cuts debt

April 29 (Reuters) - Marathon Oil Corp on Thursday became the latest U.S. oil producer to raise its quarterly dividend as COVID-19 vaccine rollouts and increased travel demand lift crude prices.

The company raised its dividend by 33% to 4 cents per share and said it redeemed $500 million in debt, addressing its next significant maturity.

Oil major Chevron Corp had raised its quarterly payout by 5 cents to $1.34 per share on Wednesday, while Continental Resources Inc reinstated its dividend. (Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up