| Marathon Oil misses 3Q profit forecasts | |
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HOUSTON (AP) _ Marathon Oil Corp. (MRO) on Monday reported net income of $431 million in its third quarter.
On a per-share basis, the Houston-based company said it had net income of 64 cents. Earnings, adjusted for one-time gains and costs, came to 57 cents per share.
The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The energy company posted revenue of $2.97 billion in the period, exceeding Street forecasts. Analysts expected $2.96 billion, according to Zacks.
Marathon Oil shares have dropped 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 9 percent. In the final minutes of trading on Monday, shares hit $34.57, a decline of 2 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. MRO stock research report from Zacks.
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Keywords:Marathon Oil,Earnings Report
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon Oil is a oil exploration company based in United states of america. Marathon Oil is listed in United States of America. Its market capitalisation is US$ 23.6 billions as of today (€ 22.0 billions). Its stock quote reached its lowest recent point on August 13, 1982 at US$ 0.70, and its highest recent level on April 25, 2024 at US$ 27.74. Marathon Oil has 849 755 866 shares outstanding. |