Marathon Oil (MRO) Tops Q1 EPS by 3c

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Go back to Marathon Oil (MRO) Tops Q1 EPS by 3c

Marathon Oil Reports First Quarter 2016 Results

May 4, 2016 4:30 PM EDT

HOUSTON, May 04, 2016 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) today reported a first quarter 2016 adjusted net loss of $317 million, or $0.43 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 $407 million, or $0.56 per diluted share.

Highlights

First quarter total Company net production averaged 388,000 net boed at the upper end of guidance; U.S. resource play production averaged 204,000 net boedReduced North America E&P... More