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HOUSTON (AP) _ Marathon Oil Corp. (MRO) on Wednesday reported fourth-quarter net income of $926 million.
On a per-share basis, the Houston-based company said it had net income of $1.37. Losses, adjusted to account for discontinued operations, were 13 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The energy company posted revenue of $2.5 billion in the period, surpassing Street forecasts. Analysts expected $2.29 billion, according to Zacks.
For the year, the company reported profit of $3.05 billion, or $4.46 per share. Revenue was reported as $11.26 billion.
Marathon Oil shares have increased roughly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. In the final minutes of trading on Wednesday, shares hit $29.02, a decline of 13 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRO at http://www.zacks.com/ap/MRO
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Keywords: Marathon Oil, Earnings Report
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon Oil is a oil exploration company based in United states of america. Marathon Oil is listed in United States of America. Its market capitalisation is US$ 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$ 27.73. Marathon Oil has 849 755 866 shares outstanding. |