August 6, 2013 / 10:00 PM / in 4 years

Marathon Oil quarterly profit rises

1 Min Read

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.

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