Wells Fargo Upgrades Marathon Oil (MRO) to Outperform

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Go back to Wells Fargo Upgrades Marathon Oil (MRO) to Outperform

Marathon Oil Reports First Quarter 2015 Results

May 6, 2015 5:02 PM EDT

HOUSTON, May 6, 2015 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) today reported a first quarter 2015 adjusted net loss of $253 million, or $0.37 per diluted share, excluding the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. The reported net loss was $276 million, or $0.41 per diluted share.

Corporate Highlights

Drilling efficiency, additional service cost reductions and capital reallocation enhancing returns   High-specification rigs in Eagle Ford delivering pacesetter spud-to-total depth results of under seven days   Increased year-to-date captured savings from U.S. unconventional... More