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.

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Marathon Oil Corp., P/E, long-term trends, calculation

Microsoft Excel

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$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Marathon Oil Corp. Annual Report.


The financial data over the analyzed periods reveal notable fluctuations in share price, earnings per share (EPS), and the price-to-earnings (P/E) ratio, reflecting changing market conditions and company performance.

Share Price Trends
Share price initially increased from $34.89 in 2006, peaking at $53.16 in 2008, followed by a steep decline to $23.27 in 2009. Thereafter, the price generally oscillated between $27 and $49 up to 2011, before experiencing a sharp drop to $7.39 in 2016. From this low point, the share price gradually recovered to $21.89 by 2022, though it remained below earlier highs.
Earnings per Share (EPS) Analysis
EPS exhibited volatility, starting at $4.13 in 2006 with a peak of $7.57 in 2007, followed by a decline to $2.07 in 2010. EPS showed some recovery between 2010 and 2011 but then fell into negative territory from 2016 to 2018, reaching a low of -$6.73 in 2018. Slight positive EPS returned intermittently after 2018, but overall EPS remained low and unstable, indicating challenges in maintaining consistent profitability.
Price-to-Earnings (P/E) Ratio Observations
The P/E ratio showed considerable variability across the periods. It started relatively low at 8.44 in 2006, dropped to a minimum of 4.67 in 2009, and climbed again to values above 15 between 2012 and 2014. From 2015 onwards, P/E data is partially missing; however, available values indicate elevated multiples, with ratios of 12.46, 16.99, and 16.91 in later years, possibly reflecting investor expectations of future growth despite earnings instability.

Overall, the data depict a company undergoing significant financial fluctuations, with an initial period of growth followed by marked declines in share price and earnings, including periods of negative profitability. The recovery in share price after 2016, alongside higher P/E ratios in some recent years, suggests cautious investor optimism amid ongoing earnings challenges.


Comparison to Competitors

Marathon Oil Corp., P/E, long-term trends, comparison to competitors

Microsoft Excel

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., P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

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)