Marathon Oil Corp. (MRO) Tuesday provided certain preliminary first-quarter financial and operational estimates in light of uncertainty from Winter Storm Uri.
The company said its total oil production was 172,000 net barrels of oil per day, with sales of 168,000 net bopd. Total company oil-equivalent production was 345,000 net boed with sales of 341,000 net boed.
Estimated unhedged U.S. segment realizations were of approximately $55/bbl for oil, $24/bbl for NGLs, and $6.30/mcf for natural gas.
The company recorded general and administrative expense of around $90 million, including $11 million of severance expense and $13 million of corporate aircraft lease termination expense, both related to cost reduction actions during first quarter 2021.
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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.