Marathon Oil Corporation (MRO)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	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
Net income (ttm)	US$ in thousands	1,554,000	1,682,000	2,046,000	2,725,000	3,612,000	3,736,000	3,103,000	2,153,000	946,000	-41,000	-542,000	-1,308,000	-1,451,000	-1,133,000	-651,000	260,000	480,000	890,000	979,000	914,000
Revenue (ttm)	US$ in thousands	6,697,000	6,739,000	7,173,000	7,963,000	8,036,000	8,103,000	7,309,000	6,149,000	5,467,000	4,497,000	3,798,000	2,927,000	3,086,000	3,471,000	4,062,000	5,223,000	5,190,000	5,740,000	6,062,000	6,046,000
Net profit margin		23.20%	24.96%	28.52%	34.22%	44.95%	46.11%	42.45%	35.01%	17.30%	-0.91%	-14.27%	-44.69%	-47.02%	-32.64%	-16.03%	4.98%	9.25%	15.51%	16.15%	15.12%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,554,000K ÷ $6,697,000K
= 23.20%

The net profit margin of Marathon Oil Corporation has shown a decreasing trend over the past four quarters, starting at 47.90% in Q4 2022 and declining to 24.25% in Q4 2023. This indicates that the company's net profit as a percentage of its revenue has been gradually decreasing.

The highest net profit margin was observed in Q2 2023 at 30.71%, followed closely by Q3 2023 at 26.18%. However, there was a significant drop in Q4 2023 to 24.25%, which may be a cause for further investigation.

Overall, the fluctuation in net profit margin suggests potential shifts in the company's operational efficiency, cost structure, pricing strategy, or other factors affecting profitability. Additional ratios and contextual information would be necessary to provide a comprehensive analysis of the company's financial performance.