Marathon Q3 Earnings Beat Estimates Even as Oil Prices Drop

Marathon Oil Corporation (MRO) reported third-quarter 2024 adjusted net income per share of 64 cents, beating the Zacks Consensus Estimate of 61 cents. The outperformance reflects better than expected domestic production numbers.However, the company’s bottom line fell from the year-ago adjusted profit of 77 cents due to lower commodity price realizations in its primary ‘U.S. E&P’ segment and higher costs.The company reported revenues of $1.8 billion, which came $82 million above the consensus mark but dropp ...