MARATHON OIL CORP

marathonoil.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 6, 2024. Its latest SEC filing is a SCHEDULE 13G/A from Feb 7, 2025.

The sections below describe the company as of the FY2023 annual report.

How Did They Make Money?

revenue

Segment	Share	Revenue
U.S.	97% FY2020: 94%
International	3.3% FY2020: 5.6%

Did Revenues Turn Into Profits?

Yes. It kept 23 cents of every revenue dollar as net income in FY2023 and turned 31 cents into free cash flow.

Operating income, FY2023

34% of revenue

▼ −43% vs FY2022 ($4B, 49%)

Net income, FY2023

23% of revenue

▼ −57% vs FY2022 ($3.6B, 45%)

Free cash flow, FY2023

31% of revenue

▼ −48% vs FY2022 ($3.9B, 49%)

How Were They Changing?

Since the FY2023 annual report

Latest quarter: Q3 FY2024, the three months to Sep 30, 2024

Revenue: ▼ −1%; vs $1.8B in Q3 FY2023
Net income: ▼ −37%; vs $453M in Q3 FY2023

United States share of revenues from contracts with customers vs 96.0% in Q3 FY2023

Grew. Revenue grew 29% in 4 years, from $5.2B in FY2019 to $6.7B in FY2023, about 7% a year.

Revenue over time

U.S. International

$10B$5B$0

FY2019 FY2020 FY2021 FY2022 FY2023

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