February 13, 2019 / 9:39 PM / 5 months ago

Marathon Oil posts fourth-quarter profit

Feb 13 (Reuters) - Oil and gas producer Marathon Oil Corp reported a fourth-quarter profit on Wednesday compared to a year-ago loss, on the back of higher oil production at its U.S. shale assets.

The company’s net income was $390 million, or 47 cents per share, in the fourth quarter ended Dec. 31, compared to a loss of $28 million, or 3 cents per share, a year earlier.

U.S. production rose to 306,000 barrels of oil equivalent per day (boe/d) from 262,000 boe/d. (Reporting by Debroop Roy in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below