Investing.com - Marathon Oil reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Marathon Oil announced earnings per share of $1.02 on revenue of $1.75B. Analysts polled by Investing.com anticipated EPS of $0.9545 on revenue of $1.78B.
Marathon Oil shares are up 15% from the beginning of the year and are trading at $27.69 , down-from-52-week-high.They are outperforming the Nasdaq which is down 17.13% from the start of the year.
Marathon Oil follows other major Energy sector earnings this month
Marathon Oil's report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $2.07 on revenue of $90.5B, compared to forecasts EPS of $2.23 on revenue of $82.84B.
Chevron had missed expectations on Friday with first quarter EPS of $3.36 on revenue of $54.37B, compared to forecast for EPS of $3.4 on revenue of $51.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar