Marathon Oil (MRO) Reports Q4 Loss of $0.48

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Go back to Marathon Oil (MRO) Reports Q4 Loss of $0.48

Marathon Oil Reports Fourth Quarter and Full-Year 2015 Results

February 17, 2016 4:30 PM EST

HOUSTON, Feb. 17, 2016 (GLOBE NEWSWIRE) --

Marathon Oil Corporation (NYSE: MRO) today reported a full-year 2015 adjusted net loss of $869 million, or $1.28 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 $2,204 million, or $3.26 per diluted share.

Full-Year 2015

Full-year 2015 capital program at $3 billion, $500 million below original budgetAchieved 8% production growth from total Company continuing operations (excluding Libya) and 21% from U.S. resource... More