Marathon Oil Earnings Beat Expectations with Higher Production and Lower Costs

Houston oil producer and shale exploration company Marathon Oil reported better than expected first quarter earnings after the close Wednesday. MRO reported adjusted earnings of $420 million or $0.67 per share for the period. Ahead of analysts $0.60 per share expectations. The company’s revenue for the quarter fell 4.0% to $1.68 billion from $1.75 billion last year. Marathon Oil Corporation NYSE: $MRO Marathon Oil Q1 23 Earnings: Highlights Production U.S. Equatorial Guinea Ensign Natural Resources As previously announced, Marathon Oil … Continue reading “Marathon Oil Earnings Beat Expectations with Higher Production and Lower Costs”

Most Texas Refineries Have Restarted Since Big Freeze

The big freeze from the arctic blast knocked out more than 18 of the Texas refineries just a month ago. For these refineries it has been a battle to repair and restart. 16 of those 18 plants shut by freeze have started some or all units. In that time demand has risen and already some are able to run at full rates on better margins.

Marathon Oil Earnings Beat on Eagle Ford and Bakken Outlook

Houston, Texas oil producer and shale exploration company Marathon Oil reported better than expected fourth quarter earnings after the close Wednesday. $MRO guided production higher led by profits from South Texas’ Eagle Ford shale and North Dakota’s Bakken shale.

Shale Producers Earnings Expected To Soar With Oil at Four Year Highs

Big Oil earnings delivered big profits from soaring oil and gas revenues. Energy earnings pick up with a slew of Shale names reporting. This week we have  $EOG $DVN $CXO $PE $PXD $FRAC $NBL $ECA $BP $APC $CLR $MTDR $PDCE $MRO $SRCI $CHK