Marathon Oil Posts Q4 Loss From Cont. Ops. - Quick Facts

(RTTNews) - Marathon Oil Corp. (MRO) reported a fourth-quarter loss from continuing operations of $93 million or $0.14 per share, compared to profit of $136 million or $0.20 per share, prior year. Adjusted loss per share from continuing operations was $0.13, for the quarter. The company reported breakeven per share, on a total adjusted basis.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.03 for the quarter. Analysts' estimates typically exclude special items.

Revenues and other income decreased to $2.50 billion from $2.55 billion last year. Analysts expected revenue of $2.42 billion for the quarter. U.S. resource plays averaged net production of 206,000 boed, up 43% from the year-ago quarter.

Marathon Oil announced a $3.5 billion capital, investment and exploration budget for 2015, a further 20 percent decrease since the company's December capital budget update. For the full year, the company forecasts 370,000 to 390,000 net boed for production available for sale from the combined North America E&P and International E&P segments, excluding Libya, and 35,000 to 45,000 net barrels per day (bbld) of synthetic crude oil for the OSM segment. Marathon Oil expects its resource plays to achieve production growth of approximately 20 percent in 2015, year over year.