Shares of Marathon Oil (MRO) rose some 1.5% during the past trading week. The energy company reported its third quarter results on Tuesday which were well-received by the market.
Third Quarter Results
Marathon Oil Corporation reported third quarter revenues of $4.16 billion, up 9.5% on the year. Revenues beat analysts consensus of $3.5 billion by a comfortable margin.
Marathon reported third quarter earnings of $450 million, up 11% on the year. Earnings per share rose from $0.57 per share last year to $0.63 over the past quarter. Adjusted earnings came in at $0.64 per diluted share, in line with analysts expectations.
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