Marathon Oil Quarterly Loss Widens on Higher Costs

U.S. oil producer Marathon Oil Corp reported a bigger quarterly loss on Thursday, hit by higher costs.

 

The company's net loss widened to $599 million, or 70 cents per share, in the third quarter ended Sept. 30, from $192 million, or 23 cents per share, a year earlier.

 

The Houston-based company's revenue rose to $1.25 billion from $990 million.


(Reporting by Anirban Paul in Bengaluru; Editing by Shounak Dasgupta)