Marathon earnings jump fourfoldDespite decline in oil production, high prices boost revenues 57% Allen Baker Petroleum News Contributing Writer
Marathon Oil Corp. kicked into high gear in the first quarter as net income more than quadrupled to $307 million from $67 million a year ago.
And the results were better than the Houston-based company’s fourth quarter, when profits were $194 million. High prices made the big difference as revenues....
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Price gain offset slightly by hedging
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