Marathon Oil Corporation (MRO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,554,000 | 3,612,000 | 946,000 | -1,451,000 | 480,000 |
| Revenue | US$ in thousands | 6,697,000 | 8,036,000 | 5,467,000 | 3,086,000 | 5,190,000 |
| Net profit margin | 23.20% | 44.95% | 17.30% | -47.02% | 9.25% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,554,000K ÷ $6,697,000K
= 23.20%
The net profit margin of Marathon Oil Corporation has exhibited fluctuations over the past five years. In 2023, the net profit margin stood at 24.25%, representing a decrease from the exceptionally high level of 47.90% in 2022. This reduction suggests a lower proportion of revenues converted into net profits in 2023 compared to the previous year.
The net profit margin in 2021 was 16.89%, which was an improvement from the negative net profit margin of -46.85% in 2020. The substantial recovery from negative margins to positive territory indicates enhanced profitability and financial performance in 2021.
Furthermore, in 2019, the net profit margin was 9.48%, demonstrating a moderate level of profitability at that time. Overall, fluctuations in the net profit margin of Marathon Oil Corporation reflect varying levels of operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2023