Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Marathon Oil Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Operating Profit Margin
- The operating profit margin exhibited a significant improvement from the end of 2017 through 2018, moving from a negative value of -3.04% in Q4 2017 to a peak of 28.24% in Q4 2018. This indicates an expanding operating efficiency and profitability during this period. However, a steep decline followed in 2020, with margins dropping sharply to negative values, reaching a low of -38.1% in Q3 2020. This suggests considerable operational challenges or cost escalations during that time. Recovery began in 2021, with margins improving steadily and reaching 44.87% by Q2 2022, signaling a strong rebound and enhanced operational performance.
- Net Profit Margin
- The net profit margin displayed extreme volatility over the periods analyzed. Starting with a severely negative margin of -130.87% in Q4 2017, it improved substantially to positive territory by Q4 2018, peaking at 18.57%. The profitability remained relatively strong through 2019 but deteriorated sharply in 2020, with margins falling to -46.85% in Q3. This highlights a period of substantial net losses, possibly due to extraordinary charges or revenue declines. From late 2020 onward, net margins progressively improved, turning positive in early 2021 and reaching 43.71% by mid-2022, indicating a notable recovery in bottom-line profitability.
- Return on Equity (ROE)
- The ROE followed a pattern consistent with the margins. It was deeply negative at the end of 2017 (-48.88%) and gradually recovered to positive territory by Q4 2018 (9.04%). Although modest positive returns were maintained through 2019, ROE contracted sharply in 2020, dropping to -13.74% by Q3 and remaining negative through much of 2021. The turnaround culminated in a return to positive territory by early 2022, with ROE reaching 26.91% by mid-year, indicating enhanced shareholder value creation recently.
- Return on Assets (ROA)
- The ROA demonstrated improvement from significantly negative levels at the end of 2017 (-26%), gradually approaching low positive values by the end of 2018 (5.14%). It remained relatively stable but moderate through 2019, before declining into negative territory in 2020 amid operational and financial challenges. After hitting lows in 2020, ROA progressively improved from 2021 onward, turning positive once more and rising to 16.97% by mid-2022. This points to improved asset utilization and operational efficiency in recent periods.
- Overall Trends and Insights
- All analyzed profitability and return metrics reveal a clear cyclical trend with a peak performance phase in 2018, followed by a steep decline in 2020 coinciding with global economic disruptions. The data suggests significant operational and financial strain during 2020, manifesting as sharp drops in margins and returns. Post-2020, a consistent recovery trend is evident across all metrics, culminating in substantially improved profitability and returns by mid-2022. The recovery is characterized by enhanced operational efficiency, improved net profitability, and better asset and equity utilization, signaling a positive outlook moving forward.
Return on Sales
Return on Investment
Operating Profit Margin
Marathon Oil Corp., operating profit margin calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Income (loss) from operations | 1,294) | 805) | 739) | 347) | 105) | 117) | (250) | (242) | (703) | 15) | 73) | 237) | 255) | 71) | 467) | 423) | 205) | 572) | 208) | (377) | (26) | 62) | |||||||
| Revenues | 2,168) | 1,761) | 1,732) | 1,438) | 1,254) | 1,177) | 822) | 761) | 490) | 1,024) | 1,233) | 1,249) | 1,381) | 1,200) | 1,380) | 1,538) | 1,447) | 1,537) | 1,230) | 1,162) | 993) | 988) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Operating profit margin1 | 44.87% | 32.27% | 23.35% | 6.80% | -6.73% | -33.17% | -38.10% | -24.43% | -9.46% | 11.87% | 12.56% | 19.77% | 22.11% | 20.95% | 28.24% | 24.48% | 11.31% | 7.66% | -3.04% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 19.86% | 16.73% | 14.81% | 11.53% | 6.49% | -7.90% | -6.22% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 37.07% | 36.63% | 29.84% | 22.86% | 14.26% | 4.66% | -12.74% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 15.93% | 12.25% | 11.91% | -2.07% | -6.88% | -12.46% | -14.85% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 34.71% | 25.87% | 17.59% | 4.22% | -23.09% | -79.26% | -79.89% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Operating profit margin = 100
× (Income (loss) from operationsQ2 2022
+ Income (loss) from operationsQ1 2022
+ Income (loss) from operationsQ4 2021
+ Income (loss) from operationsQ3 2021)
÷ (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
= 100 × (1,294 + 805 + 739 + 347)
÷ (2,168 + 1,761 + 1,732 + 1,438)
= 44.87%
2 Click competitor name to see calculations.
- Income (loss) from operations
- The income from operations exhibits significant volatility over the analyzed quarters. Starting with a positive $62 million in March 2017, it declines sharply to a loss of $377 million by September 2017. This is followed by a strong recovery throughout late 2017 and 2018, reaching $467 million by December 2017 and maintaining generally positive values during 2018. Income fluctuates in 2019, showing moderate profits with a low point of $15 million in March 2020 and then experiencing a steep decline into negative territory in the first half of 2020, bottoming at -$703 million in June 2020. From the latter half of 2020 into 2022, there is a clear recovery trend, with operating income steadily increasing, reaching $1,294 million by June 2022.
- Revenues
- Revenues demonstrate an overall upward trajectory with seasonal fluctuations. The initial quarters in 2017 display revenues just below $1 billion, which increase steadily into 2018, peaking at $1.538 billion in September 2018. A moderate decrease is noted during the latter part of 2018 and into 2019, with revenues fluctuating around the $1.2 billion to $1.4 billion range. A pronounced decline occurs in the first half of 2020, coinciding with global economic impacts, reaching a low of $490 million in June 2020. Subsequently, revenues recover strongly throughout 2021 and into mid-2022, surpassing previous highs and reaching $2.168 billion in June 2022.
- Operating profit margin
- The operating profit margin reflects considerable variation aligned with changes in income and revenue. Initially negative at -3.04% in late 2017, it improves substantially during 2018, reaching a high of 28.24% in September. The margin remains positive but declines through 2019 and reverses sharply to negative values in the first half of 2020, hitting -38.1% in June 2020. Following this period of loss, a recovery phase is evident, with margins turning positive again by late 2021 and strengthening markedly to a peak of 44.87% in June 2022. This margin expansion suggests improved operational efficiency or favorable market conditions in the most recent periods.
Net Profit Margin
Marathon Oil Corp., net profit margin calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) | 966) | 1,304) | 649) | 184) | 16) | 97) | (338) | (317) | (750) | (46) | (20) | 165) | 161) | 174) | 390) | 254) | 96) | 356) | (28) | (599) | (139) | (4,957) | |||||||
| Revenues | 2,168) | 1,761) | 1,732) | 1,438) | 1,254) | 1,177) | 822) | 761) | 490) | 1,024) | 1,233) | 1,249) | 1,381) | 1,200) | 1,380) | 1,538) | 1,447) | 1,537) | 1,230) | 1,162) | 993) | 988) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Net profit margin1 | 43.71% | 34.81% | 16.89% | -0.87% | -13.50% | -40.25% | -46.85% | -32.30% | -16.29% | 5.32% | 9.48% | 17.08% | 17.80% | 16.42% | 18.57% | 11.79% | -3.26% | -8.33% | -130.87% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | -5.87% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 24.34% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | -14.38% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 11.06% | 8.40% | 8.33% | -2.45% | -6.21% | -10.55% | -12.57% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -78.62% | -83.28% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Net profit margin = 100
× (Net income (loss)Q2 2022
+ Net income (loss)Q1 2022
+ Net income (loss)Q4 2021
+ Net income (loss)Q3 2021)
÷ (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
= 100 × (966 + 1,304 + 649 + 184)
÷ (2,168 + 1,761 + 1,732 + 1,438)
= 43.71%
2 Click competitor name to see calculations.
- Net Income (Loss) Trend
- The net income exhibits significant volatility over the analyzed periods. Initial quarters show substantial losses, particularly a pronounced loss of -4957 million USD in March 2017. This rapidly improves, with negative figures diminishing sharply by the end of 2017 and turning positive beginning in 2018. Positive net income peaks occur in 2022, reaching as high as 1304 and 966 million USD in the first two quarters. However, mid-2020 reports renewed losses, with a minimum net loss near -750 million USD, indicating sensitivity to external or operational factors during that period.
- Revenue Trends
- Revenues demonstrate an overall upward trend with some fluctuations. The revenue starts at approximately 988 million USD in early 2017 and shows steady growth into 2018, reaching peaks over 1500 million USD in some quarters. A noticeable dip occurs in the first half of 2020, with revenues declining to 490 million USD, possibly reflecting market or operational challenges. After mid-2020, revenues recover and continue to rise significantly, culminating in the highest values recorded in 2022, with revenues surpassing 2100 million USD.
- Net Profit Margin Analysis
- Net profit margin mirrors the volatility in net income and revenues. The margins start deeply negative in 2017, including an extreme negative margin of -130.87% in one quarter, signaling heavy losses relative to revenues. Improvement is evident through 2018 and 2019, with positive margins reaching above 17%. Margins become negative again in mid-2020, corresponding with the drop in net income and revenues, hitting a low of around -46.85%. The margin recovers swiftly after this period, becoming positive and improving to peak margins of over 40% in early 2022. This indicates increased profitability efficiency in recent periods.
- Overall Observations
- The company experiences a volatile financial performance characterized by significant losses in early periods transitioning to solid profitability in the later periods. Revenue growth aligns with improvements in profitability margins, aside from the setback during 2020, likely linked to broader economic conditions. The recovery trend post-2020 is robust, with both revenues and net profit margins reaching their highest levels, suggesting improved operational performance and market conditions. The interim losses and margin declines appear to be temporary disruptions rather than sustained trends.
Return on Equity (ROE)
Marathon Oil Corp., ROE calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) | 966) | 1,304) | 649) | 184) | 16) | 97) | (338) | (317) | (750) | (46) | (20) | 165) | 161) | 174) | 390) | 254) | 96) | 356) | (28) | (599) | (139) | (4,957) | |||||||
| Stockholders’ equity | 11,532) | 11,366) | 10,686) | 10,796) | 10,634) | 10,671) | 10,561) | 10,892) | 11,175) | 11,958) | 12,153) | 12,271) | 12,101) | 12,208) | 12,128) | 12,044) | 12,132) | 12,034) | 11,708) | 11,775) | 12,405) | 12,584) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROE1 | 26.91% | 18.94% | 8.85% | -0.38% | -5.10% | -12.26% | -13.74% | -10.40% | -5.83% | 2.17% | 3.95% | 7.25% | 8.09% | 7.49% | 9.04% | 5.63% | -1.44% | -3.41% | -48.88% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 18.92% | 14.02% | 11.24% | 7.29% | 2.69% | -5.89% | -4.21% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | -9.05% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | -14.28% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 39.51% | 29.49% | 11.42% | -1.73% | -25.93% | -70.84% | -79.85% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
ROE = 100
× (Net income (loss)Q2 2022
+ Net income (loss)Q1 2022
+ Net income (loss)Q4 2021
+ Net income (loss)Q3 2021)
÷ Stockholders’ equity
= 100 × (966 + 1,304 + 649 + 184)
÷ 11,532 = 26.91%
2 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several important trends and fluctuations over the period under review.
- Net Income (Loss)
- The net income figures exhibit significant volatility. Early periods in 2017 were marked by substantial losses, notably a severe loss of -4957 million US dollars in the first quarter. This was followed by considerable improvement, including positive net income in several quarters throughout 2018 and 2019, where gains ranged from modest to moderate levels. However, starting in early 2020, the company faced renewed losses, with sharp declines such as -750 million US dollars in the second quarter of 2020, reflecting difficult market conditions. Recovery signs appeared by late 2021 and into 2022, with net income rising strongly, peaking at 1304 million US dollars in the first quarter of 2022, indicating a positive turnaround.
- Stockholders’ Equity
- Stockholders’ equity displayed relative stability, with values hovering between approximately 10,500 and 12,500 million US dollars across the observed quarters. A slight downward trend is observable from early 2017 through 2020, coinciding with periods of net losses, suggesting erosion of equity. However, modest recovery occurs from late 2020 onward, with equity stabilizing and slightly increasing towards 11,532 million US dollars by mid-2022, indicating some restoration of shareholder value.
- Return on Equity (ROE)
- Return on equity showcases a pattern reflecting the net income trends. Early ROE figures in 2017 are negative and substantially low, consistent with the significant losses recorded. During mid-to-late 2018 and throughout 2019, ROE returns to positive territory, with peaks around 9% suggesting improved profitability. The onset of 2020 sees ROE dipping negative again, reaching lows in double digits negative percentages, aligned with net loss quarters. From late 2021 into 2022, ROE experiences a marked recovery, surging to above 20% by mid-2022, highlighting increased efficiency in generating shareholder returns during this period.
Overall, the data demonstrates an initial period of financial distress, followed by stabilization and moderate profitability, a challenging 2020 marked by losses and reduced returns, and a robust recovery phase through 2021 and into 2022, reflected in improving net income, equity levels, and significant strengthening of ROE.
Return on Assets (ROA)
Marathon Oil Corp., ROA calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) | 966) | 1,304) | 649) | 184) | 16) | 97) | (338) | (317) | (750) | (46) | (20) | 165) | 161) | 174) | 390) | 254) | 96) | 356) | (28) | (599) | (139) | (4,957) | |||||||
| Total assets | 18,286) | 17,981) | 16,994) | 17,161) | 17,800) | 18,233) | 17,956) | 18,663) | 18,567) | 19,715) | 20,245) | 20,373) | 21,282) | 21,410) | 21,321) | 21,778) | 21,871) | 21,634) | 22,012) | 22,947) | 24,241) | 24,537) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROA1 | 16.97% | 11.97% | 5.57% | -0.24% | -3.04% | -7.17% | -8.08% | -6.07% | -3.51% | 1.32% | 2.37% | 4.37% | 4.60% | 4.27% | 5.14% | 3.11% | -0.80% | -1.90% | -26.00% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 16.98% | 13.78% | 8.91% | 5.36% | 2.17% | 0.02% | -4.31% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | -6.74% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 14.82% | 9.89% | 3.09% | -0.43% | -5.92% | -16.34% | -18.52% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
ROA = 100
× (Net income (loss)Q2 2022
+ Net income (loss)Q1 2022
+ Net income (loss)Q4 2021
+ Net income (loss)Q3 2021)
÷ Total assets
= 100 × (966 + 1,304 + 649 + 184)
÷ 18,286 = 16.97%
2 Click competitor name to see calculations.
The net income (loss) of the company demonstrates significant volatility across the observed periods. Initially, there is a substantial loss of $4,957 million in March 2017, which sharply decreases to losses below $600 million in subsequent quarters of 2017. From the start of 2018 through the end of 2019, net income stabilizes into positive territory, fluctuating between approximately $96 million to $390 million, indicating a period of improved profitability. However, the company experiences renewed challenges in 2020 with consistent losses each quarter, reaching a low of $-750 million in June 2020. From 2021 onward, net income recovers robustly, attaining a peak of $1,304 million in March 2022 before slightly declining to $966 million in June 2022.
Total assets show a gradual downward trend over the entire timeframe. The asset base contracts from $24,537 million in March 2017 to a low point near $17,161 million in March 2022, followed by a modest increase to $18,286 million by June 2022. This decline suggests systematic asset reduction, potentially through divestitures, depreciation, or operational scaling, with a slight reversal toward the most recent period.
Return on assets (ROA) data is partially available and reveals considerable fluctuation. Early measurements are negative, with ROA plunging to -26% by September 2017. Subsequently, ROA transitions into positive performance from March 2018 and generally remains positive through late 2019, peaking at 5.14%. The year 2020 sees a marked deterioration with negative ROA values reaching as low as -8.08%, reflecting the period of net losses. Starting in 2021, ROA improves significantly, climbing from -0.24% in September 2021 to 16.97% by June 2022, indicating enhanced asset profitability and operational efficiency in the latter period.
- Summary of Financial Trends
- Net income experienced significant fluctuations, with an initial severe loss followed by recovery phases, interruptions by losses in 2020, and strong profitability in 2021 and 2022. Total assets steadily declined over the analysis period, with a slight rebound in early 2022. ROA varied widely, reflecting the volatility in earnings, with negative returns around periods of losses and strong positive returns coinciding with income recovery.
- These patterns collectively highlight periods of operational and financial stress, followed by phases of recovery and improved efficiency, particularly evident in the strong performance and profitability metrics from 2021 onward.