MARATHON OIL CORP

10-K & 10-Q Filings

Marathon Oil Corporation is an independent exploration and production company based in Houston, Texas. Its business strategy is to responsibly deliver leading cash returns to shareholders through a disciplined capital allocation framework. The company operates in two reportable segments: United States and International. The United States segment focuses on oil and gas exploration, development, and production in the U.S., primarily in the Eagle Ford, Bakken, Permian, and Oklahoma resource plays. The International segment deals with oil and gas exploration, development, and production in Equatorial Guinea (E.G.), including the production sharing contracts in the Alba PSC and Block D PSC, and the ownership of a LPG processing plant, LNG and methanol production facilities, and a methanol plant. Marathon Oil's website is marathonoil.com, and its ticker symbol is MRO.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$15282.00
16221.00
14959.00
11258.00
5861.00
4650.00
4765.00
6582.00
5190.00
3086.00
5467.00
8036.00
6697.00
1680.00
1551.00
-6.64%-7.68%Cost of Revenue (-)
$6475.00
5467.00
4403.00
4351.00
2263.00
1595.00
874.00
842.00
Gross Profit (+)
$8807.00
10754.00
10556.00
6907.00
3598.00
3055.00
3891.00
5740.00
Selling, General & Administrative (-)
$774.00
844.00
1039.00
1060.00
824.00
652.00
583.00
693.00
667.00
474.00
636.00
792.00
660.00
177.00
182.00
-1.32%2.82%Depreciation & Amortization (-)
$2266.00
2478.00
2790.00
2861.00
2957.00
2395.00
2372.00
2441.00
2397.00
2316.00
2066.00
1753.00
2211.00
520.00
524.00
-0.20%0.77%Non-recurring Operating Expenses (-)
$
132.00
752.00
67.00
229.00
89.00
21.00
144.00
60.00
-9.00
-13.00
-3.00
-3.00
0.00%Operating Expenses (-)
$3684.00
4051.00
5256.00
5308.00
6289.00
3955.00
4024.00
3768.00
4554.00
3702.00
3644.00
2684.00
2900.00
704.00
712.00
-1.97%1.14%Costs & Expenses (Total) (-)
$10469.00
9889.00
9755.00
9659.00
8552.00
5550.00
4898.00
4915.00
4554.00
4266.00
4159.00
4085.00
4449.00
1075.00
1103.00
-6.88%2.60%Operating Income/Loss (+)
$4813.00
6332.00
5204.00
1599.00
-2691.00
-900.00
-133.00
1667.00
636.00
-1180.00
1308.00
3951.00
2248.00
605.00
448.00
-6.15%-25.95%Non-operating Income/Expense (+)
$183.00
370.00
423.00
424.00
145.00
175.00
205.00
211.00
12.00
-74.00
-246.00
499.00
227.00
95.00
15.00
1.81%-84.21%Earnings before Tax (+)
$4427.00
6113.00
4930.00
1361.00
-2958.00
-1235.00
-454.00
1427.00
392.00
-1465.00
1004.00
3779.00
1911.00
526.00
382.00
-6.76%-27.38%Tax Expense (-)
$2720.00
4531.00
3337.00
392.00
-754.00
905.00
376.00
331.00
-88.00
-14.00
58.00
167.00
357.00
109.00
85.00
-15.57%-22.02%Income/Loss (Continuing Operations) (+)
$1707.00
1582.00
1593.00
969.00
-2204.00
-2140.00
-830.00
1096.00
480.00
-1451.00
946.00
3612.00
1554.00
417.00
297.00
-0.78%-28.78%Income/Loss (Discontinued Operations) (+)
$1239.00
160.00
2077.00
-4893.00
Net Income/Loss (+)
$2946.00
1582.00
1753.00
3046.00
-2204.00
-2140.00
-5723.00
1096.00
480.00
-1451.00
946.00
3612.00
1554.00
417.00
297.00
-5.19%-28.78%Net Income/Loss (Common) (+)
$2946.00
1582.00
1753.00
3046.00
-2204.00
-2140.00
-5723.00
1096.00
480.00
-1451.00
946.00
3612.00
1554.00
417.00
297.00
-5.19%-28.78%EPS (Basic)
$4.15
2.24
2.49
4.48
-3.26
-2.61
-6.73
1.30
0.59
-1.83
1.20
5.27
2.56
0.66
0.52
-3.95%-21.21%EPS (Diluted)
$4.13
2.23
2.47
4.46
-3.26
-2.61
-6.73
1.29
0.59
-1.83
1.20
5.26
2.56
0.66
0.52
-3.91%-21.21%Weighted Avg Shares (Basic)
710.00
706.00
705.00
680.00
677.00
819.00
850.00
846.00
810.00
792.00
787.00
685.00
607.00
628.00
576.00
-1.30%-8.28%Weighted Avg Shares (Diluted)
714.00
710.00
709.00
683.00
677.00
819.00
850.00
847.00
810.00
792.00
788.00
687.00
608.00
629.00
576.00
-1.33%-8.43%Cash
$493.00
684.00
264.00
2398.00
1221.00
2490.00
563.00
1462.00
858.00
742.00
580.00
334.00
155.00
178.00
49.00
-9.19%-72.47%Receivables
$1952.00
2416.00
2134.00
1729.00
912.00
877.00
1830.00
1079.00
1122.00
747.00
1142.00
1146.00
1152.00
1215.00
1276.00
-4.30%5.02%Inventory
$361.00
361.00
364.00
357.00
313.00
227.00
126.00
96.00
72.00
76.00
77.00
125.00
186.00
136.00
179.00
-5.38%31.62%Prepaid Expenses (Current)
$96.00
Other Assets (Current)
$322.00
301.00
213.00
109.00
144.00
71.00
47.00
284.00
83.00
47.00
22.00
66.00
76.00
77.00
53.00
-11.34%-31.17%Assets (Current)
$3224.00
3762.00
2975.00
4593.00
2590.00
3665.00
2566.00
2921.00
2135.00
1612.00
1821.00
1671.00
1569.00
1606.00
1557.00
-5.82%-3.05%Securities & Long-term Investments
$1383.00
1279.00
1201.00
1113.00
1003.00
931.00
847.00
745.00
663.00
447.00
450.00
577.00
433.00
657.00
472.00
-9.22%-28.16%Property, Plant & Equipment (Net)
$25324.00
28272.00
28145.00
29040.00
27061.00
25718.00
17665.00
16804.00
17000.00
15638.00
14499.00
17377.00
17213.00
17463.00
17303.00
-3.17%-0.92%Goodwill & Intangibles
$536.00
525.00
499.00
459.00
115.00
115.00
115.00
97.00
95.00
Other Assets
$904.00
1468.00
2800.00
806.00
1542.00
665.00
819.00
754.00
352.00
259.00
224.00
315.00
360.00
286.00
336.00
-7.39%17.48%Assets (Non-current)
$28147.00
31544.00
32645.00
31418.00
29721.00
27429.00
19446.00
18400.00
18110.00
16344.00
15173.00
18269.00
18006.00
18406.00
18111.00
-3.65%-1.60%Assets (Total)
$31371.00
35306.00
35620.00
36011.00
32311.00
31094.00
22012.00
21321.00
20245.00
17956.00
16994.00
19940.00
19575.00
20012.00
19668.00
-3.85%-1.72%Accounts Payable
$4072.00
4489.00
3891.00
3021.00
1578.00
1301.00
1680.00
1655.00
1537.00
966.00
1341.00
1540.00
1560.00
1697.00
1689.00
-7.68%-0.47%Debt (Current)
$141.00
384.00
203.00
1068.00
1.00
686.00
36.00
402.00
2050.00
131.00
850.00
24.99%548.85%Other Liabilities (Current)
$181.00
208.00
239.00
290.00
150.00
253.00
288.00
177.00
208.00
247.00
260.00
364.00
312.00
318.00
310.00
4.64%-2.52%Liabilities (Current)
$4394.00
5081.00
4333.00
4379.00
1729.00
2240.00
1968.00
1832.00
1745.00
1213.00
1637.00
2306.00
3922.00
2146.00
2849.00
-0.94%32.76%Debt (Non-current)
$4674.00
6512.00
6394.00
5323.00
7276.00
6589.00
5494.00
5499.00
5501.00
5404.00
3978.00
5521.00
3378.00
5723.00
4578.00
-2.67%-20.01%Other Liabilities
$5144.00
5430.00
5549.00
5289.00
4753.00
4724.00
2842.00
1862.00
846.00
778.00
693.00
716.00
1070.00
755.00
1097.00
-12.26%45.30%Liabilities (Non-current)
$9818.00
11942.00
11943.00
10612.00
12029.00
11313.00
8336.00
7361.00
6347.00
6182.00
4671.00
6237.00
4448.00
6478.00
5675.00
-6.39%-12.40%Liabilities (Total)
$14212.00
17023.00
16276.00
14991.00
13758.00
13553.00
10304.00
9193.00
8092.00
7395.00
6308.00
8543.00
8370.00
8624.00
8524.00
-4.32%-1.16%Treasury Stock
$2716.00
2560.00
2903.00
3642.00
3554.00
3431.00
3325.00
3816.00
4089.00
4089.00
4825.00
7512.00
8952.00
7814.00
9201.00
10.45%17.75%Retained Earnings
$12788.00
13890.00
15135.00
17638.00
14974.00
12672.00
6779.00
7706.00
7993.00
6466.00
7271.00
10663.00
11966.00
11017.00
12199.00
-0.55%10.73%AOCI
$-370.00
-433.00
-250.00
-277.00
-135.00
-83.00
-62.00
63.00
105.00
73.00
82.00
106.00
82.00
99.00
80.00
-19.19%Shareholder's Equity
$17159.00
18283.00
19344.00
21020.00
18553.00
17541.00
11708.00
12128.00
12153.00
10561.00
10686.00
11397.00
11205.00
11388.00
11144.00
-3.49%-2.14%Liabilities & Equity
$31371.00
35306.00
35620.00
36011.00
32311.00
31094.00
22012.00
21321.00
20245.00
17956.00
16994.00
19940.00
19575.00
20012.00
19668.00
-3.85%-1.72%Net Income/Loss
$2946.00
1582.00
1753.00
3046.00
-2204.00
-2140.00
-5723.00
1096.00
480.00
-1451.00
946.00
3612.00
1554.00
417.00
297.00
-5.19%-28.78%Depreciation & Amortization
$2266.00
2478.00
2790.00
2861.00
2957.00
2395.00
2372.00
2441.00
2397.00
2316.00
2066.00
1753.00
2211.00
520.00
524.00
-0.20%0.77%Increase/Decrease in Working Capital
$-689.00
514.00
167.00
54.00
261.00
87.00
144.00
197.00
387.00
-14.00
6.00
17.00
133.00
84.00
107.00
27.38%Share-based Compensation
$64.00
-31.00
48.00
50.00
53.00
60.00
57.00
40.00
38.00
43.00
10.00
11.00
-3.26%10.00%Adjustments to Reconcile Net Income
$3578.00
2435.00
3498.00
2441.00
3769.00
3213.00
7711.00
2138.00
2269.00
2924.00
2293.00
1816.00
2533.00
448.00
460.00
-2.84%2.68%Net Cash (Operating)
$6524.00
4017.00
5270.00
5487.00
1565.00
1073.00
1988.00
3234.00
2749.00
1473.00
3239.00
5428.00
4087.00
865.00
757.00
-3.82%-12.49%Capital Expenditure
$7247.00
5506.00
4390.00
1421.00
3251.00
928.00
2078.00
1540.00
2843.00
1344.00
1093.00
4627.00
2045.00
521.00
607.00
-10.01%16.51%Net Cash (Investing)
$-7667.00
-5439.00
-4521.00
-1746.00
-3202.00
-874.00
-2044.00
-1470.00
-2818.00
-1303.00
-1010.00
-4605.00
-2006.00
-522.00
-489.00
6.32%Increase/Decrease in Debt
$-2877.00
1852.00
-247.00
-203.00
927.00
-1.00
-1776.00
-100.00
-1400.00
1915.00
-501.00
-70.00
7.00
110.00%Increase/Decrease in Equity
$-223.00
-21.00
-500.00
-1000.00
-19.00
1236.00
-11.00
-713.00
-362.00
-92.00
-734.00
-2754.00
-1473.00
-334.00
-285.00
14.67%Dividends Paid
$567.00
480.00
508.00
543.00
460.00
162.00
170.00
169.00
162.00
64.00
141.00
220.00
251.00
63.00
64.00
-6.57%1.59%Net Cash (Financing)
$-2295.00
1600.00
-1162.00
-1593.00
462.00
1074.00
-2003.00
-859.00
-535.00
-286.00
-2391.00
-1069.00
-2260.00
-499.00
-374.00
25.05%Effect of Exchange Rate
$-20.00
13.00
-7.00
-14.00
-2.00
-4.00
4.00
-2.00
Increase/Decrease in Cash
$-3458.00
191.00
-420.00
2134.00
-1177.00
1269.00
-1925.00
899.00
-604.00
-116.00
-162.00
-246.00
-179.00
-156.00
-106.00
32.05%Cash (Beginning)
$3951.00
493.00
684.00
264.00
2398.00
1221.00
2488.00
563.00
858.00
742.00
580.00
334.00
334.00
155.00
-18.61%-53.59%Cash (Ending)
$493.00
684.00
264.00
2398.00
1221.00
2490.00
563.00
1462.00
742.00
580.00
334.00
155.00
178.00
49.00
-9.19%-72.47%NOPAT
$1855.84
1638.68
1681.54
2059.55
-3376.94
-240.49
-22.85
1280.33
778.78
-1191.28
1232.44
3776.40
1828.04
479.63
348.31
-0.13%-27.38%Gross Margin %
57.63%
66.30%
70.57%
61.35%
61.39%
65.70%
81.66%
87.21%
Operating Margin %
31.49%
39.04%
34.79%
14.20%
-45.91%
-19.35%
-2.79%
25.33%
12.25%
-38.24%
23.93%
49.17%
33.57%
36.01%
28.88%
NOPAT Margin %
12.14%
10.10%
11.24%
18.29%
-57.62%
-5.17%
-0.48%
19.45%
15.01%
-38.60%
22.54%
46.99%
27.30%
28.55%
22.46%
Net Margin %
19.28%
9.75%
11.72%
27.06%
-37.60%
-46.02%
-120.10%
16.65%
9.25%
-47.02%
17.30%
44.95%
23.20%
24.82%
19.15%
Tax Rate %
61.44%
74.12%
67.69%
-28.80%
-25.49%
73.28%
82.82%
23.20%
-22.45%
-0.96%
5.78%
4.42%
18.68%
20.72%
22.25%
ROA
5.92%
4.64%
4.72%
5.72%
-10.45%
-0.77%
-0.10%
6.01%
3.85%
-6.63%
7.25%
18.94%
9.34%
2.40%
1.77%
ROE
10.82%
8.96%
8.69%
9.80%
-18.20%
-1.37%
-0.20%
10.56%
6.41%
-11.28%
11.53%
33.14%
16.31%
4.21%
3.13%
ROIC
7.54%
5.92%
6.14%
6.97%
-12.35%
-0.93%
-0.12%
7.54%
4.54%
-7.60%
8.33%
21.88%
10.76%
2.80%
2.05%
Asset Turnover
0.49
0.46
0.42
0.31
0.18
0.15
0.22
0.31
0.26
0.17
0.32
0.40
0.34
0.08
0.08
Inventory Turnover
17.94
15.14
12.10
12.19
7.23
7.03
6.94
8.77
Equity Multiplier
1.83
1.93
1.84
1.71
1.74
1.77
1.88
1.76
1.67
1.70
1.59
1.75
1.75
1.76
1.76
Current Ratio
0.73
0.74
0.69
1.05
1.50
1.64
1.30
1.59
1.22
1.33
1.11
0.72
0.40
0.75
0.55
Quick Ratio
0.56
0.61
0.55
0.94
1.23
1.50
1.22
1.39
1.13
1.23
1.05
0.64
0.33
0.65
0.47
Debt/Equity Ratio
0.28
0.38
0.34
0.30
0.39
0.41
0.47
0.45
0.45
0.51
0.38
0.52
0.48
0.51
0.49
Working Capital/Sales
-0.08
-0.07
-0.08
0.00
0.03
0.03
0.13
0.01
0.01
0.01
0.05
-0.01
-0.03
-0.20
-0.22
Dividend Payout Ratio %
30.55%
29.29%
30.21%
26.36%
13.62%
67.36%
743.98%
13.20%
20.80%
5.37%
11.44%
5.83%
13.73%
13.14%
18.37%
Total Payout
$3667.00
-1351.00
1255.00
1746.00
-448.00
-1073.00
1957.00
882.00
524.00
256.00
2275.00
1059.00
2225.00
467.00
342.00
-4.08%-26.77%Payout Ratio %
197.59%
-82.44%
74.63%
84.78%
-13.27%
-446.18%
8564.47%
68.89%
67.29%
21.49%
184.59%
28.04%
121.71%
97.37%
98.19%