Marathon Oil (MRO) Reports Q4 EPS of $0.07, Beats on Revenues

Note: EPS may not be comparable

Marathon Oil (NYSE: MRO) reported Q4 EPS of $0.07, versus $0.01 reported last year. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.27 billion.

Fourth Quarter 2017 Highlights

• Total Company production excluding Libya averaged 383,000 net boed, up 4% sequentially on a divestiture-adjusted basis; 33,000 net boed from Libya
• U.S. resource play production averaged 249,000 net boed, up 10% sequentially
• Eagle Ford production averaged 105,000 net boed; up 4% sequentially with fewer wells to sales
• Bakken production increased 17% sequentially to 69,000 net boed; set new Williston Basin 30-day IP oil record at 3,005 bpd
• Oklahoma production up 10% sequentially to 64,000 net boed; nine-well STACK infill development averaged 30-day IP rates of 1,840 boed (60% oil)
• Northern Delaware production averaged 11,000 net boed; two-well pad averaged 30-day IP rates of 3,265 boed (62% oil)

For earnings history and earnings-related data on Marathon Oil (MRO) click here.

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