HOUSTON (AP) — HOUSTON (AP) — Marathon Oil Corp. (MRO) on Wednesday reported fourth-quarter earnings of $525 million.
On a per-share basis, the Houston-based company said it had net income of 82 cents. Earnings, adjusted for non-recurring costs, came to 88 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The energy company posted revenue of $1.73 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.71 billion.
For the year, the company reported profit of $3.61 billion, or $5.26 per share. Revenue was reported as $8.04 billion.
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