On May 6, Marathon Oil Corp. (NYSE: MRO) detailed its first-quarter 2014 financial results. The quarter ended March 31, the company said.
Its adjusted net income was $613 million, up from first-quarter 2013’s $361 million, the company said.
Total income from North American exploration and production (E&P) was $214 million, and this increase over first-quarter 2013’s $59 million loss was due to lower exploration expenses and higher net sales volumes from U.S. plays, the company said.
Sales volumes from its overall North American operations, excluding Alaska, had increased from first-quarter ...