for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Markets News

Marathon Oil posts fourth straight quarterly loss on virus hit

Nov 4 (Reuters) - U.S. shale producer Marathon Oil Corp reported a fourth straight quarterly loss on Wednesday, as the COVID-19 pandemic hammered demand for fuel and dented crude prices.

The company reported a loss of $317 million, or 40 cents per share, for the quarter ended Sept. 30, compared to a profit of $165 million, or 21 cents per share, a year earlier. (Reporting by Shradha Singh in Bengaluru; Editing by Vinay Dwivedi)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up