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Marathon Oil Corporation  (MRO)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

MRO's Operating Income Growth by Quarter and Year

Marathon Oil's Operating Income results by quarter and year




MRO Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 520.00 748.00 739.00 -250.00
III Quarter September 669.00 1,104.00 347.00 -242.00
II Quarter June 454.00 1,294.00 105.00 -703.00
I Quarter March 605.00 805.00 117.00 15.00
FY   2,248.00 3,951.00 1,308.00 -1,180.00



MRO Operating Income fourth quarter 2023 Y/Y Growth Comment
Marathon Oil Corporation reported fall in Operating Income in the fourth quarter 2023 by -30.48% to $ 520.00 millions, from the same quarter in 2022.
Despite modest results in the fourth quarter 2023, contraction in Marathon Oil Corporation's Operating Income appears to be smaller than Company's recent average decline.

Looking into fourth quarter 2023 results within Oil And Gas Production industry 7 other companies have achieved higher Operating Income growth. While Marathon Oil Corporation' s Operating Income drop of -30.48% ranks overall at the positon no. 538 in the fourth quarter 2023.

Explain Operating Income growth


MRO Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -30.48 % 1.22 % - -
III Quarter September -39.4 % 218.16 % - -
II Quarter June -64.91 % 1132.38 % - -
I Quarter March -24.84 % 588.03 % 680 % -78.87 %
FY   -43.1 % 202.06 % - -

Financial Statements
Marathon Oil's fourth quarter 2023 Operating Income $ 520.00 millions MRO's Income Statement
Marathon Oil's fourth quarter 2022 Operating Income $ 748.00 millions Quarterly MRO's Income Statement
New: More MRO's historic Operating Income Growth >>


MRO Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -22.27 % -32.25 % 112.97 % -
III Quarter September 47.36 % -14.68 % 230.48 % -
II Quarter June -24.96 % 60.75 % -10.26 % -
I Quarter March -19.12 % 8.93 % - -79.45 %
FY (Year on Year)   -43.1 % 202.06 % - -




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #8
Energy Sector #15
Overall #538

Operating Income Y/Y Growth Statistics
High Average Low
1135.74 % -107.63 % -6727.27 %
(Sep 30 2022)   (March 31, 2016)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #8
Energy Sector #15
Overall #538
Operating Income Y/Y Growth Statistics
High Average Low
1135.74 % -107.63 % -6727.27 %
(Sep 30 2022)   (March 31, 2016)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Marathon Oil's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
259.15 % 18.37 % -89.74 %
(Jun 30 2019)  


MRO's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Marathon Oil Corporation realized fall in Operating Income from the previous quarter by -22.27% to $ 520.00 millions, from $ 669.00 millions achived in the previous reporting period.

When you evaluate recent downturn at the IV. Quarter, you suppose to presume, that commonly IV. Quarter Operating Income appear to be sluggish then in the preciding period

Within Oil And Gas Production industry 19 other companies have achieved higher Operating Income quarter on quarter growth. While Marathon Oil's Operating Income growth quarter on quarter, overall rank is 685.


Operating Income Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #20
Energy Sector #31
Overall #685
Operating Income Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #20
Energy Sector #31
Overall #685
Operating Income Q/Q Growth Statistics
High Average Low
259.15 % 18.37 % -89.74 %
(Jun 30 2019)  


MRO's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Marathon Oil Corporation reported fall in Operating Income from the previous quarter by -22.27% to $ 520.00 millions, from $ 669.00 millions declared in the previous reporting period.

When you evaluate current downturn in the IV. Quarter 2023, you suppose to assume, that usually IV. Quarter Operating Income emerge weaker then in the preciding period, Anvi Rangarajan , a business contributor added.

Within Oil And Gas Production industry 19 other companies have achieved higher Operating Income quarter on quarter growth. While Marathon Oil's Operating Income growth quarter on quarter, overall rank is 685.


Marathon Oil's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 2,248.00 $ 2,476.00 $ 2,911.00 $ 3,751.00 $ 3,951.00
Y / Y Operating Income Growth (TTM) -43.1 % -37.19 % -8.6 % 87.93 % 202.06 %
Year on Year Operating Income Growth Overall Ranking # 44 # 24 # 19 # 14 # 9
Seqeuential Operating Income Change (TTM) -9.21 % -14.94 % -22.39 % -5.06 % 0.23 %
Seq. Operating Income Growth (TTM) Overall Ranking # 538 # 603 # 352 # 448 # 57




Cumulative Operating Income growth Comment
Marathon Oil's cumulative 12 months Operating Income continue to drop, but on the faster rate at -43.1% year on year, at Dec 31 2023 compare to the -37.19% decrease at Sep 30 2023. If the Marathon Oil's fiscal year would end at Dec 31 2023, annual Operating Income would be $2,248 millions.

Looking into Energy sector trailing twelve month Operating Income increase, only one company had higher growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 24 to 44.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1135.74 %
-107.63 %
-6727.27 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 8
Energy Sector # 2
Overall # 44

Operating Income TTM Y/Y Growth Statistics
High Average Low
1135.74 %
-107.63 %
-6727.27 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 15
S&P 500 # 538
Cumulative Operating Income growth Comment
Marathon Oil's cumulative 12 months Operating Income continue to drop, but on the faster rate at -43.1% year on year, at Dec 31 2023 compare to the -37.19% decrease at Sep 30 2023. If the Marathon Oil's fiscal year would end at Dec 31 2023, annual Operating Income would be $2,248 millions.

Looking into Energy sector trailing twelve month Operating Income increase, only one company had higher growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 24 to 44.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1135.74 %
-107.63 %
-6727.27 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 8
Energy Sector # 2
Overall # 44

Operating Income TTM Y/Y Growth Statistics
High Average Low
1135.74 %
-107.63 %
-6727.27 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 15
S&P 500 # 538




Other Operating Income Growth
Oil And Gas Production Industry Operating Income Growth Trends and Statistics
Energy Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
MRO's Operating Income Growth Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for MRO's Competitors
Operating Income Growth for Marathon Oil's Suppliers
Operating Income Growth for MRO's Customers

You may also want to know
MRO's Annual Growth Rates MRO's Profitability Ratios MRO's Asset Turnover Ratio MRO's Dividend Growth
MRO's Roe MRO's Valuation Ratios MRO's Financial Strength Ratios MRO's Dividend Payout Ratio
MRO's Roa MRO's Inventory Turnover Ratio MRO's Growth Rates MRO's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Dec 31 2023 within Energy SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Select Water Solutions inc -0.55%$ -0.549 millions
Alpha Metallurgical Resources Inc -1.48%$ -1.477 millions
Consol Energy Inc -3.15%$ -3.146 millions
Diamondback Energy Inc -4.06%$ -4.061 millions
Civitas Resources inc -4.52%$ -4.523 millions
Pioneer Natural Resources Co-6.17%$ -6.171 millions
Sm Energy Co-9.56%$ -9.557 millions
Viper Energy Inc -10.05%$ -10.051 millions
Conocophillips-11.54%$ -11.538 millions
Eog Resources Inc -12.23%$ -12.233 millions
Helmerich and Payne inc -14.39%$ -14.391 millions
Imperial Oil Limited-15.98%$ -15.980 millions
Gran Tierra Energy Inc -16.87%$ -16.868 millions
Hess Corporation-17.99%$ -17.987 millions
Chord Energy Corporation-18.99%$ -18.988 millions
Black Stone Minerals L p -20.20%$ -20.203 millions
Chevron Corp-25.79%$ -25.793 millions
Occidental Petroleum Corporation-28.26%$ -28.259 millions
Magnolia Oil and Gas Corp-30.23%$ -30.227 millions
Marathon Oil Corporation-30.48%$ -30.481 millions
Kimbell Royalty Partners lp-31.51%$ -31.512 millions
Exxon Mobil Corporation-32.92%$ -32.925 millions
Murphy Oil Corporation-37.42%$ -37.420 millions
Liberty Energy Inc -37.64%$ -37.644 millions
Phillips 66-38.17%$ -38.172 millions
Matador Resources Company-40.18%$ -40.181 millions
Callon Petroleum Co-43.94%$ -43.944 millions
Alliance Resource Partners Lp-46.74%$ -46.739 millions
Cvr Energy inc-47.90%$ -47.899 millions
Cnx Resources Corporation-48.30%$ -48.299 millions




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