Marathon Oil (MRO) Tops Q2 EPS by 5c

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Go back to Marathon Oil (MRO) Tops Q2 EPS by 5c

Marathon Oil Reports Second Quarter 2022 Results

August 3, 2022 4:30 PM EDT

Record Quarterly Free Cash Flow and over $1.7 Billion of YTD Shareholder Distributions

HOUSTON, Aug. 3, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) reported second quarter 2022 net income of $966 million, or $1.37 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $934 million, or $1.32 per diluted share. Net operating cash flow was $1,678 million, or $1,586 million before changes in working capital (adjusted CFO). Free cash flow was $1,323 million, or $1,213 million before changes in working capital and including E.G.... More