Categories Earnings, Energy

Marathon Oil (NYSE: MRO): Q4 2019 Earnings Snapshot

— Marathon Oil Corporation (NYSE: MRO) reported adjusted earnings of $0.07 per share for the fourth quarter of 2019 versus $0.10 per share expected.

— Revenues plunged by 31% to $1.22 billion versus $1.27 billion expected.

Marathon Oil (MRO) Q4 2019 earnings review

— The US production averaged 328,000 net barrels of oil equivalent per day (boed) during the fourth quarter, including 196,000 net barrels of oil per day (bopd).

— Oil production was up 9% from the year-ago quarter on a divestiture-adjusted basis.

— For full-year 2020, the company forecasts total US oil production growth of 6% at the midpoint of guidance.

— For the first quarter, the US oil production guidance is 192,000 to 202,000 net bopd and the international oil production outlook is 12,000 to 16,000 net bopd.

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