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HOUSTON (AP) _ Marathon Oil Corp. (MRO) on Wednesday reported a first-quarter loss of $276 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 41 cents. Losses, adjusted for non-recurring costs, were 37 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.
The energy company posted revenue of $1.53 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.71 billion.
Marathon Oil shares have risen slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1 percent. In the final minutes of trading on Wednesday, shares hit $29.81, a fall of 18 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRO at http://www.zacks.com/ap/MRO
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Keywords: Marathon Oil, Earnings Report
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon Oil is a oil exploration company based in United states of america. Marathon Oil is listed in United States of America. Its market capitalisation is US$ 23.6 billions as of today (€ 22.1 billions). Its stock quote reached its lowest recent point on August 13, 1982 at US$ 0.70, and its highest recent level on April 23, 2024 at US$ 27.78. Marathon Oil has 849 755 866 shares outstanding. |