Marathon Oil Corporation (MRO) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7428581,4625632,4901,2212,398
Cash and cash equivalents7428581,4625632,4901,2212,398
Receivables7471,1221,0791,8308779121,760
Inventory, net of allowances, customer advances and progress billings767296126227313357
Inventory767296126227313357
Disposal group, including discontinued operation  2711   
Other current assets47832573671144109
Other undisclosed current assets      (31)
Total current assets:1,6122,1352,9212,5663,6652,5904,593
Noncurrent Assets
Property, plant and equipment15,63817,00016,80417,66525,71827,06129,040
Long-term investments and receivables4476637458479311,0031,113
Long-term investments4476637458479311,0031,113
Intangible assets, net (including goodwill) 9597115115115459
Goodwill 9597115115115459
Disposal group, including discontinued operation, noncurrent assets  3155   
Other noncurrent assets2593527237646651,542806
Total noncurrent assets:16,34418,11018,40019,44627,42929,72131,418
TOTAL ASSETS:17,95620,24521,32122,01231,09432,31136,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9661,5371,6551,6801,3011,5783,021
Accounts payable8371,3071,3201,3951,0781,3132,545
Employee-related liabilities57112154108129133191
Taxes payable7211818117794132285
Debt    68611,068
Asset retirement obligation      41
Due to related parties      11
Disposal group, including discontinued operation  7    
Deferred tax liabilities    3
Other liabilities247208170288253150290
Other undisclosed current liabilities      (55)
Total current liabilities:1,2131,7451,8321,9682,2401,7294,379
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,4045,5015,4995,4946,5897,2765,323
Long-term debt, excluding current maturities5,4365,5365,5365,5367,3097,3096,377
Operating lease, liability67107
Other undisclosed long-term debt and lease obligation(99)(142)(37)(42)(720)(33)(1,054)
Liabilities, other than long-term debt5846121,3841,7924,4804,4455,289
Asset retirement obligations2412431,0811,4281,6971,6011,917
Deferred tax liabilities, net  2,4382,4412,486
Deferred income tax liabilities163186
Liability, pension and other postretirement and postemployment benefits180183195362345403598
Disposal group, including discontinued operation, liabilities  1082   
Other liabilities      288
Other undisclosed noncurrent liabilities1942344781,050244308 
Total noncurrent liabilities:6,1826,3477,3618,33611,31312,02910,612
Total liabilities:7,3958,0929,19310,30413,55313,75814,991
Stockholders' equity
Stockholders' equity attributable to parent10,56112,15312,12811,70817,54118,55321,020
Common stock937937937937937770770
Treasury stock, value(4,089)(4,089)(3,816)(3,325)(3,431)(3,554)(3,642)
Additional paid in capital7,1747,2077,2387,3797,4466,4986,531
Accumulated other comprehensive income (loss)7310563(62)(83)(135)(277)
Retained earnings6,4667,9937,7066,77912,67214,97417,638
Total stockholders' equity:10,56112,15312,12811,70817,54118,55321,020
TOTAL LIABILITIES AND EQUITY:17,95620,24521,32122,01231,09432,31136,011

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,0865,1906,5824,7654,6505,86111,258
Revenue, net   10,846
Cost of revenue(3,667)(4,025)(4,157)(3,860)(4,669)(5,892)(7,353)
Cost of goods and services sold  (842)(874)(1,595)(2,263)(4,351)
Gross profit:(581)1,1652,425905(19)(31)3,905
Operating expenses(599)(529)(758)(1,038)(881)(2,660)(2,306)
Other operating expense, net
(Other Expenses)
(596)(605)(575)(431)(511)(438)(462)
Other undisclosed operating income596605575431511438462
Operating income (loss):(1,180)6361,667(133)(900)(2,691)1,599
Nonoperating income6112220315448
Investment income, nonoperating    1497
Foreign currency transaction gain, before tax 498  21
Other nonoperating income671312174520
Interest and debt expense(307)(283)(280)(431)(402)(358)(297)
Income (loss) from continuing operations before equity method investments, income taxes:(1,481)3641,409(544)(1,271)(2,995)1,350
Income from equity method investments      424
Other undisclosed income (loss) from continuing operations before income taxes162818903637(413)
Income (loss) from continuing operations before income taxes:(1,465)3921,427(454)(1,235)(2,958)1,361
Income tax expense (benefit)1488(331)(376)(905)754(392)
Income (loss) from continuing operations:(1,451)4801,096(830)(2,140)(2,204)969
Income (loss) from discontinued operations   (4,893)  2,077
Net income (loss) available to common stockholders, diluted:(1,451)4801,096(5,723)(2,140)(2,204)3,046

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,451)4801,096(5,723)(2,140)(2,204)3,046
Other comprehensive income (loss)(32)421252152142(27)
Comprehensive income (loss), net of tax, attributable to parent:(1,483)5221,221(5,702)(2,088)(2,062)3,019

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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