The company has reported total revenues of $14.48 billion for the third quarter of 2009, compared to $23.3 billion for the same quarter of 2008.

Marathon Oil has reported a net income of $1.11 billion, or $1.56 per diluted share, for the first nine months of 2009, compared to $3.57 billion, or $5 per diluted share, for the corresponding period of 2008.

Year-to-date total revenues were $38.07 billion, compared to $63.43 billion for the first nine months of 2008.

Clarence Cazalot Jr, president and CEO of Marathon Oil, said: "Marathon's strong and balanced portfolio of businesses performed well in the third quarter, despite ongoing uncertainties throughout the global economy. In our exploration and production segment, production available for sale rose 5% from the year-ago quarter, and the company made progress on development projects in Norway, the Gulf of Mexico and elsewhere."

A service of YellowBrix, Inc.