Marathon Oil Corporation (MRO)

Return on equity (ROE)

		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
Total stockholders’ equity	US$ in thousands	11,205,000	11,226,000	11,244,000	11,388,000	11,397,000	11,187,000	11,532,000	11,366,000	10,686,000	10,796,000	10,634,000	10,671,000	10,561,000	10,892,000	11,175,000	11,958,000	12,153,000	12,271,000	12,101,000	12,208,000
ROE		13.87%	14.98%	18.20%	23.93%	31.69%	33.40%	26.91%	18.94%	8.85%	-0.38%	-5.10%	-12.26%	-13.74%	-10.40%	-5.83%	2.17%	3.95%	7.25%	8.09%	7.49%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,554,000K ÷ $11,205,000K
= 13.87%

Marathon Oil Corporation's return on equity (ROE) has shown a fluctuating trend over the past eight quarters. The ROE has been on a downward trajectory from 31.69% in Q4 2022 to 13.87% in Q4 2023. This indicates a decline in the company's ability to generate profit from its shareholder's equity investment. Additionally, the ROE has experienced significant variability, ranging from a low of 13.87% to a high of 33.40%. The highest ROE of 33.40% was recorded in Q3 2022, followed by a sharp decline in the subsequent quarters. Overall, Marathon Oil Corporation's ROE performance displays inconsistency and may warrant further investigation into the factors impacting profitability and efficiency.