Investing.com - Marathon Oil (NYSE:MRO) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Marathon Oil announced earnings per share of $-0.16 on revenue of $1.02B. Analysts polled by Investing.com anticipated EPS of $-0.15 on revenue of $1.04B. That with comparison to EPS of $0.31 on revenue of $1.2B in the same period a year before.Marathon Oil had reported EPS of $0.07 on revenue of $1.22B in the previous quarter.Analysts are expecting EPS of $-0.55 and revenue of $646.28M in the upcoming quarter.
Marathon Oil shares are down 58% from the beginning of the year and are trading at $5.60 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.21% year to date.
Marathon Oil follows other major Energy sector earnings this month
Marathon Oil's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $0.53 on revenue of $56.16B, compared to forecasts EPS of $0.01 on revenue of $53.53B.
Chevron had beat expectations on Friday with first quarter EPS of $1.29 on revenue of $31.5B, compared to forecast for EPS of $0.65 on revenue of $29.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar