Marathon Oil Corporation (MRO) Financial Statements (2024 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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1742151783341,109 
Cash and cash equivalents1742151783341,109 
Receivables1,4341,2941,2151,1461,3581,512
Inventory, net of allowances, customer advances and progress billings17413613612510393
Inventory17413613612510393
Other current assets665877666641
Other undisclosed current assets      1,162
Total current assets:1,8481,7031,6061,6712,6362,808
Noncurrent Assets
Property, plant and equipment17,41117,52417,46317,37714,24514,357
Long-term investments and receivables421430657577568528
Long-term investments421430657577568528
Deferred income tax assets     155325
Other noncurrent assets239262286315254268
Total noncurrent assets:18,07118,21618,40618,26915,22215,478
TOTAL ASSETS:19,91919,91920,01219,94017,85818,286
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7771,6891,6971,5401,9681,909
Taxes payable168143
Employee-related liabilities7650
Accounts payable1,5821,5371,4801,2791,4801,523
Accrued liabilities195152217261244193
Debt850131131402402273
Other liabilities279305318364305388
Other undisclosed current liabilities     (244)(193)
Total current liabilities:2,9062,1252,1462,3062,4312,377
Noncurrent Liabilities
Long-term debt and lease obligation4,8895,7395,7395,5393,6333,774
Long-term debt, excluding current maturities4,8765,7245,7235,5213,5793,709
Finance lease, liability131516181920
Liabilities, other than long-term debt823720650594559548
Asset retirement obligations308299296295283278
Deferred income tax liabilities386278209167159146
Liability, pension and other postretirement and postemployment benefits9410599100117124
Operating lease, liability353846323545
Other undisclosed noncurrent liabilities7591891044855
Total noncurrent liabilities:5,7876,5506,4786,2374,2404,377
Total liabilities:8,6938,6758,6248,5436,6716,754
Equity
Equity, attributable to parent11,22611,24411,38811,39711,18711,532
Common stock937937937937937937
Treasury stock, value(8,598)(8,188)(7,814)(7,512)(7,240)(6,118)
Additional paid in capital7,1637,1597,1497,2037,1967,186
Accumulated other comprehensive income9094991069894
Retained earnings11,63411,24211,01710,66310,1969,433
Total equity:11,22611,24411,38811,39711,18711,532
TOTAL LIABILITIES AND EQUITY:19,91919,91920,01219,94017,85818,286

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues1,8131,5131,6801,7332,2472,303
Cost of revenue(1,058)(980)(966)(833)(996)(935)
Gross profit:7555337149001,2511,368
Operating expenses(86)(79)(109)(152)(147)(74)
Operating income:6694546057481,1041,294
Nonoperating income (expense)   5  
Other undisclosed loss from continuing operations before equity method investments, income taxes   (227)  
Income from continuing operations before equity method investments, income taxes:6694546055261,1041,294
Other undisclosed income (loss) from continuing operations before income taxes(89)(89)(79)164(47)(49)
Income from continuing operations before income taxes:5803655266901,0571,245
Income tax expense(127)(78)(109)(165)(240)(279)
Income from continuing operations:453287417525817966
Income before gain (loss) on sale of properties:817966
Net income available to common stockholders, diluted:453287417525817966

Comprehensive Income ($ in millions)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:453287417525817966
Other undisclosed comprehensive income (loss)   24  
Comprehensive income:453287417549817966
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)(5)(7)(16)44
Comprehensive income, net of tax, attributable to parent:449282410533821970

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.

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