Marathon Oil Corporation (MRO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,248,000 | 3,951,000 | 1,308,000 | -1,180,000 | 636,000 |
| Revenue | US$ in thousands | 6,697,000 | 8,036,000 | 5,467,000 | 3,086,000 | 5,190,000 |
| Operating profit margin | 33.57% | 49.17% | 23.93% | -38.24% | 12.25% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,248,000K ÷ $6,697,000K
= 33.57%
The operating profit margin of Marathon Oil Corporation has displayed fluctuations over the past five years. In 2023, the operating profit margin stood at 30.59%, showing a decrease from the previous year's figure of 44.40%. This decline may indicate a decrease in efficiency in generating profits from operations.
Looking back to 2021, the operating profit margin was at 19.98%, reflecting a moderate level of profitability compared to 2020, where the company experienced a negative operating profit margin of -34.55%. This negative figure suggests that the company's operating expenses exceeded its operating income during that period.
However, in 2019, Marathon Oil Corporation saw a significant improvement in its operating profit margin, reaching 9.11%. This may indicate that the company successfully managed its operating expenses and increased profitability from its core business operations.
Overall, the trend in Marathon Oil Corporation's operating profit margin shows variability, with both positive and negative swings over the years. It is essential for the company to closely monitor and manage its operating costs and revenue generation to maintain a healthy and sustainable level of profitability in the future.
Peer comparison
Dec 31, 2023