Marathon Announces Very Strong Well Performance in Multiple U.S. Resource Plays
Marathon Oil delivered production of 402 mboe/d in the third quarter, beating the top end of guidance (which was 370-395 mboe/d) and supporting better-than-expected financial results. Adjusted earnings per share was negative $0.11 (ahead of consensus’ negative $0.20 estimate).ÂManagement continues to shift the company toward a high-quality U.S.-focused E&P, and it was very strong well performance in U.S. resource plays that was primarily responsible for the company's outperformance in the t...
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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