Marathon Oil Corporation (MRO) financial statements (2022 and earlier)

Company profile

Business Address P O BOX 3128
HOUSTON, TX 77253-3128
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments580   742 522
Cash and cash equivalents580   742 522
Receivables1,1421,0681,008921747643620
Inventory, net of allowances, customer advances and progress billings77777878767777
Inventory77777878767777
Derivative instruments and hedges, assets      79
Other current assets222519264783107
Other undisclosed current assets 4859701,125 1,119 
Total current assets:1,8211,6552,0752,1501,6121,9221,405
Noncurrent Assets
Property, plant and equipment14,49914,73415,01915,31315,63816,02916,424
Long-term investments and receivables450489458460447467476
Long-term investments450489458460447467476
Other noncurrent assets224283248310259245262
Total noncurrent assets:15,17315,50615,72516,08316,34416,74117,162
TOTAL ASSETS:16,99417,16117,80018,23317,95618,66318,567
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3411,2231,0811,033966847849
Accounts payable1,1101,028937918837730696
Employee-related liabilities74644937577276
Taxes payable1571319578724577
Debt363633500 500 
Other liabilities260417461366247219216
Total current liabilities:1,6371,6761,5751,8991,2131,5661,065
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,9784,0414,9194,9635,4045,4665,503
Long-term debt, excluding current maturities4,0363,9774,8754,9055,4365,405 
Finance lease, liability2430     
Operating lease, liability23344458676174
Other undisclosed long-term debt and lease obligation(105)   (99) 5,429
Liabilities, other than long-term debt561555579587584602607
Asset retirement obligations288286272251241236242
Deferred income tax liabilities136132156160163184171
Liability, pension and other postretirement and postemployment benefits137137151176180182194
Other undisclosed noncurrent liabilities1329393113194137217
Total noncurrent liabilities:4,6714,6895,5915,6636,1826,2056,327
Total liabilities:6,3086,3657,1667,5627,3957,7717,392
Stockholders' equity
Stockholders' equity attributable to parent10,68610,79610,63410,67110,56110,89211,175
Common stock937937937937937937937
Treasury stock, value(4,825)(4,105)(4,105)(4,113)(4,089)(4,089)(4,087)
Additional paid in capital7,2217,2137,2017,1957,1747,1597,143
Accumulated other comprehensive income828277112735737
Retained earnings7,2716,6696,5246,5406,4666,8287,145
Total stockholders' equity:10,68610,79610,63410,67110,56110,89211,175
TOTAL LIABILITIES AND EQUITY:16,99417,16117,80018,23317,95618,66318,567

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,8001,4531,1431,071830754272
Cost of revenue(970)(967)(899)(817)(914)(910)(866)
Gross profit:830486244254(84)(156)(594)
Operating expenses(91)(139)(139)(137)(166)(86)(109)
Operating income (loss):739347105117(250)(242)(703)
Nonoperating income14   6  
Interest and debt expense(257)(102)(19)    
Other undisclosed loss from continuing operations before equity method investments, income taxes    (307)  
Income (loss) from continuing operations before equity method investments, income taxes:49624586117(551)(242)(703)
Other undisclosed income (loss) from continuing operations before income taxes187(57)(60)(10)210(68)(62)
Income (loss) from continuing operations before income taxes:68318826107(341)(310)(765)
Income tax expense (benefit)(34)(4)(10)(10)3(7)15
Net income (loss) available to common stockholders, diluted:6491841697(338)(317)(750)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):6491841697(338)(317)(750)
Other comprehensive loss      (46)
Other undisclosed comprehensive income (loss)9   (32)  
Comprehensive income (loss):6581841697(370)(317)(796)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9)5(35)394820 
Comprehensive income (loss), net of tax, attributable to parent:649189(19)136(322)(297)(796)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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