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Marathon Oil Q3 adjusted income $388 million

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Staff writer ▼ | November 4, 2014
Marathon Oil
Great expectations   $0.57 per diluted share

Marathon Oil Corporation reported third quarter 2014 adjusted income from continuing operations of $388 million, or $0.57 per diluted share, and adjusted net income of $515 million, or $0.76 per diluted share.

Reported income from continuing operations was $304 million, or $0.45 per diluted share, and reported net income was $431 million, or $0.64 per diluted share.

"Marathon Oil's U.S. resource plays delivered strong operational performance in the third quarter, and we remain on track to achieve greater than 30 percent production growth year-over-year in the resource plays," said Lee M. Tillman, Marathon Oil president and CEO.

"Both our Eagle Ford and Bakken net production delivered double-digit growth compared to the previous quarter. However, lower price realizations offset the impact of higher production volumes in our financial results.


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