Return on Assets (ROA)
since 2005
Calculation
Marathon Oil Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 5.57% | = | 100 | × | 946) | ÷ | 16,994) |
| Dec 31, 2020 | -8.08% | = | 100 | × | (1,451) | ÷ | 17,956) |
| Dec 31, 2019 | 2.37% | = | 100 | × | 480) | ÷ | 20,245) |
| Dec 31, 2018 | 5.14% | = | 100 | × | 1,096) | ÷ | 21,321) |
| Dec 31, 2017 | -26.00% | = | 100 | × | (5,723) | ÷ | 22,012) |
| Dec 31, 2016 | -6.88% | = | 100 | × | (2,140) | ÷ | 31,094) |
| Dec 31, 2015 | -6.82% | = | 100 | × | (2,204) | ÷ | 32,311) |
| Dec 31, 2014 | 8.46% | = | 100 | × | 3,046) | ÷ | 36,011) |
| Dec 31, 2013 | 4.92% | = | 100 | × | 1,753) | ÷ | 35,620) |
| Dec 31, 2012 | 4.48% | = | 100 | × | 1,582) | ÷ | 35,306) |
| Dec 31, 2011 | 9.39% | = | 100 | × | 2,946) | ÷ | 31,371) |
| Dec 31, 2010 | 5.13% | = | 100 | × | 2,568) | ÷ | 50,014) |
| Dec 31, 2009 | 3.11% | = | 100 | × | 1,463) | ÷ | 47,052) |
| Dec 31, 2008 | 8.27% | = | 100 | × | 3,528) | ÷ | 42,686) |
| Dec 31, 2007 | 9.25% | = | 100 | × | 3,956) | ÷ | 42,746) |
| Dec 31, 2006 | 16.98% | = | 100 | × | 5,234) | ÷ | 30,831) |
| Dec 31, 2005 | 10.64% | = | 100 | × | 3,032) | ÷ | 28,498) |
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
The financial trajectory from 2005 to 2021 is characterized by significant volatility in profitability and a substantial long-term contraction of the asset base. The Return on Assets (ROA) exhibited extreme fluctuations, shifting from double-digit peaks in the mid-2000s to severe negative territory during the mid-2010s, before reaching a state of unstable recovery in the final years of the period.
- Asset Base Evolution
- Total assets experienced an initial expansion phase, growing from 28.498 billion USD in 2005 to a peak of 50.014 billion USD in 2010. Following this peak, a consistent and pronounced downward trend is observed. By December 31, 2021, total assets had declined to 16.994 billion USD, representing a reduction of approximately 66% from the 2010 high.
- Profitability and ROA Volatility
- The period between 2005 and 2014 was marked by positive net income and fluctuating ROA, which peaked at 16.98% in 2006. While the ratio remained positive throughout this decade, it showed a general decline in stability, dipping as low as 3.11% in 2009 before recovering to 8.46% in 2014.
- Period of Severe Impairment
- A critical downturn occurred between 2015 and 2017. Net losses began in 2015 and accelerated sharply, culminating in a net loss of 5.723 billion USD in 2017. Consequently, ROA plummeted from 8.46% in 2014 to a nadir of -26.00% in 2017, the most significant negative deviation in the analyzed timeframe.
- Recent Performance Trends
- From 2018 to 2021, the company entered a phase of inconsistent recovery. ROA returned to positive values in 2018 (5.14%) and 2019 (2.37%), but shifted again to a negative 8.08% in 2020 due to a net loss of 1.451 billion USD. The period concluded with a recovery to an ROA of 5.57% in 2021.
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Comparison to Competitors
Marathon Oil Corp., ROA, long-term trends, comparison to competitors
| Marathon Oil Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2021 | 5.57% | 6.52% | 8.91% | 6.80% |
| Dec 31, 2020 | -8.08% | -2.31% | -4.31% | -6.74% |
| Dec 31, 2019 | 2.37% | 1.23% | 10.20% | 3.95% |
| Dec 31, 2018 | 5.14% | 5.84% | 8.94% | 6.02% |
| Dec 31, 2017 | -26.00% | 3.62% | -1.17% | 5.65% |
| Dec 31, 2016 | -6.88% | -0.19% | -4.03% | 2.37% |
| Dec 31, 2015 | -6.82% | 1.72% | -4.54% | 4.80% |
| Dec 31, 2014 | 8.46% | 7.23% | 5.89% | 9.30% |
| Dec 31, 2013 | 4.92% | 8.44% | 7.76% | 9.39% |
| Dec 31, 2012 | 4.48% | 11.24% | 7.19% | 13.45% |
| Dec 31, 2011 | 9.39% | 12.84% | 8.12% | 12.40% |
| Dec 31, 2010 | 5.13% | 10.30% | 7.27% | 10.07% |
| Dec 31, 2009 | 3.11% | 6.37% | 3.18% | 8.26% |
| Dec 31, 2008 | 8.27% | 14.85% | -11.90% | 19.83% |
| Dec 31, 2007 | 9.25% | 12.56% | 6.69% | 16.78% |
| Dec 31, 2006 | 16.98% | 12.92% | 9.44% | 18.04% |
| Dec 31, 2005 | 10.64% | 11.20% | 12.64% | 17.34% |
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., ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Marathon Oil Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | 5.57% | 6.99% |
| Dec 31, 2020 | -8.08% | -4.83% |
| Dec 31, 2019 | 2.37% | 3.65% |
| Dec 31, 2018 | 5.14% | 6.26% |
| Dec 31, 2017 | -26.00% | 4.15% |
| Dec 31, 2016 | -6.88% | 0.55% |
| Dec 31, 2015 | -6.82% | 2.33% |
| Dec 31, 2014 | 8.46% | 8.01% |
| Dec 31, 2013 | 4.92% | 8.79% |
| Dec 31, 2012 | 4.48% | 11.62% |
| Dec 31, 2011 | 9.39% | 11.59% |
| Dec 31, 2010 | 5.13% | 9.45% |
| Dec 31, 2009 | 3.11% | 6.29% |
| Dec 31, 2008 | 8.27% | 9.80% |
| Dec 31, 2007 | 9.25% | 12.52% |
| Dec 31, 2006 | 16.98% | 13.98% |
| Dec 31, 2005 | 10.64% | 14.45% |
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., ROA, long-term trends, comparison to industry (energy)
| Marathon Oil Corp. | Energy | |
|---|---|---|
| Dec 31, 2021 | 5.57% | 6.84% |
| Dec 31, 2020 | -8.08% | -6.08% |
| Dec 31, 2019 | 2.37% | 1.97% |
| Dec 31, 2018 | 5.14% | 5.95% |
| Dec 31, 2017 | -26.00% | 3.55% |
| Dec 31, 2016 | -6.88% | 0.27% |
| Dec 31, 2015 | -6.82% | 2.39% |
| Dec 31, 2014 | 8.46% | 8.02% |
| Dec 31, 2013 | 4.92% | 8.90% |
| Dec 31, 2012 | 4.48% | 11.40% |
| Dec 31, 2011 | 9.39% | 11.40% |
| Dec 31, 2010 | 5.13% | 9.36% |
| Dec 31, 2009 | 3.11% | 6.46% |
| Dec 31, 2008 | 8.27% | 10.21% |
| Dec 31, 2007 | 9.25% | 12.80% |
| Dec 31, 2006 | 16.98% | 14.07% |
| Dec 31, 2005 | 10.64% | 14.36% |
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).