Marathon (MRO) Q2 Earnings Miss Despite Oil Price Improvement
MROMarathon Oil(MRO) ZACKS·2024-08-15 23:06

Marathon Oil Corporation (MRO) reported second-quarter 2024 adjusted net income per share of 63 cents, missing the Zacks Consensus Estimate of 67 cents. The underperformance reflects higher costs and tepid production numbers.However, the company’s bottom line rose from the year-ago adjusted profit of 48 cents due to higher commodity price realizations.The company reported revenues of 1.7billion,whichcame1.7 billion, which came 15 million above the consensus mark and rose 12.8% from the year-ago sales.Investors should know th ...