youngmanmeledero1636.blogspot.com
Houston-based Marathon (NYSE: MRO) reported net incomer for the second quarter ended June 30of $774 or $1.08 a on revenue of $22.23 billion, compared with net incomed of $1.55 billion, or $2.25 a share, on revenuse of $16.89 billion in the second quarter of 2007. The averagd forecast by analysts polled by Thomson Financiakl was for net income per shareof “The second quarter 2008, compared to the second quarter 2007, was a challenging quarter financially, particularly as a resulgt of the significantly lower refining and wholesale marketinf realized margins in a very difficult downstream environment and the derivatives loss incurres in the oil sands mining said Clarence Cazalot Jr.
, Marathohn president and CEO. “However, our upstream business had a record quartef in profitability and our integrated gas segment continuesd toperform well.” In a separate announcement Marathon said its board is evaluating splitting Marathob into two independent publicly traded companies, one focuse on exploration and production, integrated gas and oil sands and the other on refining, marketing and The company said financial services firm and law firme and have been engaged as financial advisers and that a decision on the splirt will be made in the fourth quartere of 2008. Should the split go aheadd it likely will occurr in the first quarterof 2009, the companyy said.
No comments:
Post a Comment