Marathon Oil profit up

Marathon Oil Corporation  reported second quarter of 2014 adjusted net income was $603 million, compared to adjusted net income in the second quarter of 2013 of $478 million.

During the quarter, Marathon Oil entered into an agreement to sell its Norway business, which is now reflected as discontinued operations. Adjusted income from continuing operations, which excludes Norway and Angola, for the second quarter of 2014 was $423 million, compared to adjusted income from continuing operations in the second quarter of 2013 of $293 million.

For the second quarter of 2014, net income was $540 million, compared to net income in the second quarter of 2013 of $426 million. Income from continuing operations, which excludes Norway and Angola, for the second quarter of 2014 was $360 million, compared to income from continuing operations in the second quarter of 2013 of $241 million.