This Stock Can Absolutely Thrive at $50 Oil

Marathon Oil (NYSE: MRO) has transformed itself into a cash flow-generating machine over the past few years. That was evident in the company's recent earnings report for the fourth quarter and full year of 2019. Not only did it produce a boatload of excess cash in those periods, but it also expects to continue churning out more money than it needs to run its operations over the next two years, even if oil remains in its current weak state.

Marathon Oil produced about $110 million of organic free cash flow during the fourth quarter, which pushed its full-year total to $410 million, after paying its dividend. The company returned nearly all that money to investors by repurchasing $350 million in shares. It was able to do that because it has a strong balance sheet, including ending the year with $900 million in cash.

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Source Fool.com