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 2017 Results

May 4, 2017 4:30 PM EDT

HOUSTON, May 04, 2017 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) today reported a first quarter 2017 net loss from continuing operations of $50 million, or $0.06 per diluted share.

During the quarter, Marathon Oil entered into an agreement to sell its Canadian oil sands business, which is now reflected as discontinued operations. The net loss of $4,957 million, or $5.84 per diluted share, includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results, including a non-cash, after-tax impairment charge of $4,962 million from discontinued operations. The... More