Marathon Oil Corporation Wednesday reported second-quarter revenues and adjusted net income of $2.30 billion and $1.32 per share, topping analyst expectations of $2.07 billion and $1.26 per share, respectively. On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Marathon Oil traded more than 1.93 times its average daily put volume on Thursday.
Marathon Oil Corp (MRO): * MARATHON OIL REPORTS SECOND QUARTER 2022 RESULTS. * Q2 ADJUSTED EARNINGS PER SHARE $1.32. * Q2 EARNINGS PER SHARE $1.37. * U.S. PRODUCTION AVERAGED 283,000 NET BARRELS OF OIL EQUIVALENT PER DAY FOR Q2 2022. * U.S. UNIT PRODUCTION COSTS AVERAGED $5.80 PER BOE DURING Q2. * FOR FULL YEAR 2022, RAISED E.G. EQUITY INCOME GUIDANCE TO A NEW RANGE OF $520 MILLION TO $560 MILLION.
Marathon Oil reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Marathon Oil beat estimated earnings by 2.33%, reporting an EPS of $1.32 versus an estimate of $1.29. Revenue was up $1.16 billion from the same period last year.
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and…
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.
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