Marathon Oil Corp.(MRO) reported fourth quarter net income of $355 million or $0.50 per share, compared to a net loss of $41 million, or $0.06 per share in the year ago quarter.
Adjusted net income was $229 million or $0.32 per share, compared to net income of $1.025 billion or $1.44 per share, for the fourth quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues and other income for the quarter rose to $16.07 billion, from $14.70 billion in the year ago quarter. Four analysts had consensus revenue estimate of $13.69 billion for the quarter.
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