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Marathon Oil quarterly loss widens on higher costs
November 1, 2017 / 8:41 PM / 18 days ago

Marathon Oil quarterly loss widens on higher costs

Nov 1 (Reuters) - U.S. oil producer Marathon Oil Corp reported a bigger quarterly loss on Thursday, hit by higher costs.

The company’s net loss widened to $599 million, or 70 cents per share, in the third quarter ended Sept. 30, from $192 million, or 23 cents per share, a year earlier.

The Houston-based company’s revenue rose to $1.25 billion from $990 million. (Reporting by Anirban Paul in Bengaluru; Editing by Shounak Dasgupta)

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