Resource Play Productivity Boosts Marathon’s 2Q Production, Guidance Raised
Marathon’s second-quarter financial results were consistent with Street expectations (adjusted EBITDA and adjusted earnings per share were $517 million and negative $0.17, respectively, in line with consensus’ estimates of $503 million and negative $0.14). But from an operating perspective, the quarter was very encouraging. The firm delivered production from continuing operations, excluding Libya, of 349 mboe/d in the second quarter, which was 8% higher year over year on a divestiture-adjusted b...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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