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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5807428581,4625632,4901,221
Cash and cash equivalents5807428581,4625632,4901,221
Receivables1,1427471,1221,0791,830877912
Inventory, net of allowances, customer advances and progress billings77767296126227313
Inventory77767296126227313
Disposal group, including discontinued operation   2711  
Other current assets2247832573671144
Total current assets:1,8211,6122,1352,9212,5663,6652,590
Noncurrent Assets
Property, plant and equipment14,49915,63817,00016,80417,66525,71827,061
Long-term investments and receivables4504476637458479311,003
Long-term investments4504476637458479311,003
Intangible assets, net (including goodwill)  9597115115115
Goodwill  9597115115115
Disposal group, including discontinued operation, noncurrent assets   3155  
Other noncurrent assets2242593527237646651,542
Total noncurrent assets:15,17316,34418,11018,40019,44627,42929,721
TOTAL ASSETS:16,99417,95620,24521,32122,01231,09432,311
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3419661,5371,6551,6801,3011,578
Accounts payable1,1108371,3071,3201,3951,0781,313
Employee-related liabilities7457112154108129133
Taxes payable1577211818117794132
Debt36    6861
Disposal group, including discontinued operation   7   
Other liabilities260247208170288253150
Total current liabilities:1,6371,2131,7451,8321,9682,2401,729
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,9785,4045,5015,4995,4946,5897,276
Long-term debt, excluding current maturities4,0365,4365,5365,5365,5367,3097,309
Finance lease, liability24  
Operating lease, liability2367107
Other undisclosed long-term debt and lease obligation(105)(99)(142)(37)(42)(720)(33)
Liabilities, other than long-term debt5615846121,3841,7924,4804,445
Asset retirement obligations2882412431,0811,4281,6971,601
Deferred tax liabilities, net  2,4382,441
Deferred income tax liabilities136163186
Liability, pension and other postretirement and postemployment benefits137180183195362345403
Disposal group, including discontinued operation, liabilities   1082  
Other undisclosed noncurrent liabilities1321942344781,050244308
Total noncurrent liabilities:4,6716,1826,3477,3618,33611,31312,029
Total liabilities:6,3087,3958,0929,19310,30413,55313,758
Stockholders' equity
Stockholders' equity attributable to parent10,68610,56112,15312,12811,70817,54118,553
Common stock937937937937937937770
Treasury stock, value(4,825)(4,089)(4,089)(3,816)(3,325)(3,431)(3,554)
Additional paid in capital7,2217,1747,2077,2387,3797,4466,498
Accumulated other comprehensive income (loss)827310563(62)(83)(135)
Retained earnings7,2716,4667,9937,7066,77912,67214,974
Total stockholders' equity:10,68610,56112,15312,12811,70817,54118,553
TOTAL LIABILITIES AND EQUITY:16,99417,95620,24521,32122,01231,09432,311

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,4673,0865,1906,5824,7654,6505,861
Cost of revenue(3,672)(3,667)(4,025)(4,157)(3,860)(4,669)(5,892)
Cost of goods and services sold   (842)(874)(1,595)(2,263)
Gross profit:1,795(581)1,1652,425905(19)(31)
Operating expenses(487)(599)(529)(758)(1,038)(881)(2,660)
Other operating expense, net
(Other Expenses)
(727)(596)(605)(575)(431)(511)(438)
Other undisclosed operating income727596605575431511438
Operating income (loss):1,308(1,180)6361,667(133)(900)(2,691)
Nonoperating income1461122203154
Investment income, nonoperating     149
Foreign currency transaction gain, before tax  498  
Other nonoperating income146713121745
Interest and debt expense(378)(307)(283)(280)(431)(402)(358)
Income (loss) from continuing operations before equity method investments, income taxes:944(1,481)3641,409(544)(1,271)(2,995)
Other undisclosed income from continuing operations before income taxes60162818903637
Income (loss) from continuing operations before income taxes:1,004(1,465)3921,427(454)(1,235)(2,958)
Income tax expense (benefit)(58)1488(331)(376)(905)754
Income (loss) from continuing operations:946(1,451)4801,096(830)(2,140)(2,204)
Loss from discontinued operations    (4,893)  
Net income (loss) available to common stockholders, diluted:946(1,451)4801,096(5,723)(2,140)(2,204)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):946(1,451)4801,096(5,723)(2,140)(2,204)
Other comprehensive income (loss)9(32)421252152142
Comprehensive income (loss), net of tax, attributable to parent:955(1,483)5221,221(5,702)(2,088)(2,062)

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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