Will U.S. E&P Unit Boost Marathon Oil's (MRO) Q1 Earnings?

Marathon Oil Corporation MROis set to release first-quarter 2018 financial results after the closing bell on May 2. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 15 cents on revenues of $1,342 million.

Last reported quarter, the company had delivered an impressive 250.

00% positive earnings surprise on the back of higher commodity price realizations and robust production growth. The company boasts an encouraging history of bottom-line expectation beats. It surpassed estimates in three of the last four quarters with an average positive surprise of 58.48%.