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Marathon Oil Corporation Message Board

  • patient_lt_investor patient_lt_investor Nov 4, 2013 4:15 PM Flag

    MRO Reports Great Quarterly Earnings!

    No doubt, a great quarter:

    HOUSTON, Nov. 4, 2013 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (MRO) today reported third quarter 2013 net income of $569 million, or $0.80 per diluted share, compared to net income in the second quarter of 2013 of $426 million, or $0.60 per diluted share. For the third quarter of 2013, adjusted net income was $617 million, or $0.87 per diluted share, compared to adjusted net income of $478 million, or $0.67 per diluted share, for the second quarter of 2013.

    Third quarter net income increased to $569 million, up 34% from second quarter
    Adjusted net income per share increased to $0.87, up 30% from second quarter
    Eagle Ford production doubled compared to third quarter 2012
    - Net production approx. 92,000 boed last seven days of October
    - Expect to achieve 2013 exit rate of approx. 100,000 boed net
    High bidder on two deepwater Gabon blocks, contract negotiations under way
    Previously announced $1 billion share repurchase program under way
    - $500 million complete, phase 2 expected to commence in fourth quarter
    2013 reserve replacement expected to exceed 140%, excluding acquisitions and divestitures

    Three Months

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