Analysis of Inventory
Inventory Disclosure
Marathon Oil Corp., balance sheet: inventory
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude oil and natural gas | 8) | 10) | 10) | 11) | 9) | ||||||
| Supplies and other items | 69) | 66) | 62) | 85) | 117) | ||||||
| Inventories | 77) | 76) | 72) | 96) | 126) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Item | Description | The company |
|---|---|---|
| Inventories | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | Marathon Oil Corp. inventories increased from 2019 to 2020 and from 2020 to 2021. |