Marathon Oil quarterly profit rises

Tue Aug 6, 2013 5:59pm EDT

Aug 6 (Reuters) - Marathon Oil Corp on Tuesday reported a higher quarterly profit, helped by higher prices for natural gas.

Marathon, based in Houston, reported a second-quarter profit of $426 million, or 60 cents per share, compared with $393 million, or 56 cents per share in the same quarter a year earlier.

Total oil and gas output, excluding Libya, averaged 457,000 barrels of oil equivalent per day (boed) down from 485,000 boed in the prior quarter.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.