Stock Analysis on Net
Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 4, 2022.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Marathon Oil Corp., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income (loss)1 ÷ Revenues1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
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Dec 31, 2015 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Net Income (Loss) Trend
The net income exhibited a generally volatile pattern over the years. Initially, net income increased substantially from 3,032 million USD at the end of 2005 to a peak of 5,234 million USD in 2006. This was followed by fluctuations but remained positive through 2010. From 2011 onwards, notable volatility was observed, with net income falling sharply and turning negative in 2015 and 2016, reaching lows of -2,204 million and -2,140 million USD respectively. The loss deepened further in 2017 to -5,723 million USD. Subsequently, net income returned to positive territory in 2018 and 2019, though at lower levels than in the early years. A decline occurred again in 2020 with a loss of -1,451 million USD, followed by recovery to positive 946 million USD in 2021.
Revenues Trend
Revenues showed notable variation during the period analyzed. Starting at approximately 63,311 million USD in 2005, revenues exhibited a modest increase, peaking around 77,193 million USD in 2008. Post-2008, revenues declined sharply to 53,470 million USD in 2009, followed by an unusual drop to 14,663 million USD in 2011, evidencing a significant contraction or possible change in reporting. After this sharp drop, revenue levels remained relatively low and stable, fluctuating between approximately 3,097 million USD and 15,688 million USD during the latter years. The largest reductions in revenue correspond with periods of negative net income, indicating potential operational challenges or market difficulties impacting performance.
Net Profit Margin Analysis
The net profit margin reflected the variability observed in net income and revenues. Margins increased from 4.79% in 2005 to a peak of 20.09% in 2011, indicating strong profitability during that period despite the revenue drop. Margins then fluctuated widely, reaching very negative values in 2015 and 2016, with troughs of -39.91% and -53.09% respectively. The margin further worsened to -130.87% in 2017, signifying substantial losses relative to revenues. Following this, margins improved significantly, recovering to positive 18.57% in 2018 and maintaining positive, though lower values around 9.48% in 2019. The margin dipped again into negative territory in 2020 at -46.85% before rebounding to 16.89% in 2021. This variability highlights periods of financial stress interspersed with recovery phases.
Overall Observations
The data exhibits a pronounced instability in both income and profitability over the period, with revenue levels contracting sharply after 2008 and stabilizing at reduced levels. Profitability appears to be highly sensitive to the fluctuating revenues, with several years marked by significant losses and deeply negative profit margins, particularly in 2015–2017. The recovery phase starting in 2018 points to efforts in stabilizing operations and restoring profitability, although levels achieved remain below the early peak years. The company’s financial results suggest susceptibility to external market factors or internal operational challenges during the middle of the period, followed by phases of partial recovery.

Comparison to Competitors

Marathon Oil Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Marathon Oil Corp. Chevron Corp. ConocoPhillips Exxon Mobil Corp. Occidental Petroleum Corp.
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Oil, Gas & Consumable Fuels)

Marathon Oil Corp., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel
Marathon Oil Corp. Oil, Gas & Consumable Fuels
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Energy)

Marathon Oil Corp., net profit margin, long-term trends, comparison to industry (energy)

Microsoft Excel
Marathon Oil Corp. Energy
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).