Marathon Oil Corporation (MRO) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
P O BOX 3128 HOUSTON, TX 77253-3128 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 77 | 49 | 155 | 174 | 215 | 178 | |||
| Cash and cash equivalent | 77 | 49 | 155 | 174 | 215 | 178 | |||
| Receivables | 1,340 | 1,276 | 1,152 | 1,434 | 1,294 | 1,215 | |||
| Inventory, net of allowances, customer advances and progress billings | 161 | 179 | 186 | 174 | 136 | 136 | |||
| Inventory | 161 | 179 | 186 | 174 | 136 | 136 | |||
| Other current assets | 41 | 53 | 76 | 66 | 58 | 77 | |||
| Total current assets: | 1,619 | 1,557 | 1,569 | 1,848 | 1,703 | 1,606 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 17,387 | 17,303 | 17,213 | 17,411 | 17,524 | 17,463 | |||
| Long-term investments and receivables | 421 | 472 | 433 | 421 | 430 | 657 | |||
| Long-term investments | 421 | 472 | 433 | 421 | 430 | 657 | |||
| Other noncurrent assets | 313 | 336 | 360 | 239 | 262 | 286 | |||
| Total noncurrent assets: | 18,121 | 18,111 | 18,006 | 18,071 | 18,216 | 18,406 | |||
| TOTAL ASSETS: | 19,740 | 19,668 | 19,575 | 19,919 | 19,919 | 20,012 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,786 | 1,689 | 1,560 | 1,777 | 1,689 | 1,697 | |||
| Accounts payable | 1,564 | 1,514 | 1,364 | 1,582 | 1,537 | 1,480 | |||
| Accrued liabilities | 222 | 175 | 196 | 195 | 152 | 217 | |||
| Debt | 725 | 850 | 2,050 | 850 | 131 | 131 | |||
| Other liabilities | 319 | 310 | 312 | 279 | 305 | 318 | |||
| Total current liabilities: | 2,830 | 2,849 | 3,922 | 2,906 | 2,125 | 2,146 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,572 | 4,578 | 3,390 | 4,889 | 5,739 | 5,739 | |||
| Long-term debt, excluding current maturities | 4,572 | 4,578 | 3,378 | 4,876 | 5,724 | 5,723 | |||
| Finance lease, liability | 12 | 13 | 15 | 16 | |||||
| Liabilities, other than long-term debt | 907 | 884 | 958 | 823 | 720 | 650 | |||
| Asset retirement obligations | 336 | 329 | 326 | 308 | 299 | 296 | |||
| Deferred income tax liabilities | 477 | 462 | 419 | 386 | 278 | 209 | |||
| Liability, pension and other postretirement and postemployment benefits | 94 | 93 | 93 | 94 | 105 | 99 | |||
| Operating lease, liability | 120 | 35 | 38 | 46 | |||||
| Other undisclosed noncurrent liabilities | 225 | 213 | 100 | 75 | 91 | 89 | |||
| Total noncurrent liabilities: | 5,704 | 5,675 | 4,448 | 5,787 | 6,550 | 6,478 | |||
| Total liabilities: | 8,534 | 8,524 | 8,370 | 8,693 | 8,675 | 8,624 | |||
| Equity | |||||||||
| Equity, attributable to parent | 11,206 | 11,144 | 11,205 | 11,226 | 11,244 | 11,388 | |||
| Common stock | 937 | 937 | 937 | 937 | 937 | 937 | |||
| Treasury stock, value | (9,434) | (9,201) | (8,952) | (8,598) | (8,188) | (7,814) | |||
| Additional paid in capital | 7,141 | 7,129 | 7,172 | 7,163 | 7,159 | 7,149 | |||
| Accumulated other comprehensive income | 77 | 80 | 82 | 90 | 94 | 99 | |||
| Retained earnings | 12,485 | 12,199 | 11,966 | 11,634 | 11,242 | 11,017 | |||
| Total equity: | 11,206 | 11,144 | 11,205 | 11,226 | 11,244 | 11,388 | |||
| TOTAL LIABILITIES AND EQUITY: | 19,740 | 19,668 | 19,575 | 19,919 | 19,919 | 20,012 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,707 | 1,551 | 1,691 | 1,813 | 1,513 | 1,680 | ||
| Cost of revenue | (1,073) | (1,003) | (1,076) | (1,058) | (980) | (966) | ||
| Gross profit: | 634 | 548 | 615 | 755 | 533 | 714 | ||
| Operating expenses | (111) | (100) | (95) | (86) | (79) | (109) | ||
| Operating income: | 523 | 448 | 520 | 669 | 454 | 605 | ||
| Nonoperating expense | (17) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (343) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 523 | 448 | 160 | 669 | 454 | 605 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (78) | (66) | 280 | (89) | (89) | (79) | ||
| Income from continuing operations before income taxes: | 445 | 382 | 440 | 580 | 365 | 526 | ||
| Income tax expense | (96) | (85) | (43) | (127) | (78) | (109) | ||
| Net income available to common stockholders, diluted: | 349 | 297 | 397 | 453 | 287 | 417 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 349 | 297 | 397 | 453 | 287 | 417 | ||
| Other undisclosed comprehensive loss | (24) | |||||||
| Comprehensive income: | 349 | 297 | 373 | 453 | 287 | 417 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3) | (2) | 16 | (4) | (5) | (7) | ||
| Comprehensive income, net of tax, attributable to parent: | 346 | 295 | 389 | 449 | 282 | 410 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.