Marathon Oil Reports Third Quarter 2020 Results

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Go back to Marathon Oil Reports Third Quarter 2020 Results

Marathon Oil (MRO) Reports In-Line Q3 EPS

November 4, 2020 4:46 PM EST

Marathon Oil (NYSE: MRO) reported Q3 EPS of ($0.28), in-line with the analyst estimate of ($0.28). Revenue for the quarter came in at $754 million versus the consensus estimate of $757.58 million.

Highlights

Third quarter free cash flow generation of $180 million through strong execution across all elements of businessThird quarter capital expenditures of $176 million on successful and efficient resumption of drilling and completion activity; 25% reduction to completed well cost per lateral foot vs. 2019 averageThird quarter U.S. unit production cost of $4.32 per boe on strong cost control, a 13% reduction from 2019 average; reduced... More