Marathon Oil Corp. (MRO) released a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $287 million, or $0.51 per share. This compares with $453 million, or $0.75 per share, in last year's third quarter.
Excluding items, Marathon Oil Corp. reported adjusted earnings of $360 million or $0.64 per share for the period.
Analysts on average had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.2% to $1.791 billion from $1.813 billion last year.
Marathon Oil Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $287 Mln. vs. $453 Mln. last year.-EPS (Q3): $0.51 vs. $0.75 last year.-Revenue (Q3): $1.791 Bln vs. $1.813 Bln last year.
For comments and feedback contact: editorial@rttnews.com
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.