Marathon Oil Corporation Blows Off Harvey to Post Expectation-Beating Results
Marathon Oil (NYSE: MRO) easily overcame the headwind of Hurricane Harvey during the third quarter to post better than expected production and financial results. The company did so by delivering strong results across its four U.S. resource plays as well as keeping a lid on costs.
Those drilling results put the company on pace to exceed its already lofty expectations for 2017, which led it to raise its full-year guidance. Even more remarkable, the company anticipates it will achieve that accelerated growth rate and pay its dividend while living within expected cash flow. That puts the company into an elite group of oil companies that are thriving in the current market environment.
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Source: Fool.com
