Marathon Oil (MRO) Tops Q3 EPS by 9c
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Marathon Oil Reports Third Quarter 2016 Results
November 2, 2016 4:30 PM EDTHouston, Nov. 02, 2016 (GLOBE NEWSWIRE) --
Marathon Oil Corporation (NYSE: MRO) today reported a third quarter 2016 net loss of $192 million, or $0.23 per diluted share. The net loss includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. The adjusted net loss for the quarter was $97 million or $0.11 per diluted share.
Highlights
Third quarter total Company production averaged 402,000 net boed, above the top end of guidance and up 5% sequentiallyOklahoma Resource Basins' production up more than 50%... More
