By Micah Maidenberg
Revenue at Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -6.32% was flat in the second quarter but better than what analysts expected.
The Houston-based energy producer reported sales of $1.43 billion in the second quarter, compared with $1.42 billion a year ago. Analysts polled by FactSet forecast $1.36 billion in sales.
The company reported a profit of $161 million, or 20 cents a share, compared with $174 million, or 21 cents a share, in the second quarter last year.
Marathon also reported an adjusted profit of 23 cents a share. Analysts expected 13 cents a share in adjusted earnings, according to FactSet.
Production in the U.S. averaged 332,000 barrels of oil equivalent a day in the second quarter. Oil production rose 17% compared with last year.
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