Marathon Slightly Exceeds 4Q Guidance and Expects 4% Production Growth in 2019
Marathon delivered production of 411 thousand barrels of oil equivalent per day, or mboe/d in the fourth quarter, which was a hair above the midpoint of guidance and more or less flat sequentially, though on a divestiture-adjusted basis, oil volumes were up 17% year over year. The firm’s financial results were slightly better than expected as well, with adjusted EBITDA and adjusted earnings per share coming in at $915 million and $0.15, respectively (beating consensus estimates of $890 million a...Marathon Oil is an independent exploration and production company focused on the United States resource plays. The company also has international operations in Equatorial Guinea (E.G.). The company's segments are: United States, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the United States; and International, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States as well as produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol, in E.G.
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