trending Market Intelligence /marketintelligence/en/news-insights/trending/1BsiJUI1iwuyLMZ-Gl6eew2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Marathon Oil Q2 adjusted net income climbs, tops estimates

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment


Marathon Oil Q2 adjusted net income climbs, tops estimates

Marathon Oil Corp. on Aug. 7 reported $189.0 million, or 23 cents per share, in adjusted net income for the second quarter, compared to $126.0 million, or 15 cents per share, in the year-ago quarter.

The S&P Global Market Intelligence consensus normalized earnings estimate for the second quarter was 14 cents per share.

Net income totaled $161.0 million, compared to $96.0 million in the prior-year period. Marathon recorded revenue of $1.43 billion in the second quarter, compared to $1.42 billion a year earlier.

Marathon said production came to 435,000 barrels of oil equivalent per day in the second quarter, compared to 419,000 boe/d in the prior-year period.

The company added that its board of directors had authorized an increase in the remaining share repurchase authorization to a total of $1.5 billion, an authorization increase of $950 million.

Marathon focuses on the Eagle Ford Shale in Texas, Permian Basin in New Mexico, STACK and SCOOP plays in Oklahoma, and Bakken Shale in North Dakota.