Edition:
United Kingdom

Marathon Oil Q2 Adjusted Earnings Per Share $0.15


Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Marathon Oil Corp ::MARATHON OIL REPORTS SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.15.Q2 EARNINGS PER SHARE $0.11 INCLUDING ITEMS.Q2 EARNINGS PER SHARE VIEW $0.20 -- THOMSON REUTERS I/B/E/S.FULL-YEAR GUIDANCE RAISED WITH BUDGET UNCHANGED.U.S. E&P PRODUCTION AVERAGED 298,000 NET BOED FOR Q2 2018, UP 5 PERCENT COMPARED TO PRIOR QUARTER.QTRLY TOTAL REVENUES AND OTHER INCOME $1,417 MILLION VERSUS $1,059 MILLION REPORTED LAST YEAR.Q2 U.S. E&P UNIT PRODUCTION COSTS WERE DOWN JUST OVER 20 CENTS SEQUENTIALLY TO $5.66 PER BOE.FULL-YEAR GUIDANCE RAISED WITH BUDGET UNCHANGED.INTERNATIONAL E&P PRODUCTION AVERAGED 121,000 NET BOED FOR Q2, UP 6 PERCENT COMPARED TO 114,000 NET BOED IN PRIOR QUARTER EXCLUDING LIBYA.EXPECTS Q3 2018 U.S. PRODUCTION TO AVERAGE 290,000 TO 300,000 NET BARRELS OF OIL EQUIVALENT PER DAY (BOED).QTRLY TOTAL COMPANY NET PRODUCTION AVAILABLE FOR SALE FROM CONTINUING OPERATIONS OF 419 MBOED VERSUS 360 MBOED REPORTED LAST YEAR.MARATHON OIL - SEES Q3 2018 INTERNATIONAL PRODUCTION TO AVERAGE 105,000 TO 115,000 NET BOED, LOWER THAN Q2.MARATHON OIL - INCREASED ANNUAL 2018 TOTAL PRODUCTION GUIDANCE TO 400,000 TO 415,000 NET BOED, UP FROM 390,000 TO 410,000 NET BOED.MARATHON OIL - RAISED GUIDANCE FOR 2018 ANNUAL RESOURCE PLAY OIL AND BARREL OF OIL EQUIVALENT (BOE) GROWTH TO 28 - 32 PERCENT.