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(From CBS Marketwatch (Stories))
Byline: Sudeep Reddy
DALLAS (CBS.MW) -- Largely positive earnings reports from a slew of companies Thursday helped boost the energy sector into positive territory, though the oil service group lost steam at midday.
Tracking the integrated oils, the CBOE Oil Index gained 0.9 percent to 271.28.
Marathon Oil Corp. advanced 37 cents to $26.38 after reporting a second-quarter profit of $248 million, or 80 cents a share, better than the prior year's $168 million, or 54 cents. Adjusted for special items, Marathon earned $263 million, or 85 cents a share, up from $193 million, or 62 cents. Analysts had been expecting 94 cents a share on average in the most recent quarter, according to a Thomson First Call poll.