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Marathon Oil Q2 Results Top Estimates

Marathon Oil Corp. (MRO) reported second quarter 2022 net income of $966 million or $1.37 per share, up from $16 million or $0.02 per share in the prior year.

Adjusted net income was $934 million or $1.32 per share compared to $173 million or $0.22 per share in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.26 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues and other income were $2.30 billion up from $1.14 billion in the prior year. Analysts expected revenue of $2.07 billion for the quarter.

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