(Changes production figure in paragraph 3 to make it comparable
May 7 Marathon Oil Corp said on Tuesday
its quarterly profit fell from a year earlier, as lower prices
for crude oil weighed and the company wrote down the value of
some oil and gas properties.
Houston based Marathon reported a profit of $383 million, or
54 cents per share, compared with $417 million, or 59 cents per
share in the same quarter a year earlier.
Oil and gas for sale excluding Libya averaged 427,000
barrels oil equivalent (boe) per day, at the top end of the
company's estimate for production of 415,000 to 430,000 boe per
(Reporting By Anna Driver. Editing by Andre Grenon)