August 7, 2019 / 8:40 PM / 10 days ago

Marathon Oil profit jumps 50% on higher U.S. shale production

Aug 7 (Reuters) - Marathon Oil Corp reported a 50% jump in quarterly adjusted profit on Wednesday, as higher U.S. shale output countered lower realized crude prices.

Adjusted net income rose to $189 million, or 23 cents per share, in the second quarter ended June 30, from $126 million, or 15 cents per share, a year earlier.

Total production averaged 435,000 barrels of oil equivalent per day (boepd), up from 419,000 boepd. (Reporting by Debroop Roy in Bengaluru; Editing by Sriraj Kalluvila)

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