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Marathon Oil posts bigger quarterly loss

May 4 U.S. shale exploration company Marathon Oil Corp reported a bigger quarterly loss on Thursday, due to a nearly $5 billion impairment charge related to the sale of its Canadian oil sands business.

The company's net loss widened to $4.96 billion, or $5.84 per share, in the first quarter ended March 31, from $407 million, or 56 cents per share, a year earlier.

Houston-based Marathon Oil's revenue rose to $1.07 billion from $570 million. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Martina D'Couto)

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