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Marathon Oil quarterly profit lower,

Wednesday, 5 Feb 2014 | 5:20 PM ET

Feb 5 (Reuters) - Marathon Oil Corp said on Wednesday its quarterly profit fell and the U.S. oil and gas company saw a 23 percent decline in the price for its Canadian crude.

The Houston company had a fourth-quarter profit of $375 million, or 54 cents per share, compared with $569 million, or 80 cents per share in the same period a year earlier.

Total oil and gas sales volumes, excluding Libya, averaged 463,000 barrels of oil equivalent per day (boed), slightly higher than the prior quarter's volumes of 459,000 boepd.

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