Categories Earnings, Energy

Marathon Oil Corporation (NYSE: MRO): Q3 2019 Earnings Snapshot

— Marathon Oil Corporation (NYSE: MRO) reported adjusted earnings of $0.14 per share for the third quarter of 2019, vs. $0.06 per share expected.

Marathon Oil Corporation (NYSE: MRO): Q3 2019 Earnings Snapshot

— Net income was $165 million or $0.21 per share, compared to $254 million $0.30 per share last year

–Total revenues and other income declined to $1.35 billion from $1.67 billion last year, vs. $1.26 billion expected

— During the year-to-date period, the company repurchased about $300 million of its shares and paid $122 million of dividends

— U.S. oil production averaged 201,000 net bopd during third quarter, up 17% from year-ago quarter

— Company oil production averaged 216,000 net bopd during third quarter, up 14%

— Added over 1,000 operated locations, equivalent to about three years of inventory

— Signed agreement for Eagle Ford bolt-on of approximately 18,000 contiguous and largely undeveloped net acres

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