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11/3/2009 - Marathon Oil (NYSE:MRO) reported Q3 EPS of $0.61, ex-items, beating consensus analyst estimates of $0.57. Revenue for the quarter fell 37.9% year-over-year to $14.48 billion, passing consensus estimates of $13.70 billion. President and CEO Clarence Cazalot said, "In our Exploration and Production segment, production available for sale rose 5 percent from the year-ago quarter, and the Company made progress on development projects in Norway, the Gulf of Mexico and elsewhere. Our Refining, Marketing and Transportation segment once again out-performed its peers in the domestic market that saw significantly lower gross margins versus a year ago."

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