Marathon Oil (MRO) Tops Q3 EPS by 20c
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Marathon Oil Reports Third Quarter 2015 Results
November 4, 2015 4:30 PM ESTHOUSTON, Nov. 04, 2015 (GLOBE NEWSWIRE) --
Marathon Oil Corporation (NYSE: MRO) today reported a third quarter 2015 adjusted net loss of $138 million, or $0.20 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 $749 million, or $1.11 per diluted share. Third quarter 2015 included $611 million ($949 million pre-tax) of non-cash charges comprised largely of losses and asset impairments resulting from lower forecasted commodity prices and changes in the Company's conventional exploration strategy.
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