Marathon Oil Corporation (MRO)

Operating 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
Operating income (ttm)	US$ in thousands	2,248,000	2,476,000	2,911,000	3,751,000	3,951,000	3,942,000	3,185,000	1,996,000	1,308,000	319,000	-270,000	-1,078,000	-1,180,000	-857,000	-378,000	580,000	636,000	1,030,000	1,216,000	1,166,000
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
Operating profit margin		33.57%	36.74%	40.58%	47.11%	49.17%	48.65%	43.58%	32.46%	23.93%	7.09%	-7.11%	-36.83%	-38.24%	-24.69%	-9.31%	11.10%	12.25%	17.94%	20.06%	19.29%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,248,000K ÷ $6,697,000K
= 33.57%

The operating profit margin of Marathon Oil Corporation has displayed fluctuations over the past eight quarters. The trend shows a general decline from Q1 2022 to Q1 2023, with the margin decreasing from 27.78% to 43.15%. However, there was a significant increase in Q2 2023, reaching 36.94%. Despite a slight dip in Q3 2023 to 34.57%, the margin rebounded in Q4 2023 to 30.59%.

Overall, the operating profit margin of Marathon Oil Corporation has been relatively strong, consistently above 30% in most quarters. This indicates efficient cost management and a healthy profitability level in their operations. However, the fluctuations in the margin over the quarters suggest potential variability in the company's performance and the need for ongoing monitoring and analysis.