Investing.com - Marathon Oil (NYSE:MRO) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Marathon Oil announced earnings per share of $-0.6 on revenue of $272M. Analysts polled by Investing.com anticipated EPS of $-0.64 on revenue of $510.34M.
Marathon Oil shares are down 55% from the beginning of the year and are trading at $5.86 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3% from the start of the year.
Marathon Oil shares lost 2.01% in after-hours trade the report.
Marathon Oil follows other major Energy sector earnings this month
Marathon Oil's report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $-0.7 on revenue of $32.61B, compared to forecasts EPS of $-0.61 on revenue of $38.16B.
Chevron had missed expectations on Friday with second quarter EPS of $-1.59 on revenue of $13.49B, compared to forecast for EPS of $-0.93 on revenue of $21.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar