USA shale oil producer Marathon Oil (MRO.US) announced third-quarter results. Quarterly net profit fell by 81% year-on-year to 0.622 billion US dollars, diluted net profit per share for the quarter was 1.87 US dollars, and quarterly sales and other operating income fell by 14% year-on-year to 35.107 billion US dollars.

The company's quarterly oil & gas production was 0.421 million barrels of oil equivalent per day, an increase of 0.028 million barrels per day from the previous quarter. The oil production volume increased by 0.016 million barrels per day to 0.207 million barrels per day for the quarter. The company raised its full-year production forecast, benefiting from the increase in US oil consumption, expecting a total daily production of 0.393 million barrels of oil equivalent for the full year, 2,000 barrels more per day than the midpoint of the earlier forecast range.

The company previously accepted ConocoPhillips' (COP.US) proposed $22.5 billion acquisition, which is currently under review by the US Federal Trade Commission, and the transaction is expected to be completed within this year.