Marathon Oil Corporation (MRO)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,911,000	2,161,000	2,638,000	3,518,000	3,779,000	3,772,000	2,903,000	1,684,000	1,004,000	-20,000	-518,000	-1,309,000	-1,465,000	-1,127,000	-642,000	316,000	392,000	801,000	983,000	930,000
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
Pretax margin		28.54%	32.07%	36.78%	44.18%	47.03%	46.55%	39.72%	27.39%	18.36%	-0.44%	-13.64%	-44.72%	-47.47%	-32.47%	-15.81%	6.05%	7.55%	13.95%	16.22%	15.38%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,911,000K ÷ $6,697,000K
= 28.54%

Marathon Oil Corporation's pretax margin has shown some fluctuations over the past eight quarters. The pretax margin has ranged from a low of 27.23% in Q1 2022 to a high of 50.12% in Q4 2022. In the most recent quarter, Q4 2023, the pretax margin was 29.83%, which is lower than in the previous quarter. Overall, the trend indicates some volatility in the company's ability to generate profits before taxes relative to its revenue. Further analysis and consideration of external factors may be necessary to fully understand the factors driving these fluctuations in the pretax margin.