With a market cap of $15.1 billion, Marathon Oil Corporation (MRO) is an independent exploration and production company. Based in Houston, Texas, it operates primarily in the United States and Africa, focusing on building a strong integrated natural gas business and enhancing its upstream asset portfolio. The company is set to release its fiscal Q3 earnings results on Wednesday, Nov. 6.
For Q3 earnings results, analysts forecast MRO to post a profit of $0.68 per share, a decline of 11.7% from $0.77 per share in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion. MRO missed the consensus EPS estimate by nearly 6% in the last reported quarter.
