Marathon Oil Corp. (MRO) reported third-quarter net income of $413 million or $0.58 per share, compared to $2.064 billion, or $2.90 per share in the year ago quarter.
Adjusted net income for the quarter was $436 million, or $0.61 per share, compared to adjusted net income of $1.963 billion, or $2.76 per share, for the third quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues and other income for the quarter were $14.48 billion, down from $23.30 billion in the year ago quarter. Four analysts had consensus revenue estimate of $13.70 billion for the quarter.
The Company has narrowed its full year 2009 projection for production available for sale to be between 405,000 and 410,000 boepd, from its previous guidance of 390,000 to 410,000 boepd. Both the current and the previous guidance include almost 6,000 boepd of production from Gabon, now reported as a discontinued operation.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.