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Marathon Oil Corporation (MRO)
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Marathon Oil Corporation Balance Sheet 2023-2006 | MRO
Brief overview of Marathon Oil Corporation's financial position
This overview follows the five latest available annual observations between 2019 and 2023.
Assets ended near their starting level at $19.6 billion versus $20.2 billion. This was preservation of scale rather than expansion.
Assets and liabilities changed at similar rates, -3.3% and +3.4%. The funding mix did not shift sharply.
Equity funds 57.2% of assets versus 60% initially. This creates a conservative balance sheet structure.
Net debt is $3.3 billion, or 0.3x of equity. This is a conservative debt position.
Cash accounts for 0.8% of assets versus 4.2% initially. The change indicates the degree of financial flexibility.
Retained earnings stand at $12 billion; the five-period change was +49.7%. This reflects accumulated business performance.
Conclusion
Marathon Oil Corporation's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet Marathon Oil Corporation
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.33 B | 5.28 B | 3.44 B | 4.73 B | 4.74 B | 4.04 B | 4.93 B | 4.09 B | 6.16 B | 3.09 B | 6.13 B | 5.83 B | 4.18 B | 3.65 B | 6.38 B | 5.8 B | - | - |
Long Term Debt |
3.38 B | 5.52 B | 3.98 B | 5.4 B | 5.5 B | 5.5 B | 5.49 B | 6.58 B | 7.28 B | 5.3 B | 6.39 B | 6.51 B | 4.67 B | 7.6 B | 8.44 B | 7.09 B | - | - |
Long Term Debt Current |
109 M | 94 M | 40 M | 70 M | 101 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | 6.35 B | 7.36 B | 8.34 B | 11.3 B | 12 B | 10.6 B | 11.9 B | 11.9 B | 9.82 B | - | - | - | - | - |
Total Current Liabilities |
3.92 B | 2.31 B | 1.64 B | 1.21 B | 1.74 B | 1.83 B | 1.97 B | 2.24 B | 1.73 B | 4.38 B | 4.33 B | 5.08 B | 4.39 B | 11.1 B | 9.06 B | 7.75 B | - | - |
Total Liabilities |
8.37 B | 8.54 B | 6.31 B | 7.4 B | 8.09 B | 9.19 B | 10.3 B | 13.6 B | 13.8 B | 15 B | 16.3 B | 17 B | 14.2 B | 26.2 B | 25.1 B | 21.3 B | - | - |
Retained Earnings |
12 B | 10.7 B | 7.27 B | 6.47 B | 7.99 B | 7.71 B | 6.78 B | 12.7 B | 15 B | 17.6 B | 15.1 B | 13.9 B | 12.8 B | 19.9 B | 18 B | 17.3 B | - | - |
Total Assets |
19.6 B | 19.9 B | 17 B | 18 B | 20.2 B | 21.3 B | 22 B | 31.1 B | 32.3 B | 36 B | 35.6 B | 35.3 B | 31.4 B | 50 B | 47.1 B | 42.7 B | - | - |
Cash and Cash Equivalents |
155 M | 334 M | 580 M | 742 M | 858 M | 1.46 B | 563 M | 2.49 B | 1.12 B | 2.21 B | 264 M | 684 M | 493 M | 3.95 B | 2.06 B | 1.28 B | 1.2 B | 2.58 B |
Book Value |
11.2 B | 11.4 B | 10.7 B | 10.6 B | 12.2 B | 12.1 B | 11.7 B | 17.5 B | 18.6 B | 21 B | 19.3 B | 18.3 B | 17.2 B | 23.8 B | 21.9 B | 21.4 B | - | - |
Total Shareholders Equity |
11.2 B | 11.4 B | 10.7 B | 10.6 B | 12.2 B | 12.1 B | 11.7 B | 17.5 B | 18.6 B | 21 B | 19.3 B | 18.3 B | 17.2 B | 23.8 B | 21.9 B | 21.4 B | 19.2 B | 14.6 B |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet Marathon Oil Corporation
| 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
4.57 B | 4.57 B | 4.58 B | 4.88 B | 5.72 B | 5.72 B | 5.52 B | 3.58 B | 3.71 B | 3.91 B | 3.98 B | 3.98 B | 4.88 B | 4.9 B | 5.4 B | 5.4 B | 5.5 B | 5.5 B | 5.5 B | 4.9 B | 4.9 B | 5.5 B | 5.5 B | 5.5 B | 5.5 B | 5.5 B | 5.49 B | 6.49 B | 6.72 B | 5.72 B | 6.58 B | 7.28 B | 7.28 B | 7.28 B | 7.28 B | 7.32 B | 7.32 B | 5.33 B | 5.3 B | 6.36 B | 6.36 B | 6.39 B | 6.39 B | 6.43 B | 6.43 B | 6.48 B | 6.51 B | 4.52 B | 4.51 B | 4.56 B | 4.67 B | 4.7 B | 4.68 B | 7.99 B | 7.84 B | 7.83 B | 8.44 B | 8.58 B | 8.52 B |
Total Liabilities |
7.99 B | 8.53 B | 8.52 B | 8.69 B | 8.68 B | 8.62 B | 8.54 B | 6.67 B | 6.75 B | 6.62 B | 6.31 B | 6.36 B | 7.17 B | 7.56 B | 7.4 B | 7.77 B | 7.39 B | 7.76 B | 8.09 B | 8.1 B | 9.18 B | 9.2 B | 9.19 B | 9.73 B | 9.74 B | 9.6 B | 10.3 B | 11.2 B | 11.8 B | 12 B | 13.6 B | 13.4 B | 13.4 B | 13.5 B | 13.8 B | 15.3 B | 15.6 B | 14.1 B | 15 B | 16.5 B | 16.1 B | 16.3 B | 16.3 B | 16.8 B | 16 B | 16.5 B | 17 B | 16.5 B | 14.5 B | 14.3 B | 14.2 B | 13.8 B | 13.8 B | 27.2 B | 24.8 B | 24.7 B | 25.5 B | 23.3 B | 22.6 B |
Retained Earnings |
12.7 B | 12.5 B | 12.2 B | 11.6 B | 11.2 B | 11 B | 10.7 B | 10.2 B | 9.43 B | 8.52 B | 7.27 B | 6.67 B | 6.52 B | 6.54 B | 6.47 B | 6.83 B | 7.14 B | 7.9 B | 7.99 B | 8.05 B | 7.93 B | 7.81 B | 7.71 B | 7.36 B | 7.15 B | 7.09 B | 6.78 B | 6.85 B | 7.49 B | 7.67 B | 12.7 B | 14.1 B | 14.3 B | 14.5 B | 15 B | 15.8 B | 16.7 B | 17.2 B | 17.6 B | 16.9 B | 16.6 B | 16.2 B | 15.1 B | 14.9 B | 14.5 B | 14.2 B | 13.9 B | 13.7 B | 13.4 B | 13.1 B | 12.8 B | 12.4 B | 12.1 B | 20.7 B | 19.4 B | 18.9 B | 18.3 B | 17.9 B | 17.6 B |
Total Assets |
19.4 B | 19.7 B | 19.7 B | 19.9 B | 19.9 B | 20 B | 19.9 B | 17.9 B | 18.3 B | 18 B | 17 B | 17.2 B | 17.8 B | 18.2 B | 18 B | 18.7 B | 18.6 B | 19.7 B | 20.2 B | 20.4 B | 21.3 B | 21.4 B | 21.3 B | 21.8 B | 21.9 B | 21.6 B | 22 B | 22.9 B | 24.2 B | 24.5 B | 31.1 B | 32.3 B | 32.5 B | 32.9 B | 32.3 B | 34.7 B | 35.8 B | 34.7 B | 36 B | 36.7 B | 35.9 B | 36.2 B | 35.6 B | 35.8 B | 35 B | 35.1 B | 35.3 B | 34.6 B | 32.2 B | 31.9 B | 31.4 B | 30.5 B | 30.5 B | 51.9 B | 48.1 B | 47.5 B | 47.7 B | 45.4 B | 44.4 B |
Cash and Cash Equivalents |
134 M | 77 M | 49 M | 174 M | 215 M | 178 M | 334 M | 1.11 B | 1.16 B | 681 M | 580 M | 485 M | - | - | 742 M | - | 522 M | 817 M | 858 M | 1.16 B | 961 M | 1.02 B | 1.46 B | 1.56 B | 1.67 B | 1.61 B | 563 M | 1.8 B | 2.61 B | 2.49 B | 2.49 B | 1.95 B | 2.58 B | 2.07 B | 1.12 B | 1.68 B | 1.57 B | 1.13 B | 2.21 B | 761 M | 1.17 B | 1.96 B | 264 M | 354 M | 246 M | 768 M | 684 M | 671 M | 452 M | 513 M | 493 M | 4.63 B | 4.71 B | 5.72 B | 1.64 B | 2.06 B | 2.72 B | 1.37 B | 1.5 B |
Book Value |
11.4 B | 11.2 B | 11.1 B | 11.2 B | 11.2 B | 11.4 B | 11.4 B | 11.2 B | 11.5 B | 11.4 B | 10.7 B | 10.8 B | 10.6 B | 10.7 B | 10.6 B | 10.9 B | 11.2 B | 12 B | 12.2 B | 12.3 B | 12.1 B | 12.2 B | 12.1 B | 12 B | 12.1 B | 12 B | 11.7 B | 11.8 B | 12.4 B | 12.6 B | 17.5 B | 18.9 B | 19.2 B | 19.4 B | 18.6 B | 19.3 B | 20.2 B | 20.7 B | 21 B | 20.2 B | 19.9 B | 19.8 B | 19.3 B | 19 B | 19 B | 18.6 B | 18.3 B | 18.1 B | 17.8 B | 17.5 B | 17.2 B | 16.8 B | 16.7 B | 24.7 B | 23.4 B | 22.8 B | 22.2 B | 22.1 B | 21.8 B |
Total Shareholders Equity |
11.4 B | 11.2 B | 11.1 B | 11.2 B | 11.2 B | 11.4 B | 11.4 B | 11.2 B | 11.5 B | 11.4 B | 10.7 B | 10.8 B | 10.6 B | 10.7 B | 10.6 B | 10.9 B | 11.2 B | 12 B | 12.2 B | 12.3 B | 12.1 B | 12.2 B | 12.1 B | 12 B | 12.1 B | 12 B | 11.7 B | 11.8 B | 12.4 B | 12.6 B | 17.5 B | 18.9 B | 19.2 B | 19.4 B | 18.6 B | 19.3 B | 20.2 B | 20.7 B | 21 B | 20.2 B | 19.9 B | 19.8 B | 19.3 B | 19 B | 19 B | 18.6 B | 18.3 B | 18.1 B | 17.8 B | 17.5 B | 17.2 B | 16.8 B | 16.7 B | 24.7 B | 23.4 B | 22.8 B | 22.2 B | 22.1 B | 21.8 B |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of Marathon Oil Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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