Investing.com - Marathon Oil reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Marathon Oil announced earnings per share of $0.77 on revenue of $1.8B. Analysts polled by Investing.com anticipated EPS of $0.5564 on revenue of $1.56B.
Marathon Oil shares are up 28% from the beginning of the year and are trading at $21.10 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.11% from the start of the year.
Marathon Oil shares gained 0.14% in after-hours trade the report.
Marathon Oil follows other major Energy sector earnings this month
Marathon Oil's report follows an earnings beat by Exxon Mobil on February 1, who reported EPS of $2.05 on revenue of $84.97B, compared to forecasts EPS of $1.94 on revenue of $85.01B.
Chevron had missed expectations on January 28 with fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecast for EPS of $3.13 on revenue of $45.34B.
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