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 following 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