Analysis of Geographic Areas
Marathon Oil Corp. operates in 3 regions: United States; Equatorial Guinea; and Other international.
Area Asset Turnover
Marathon Oil Corp., asset turnover by geographic area
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 0.38 | 0.19 | 0.28 | 0.30 | 0.19 |
| Equatorial Guinea | 0.34 | 0.20 | 0.27 | 0.29 | 0.34 |
| Other international | — | — | — | 5.18 | 0.79 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Equatorial Guinea | Equatorial Guinea area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Other international |
Area Asset Turnover: United States
Marathon Oil Corp.; United States; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues from contracts with customers | 5,334) | 2,924) | 4,602) | 4,886) | 3,086) |
| Long-lived assets | 14,152) | 15,224) | 16,507) | 16,094) | 15,971) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.38 | 0.19 | 0.28 | 0.30 | 0.19 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Revenues from contracts with customers ÷ Long-lived assets
= 5,334 ÷ 14,152 = 0.38
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Equatorial Guinea
Marathon Oil Corp.; Equatorial Guinea; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues from contracts with customers | 267) | 173) | 307) | 384) | 530) |
| Long-lived assets | 797) | 861) | 1,156) | 1,333) | 1,582) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.34 | 0.20 | 0.27 | 0.29 | 0.34 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Revenues from contracts with customers ÷ Long-lived assets
= 267 ÷ 797 = 0.34
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Equatorial Guinea | Equatorial Guinea area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Other international
Marathon Oil Corp.; Other international; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues from contracts with customers | —) | —) | 154) | 632) | 757) |
| Long-lived assets | —) | —) | —) | 122) | 959) |
| Area Activity Ratio | |||||
| Area asset turnover1 | — | — | — | 5.18 | 0.79 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Revenues from contracts with customers ÷ Long-lived assets
= 0 ÷ 0 = —
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other international |
Revenues from contracts with customers
Marathon Oil Corp., revenues from contracts with customers by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 5,334) | 2,924) | 4,602) | 4,886) | 3,086) |
| Equatorial Guinea | 267) | 173) | 307) | 384) | 530) |
| Other international | —) | —) | 154) | 632) | 757) |
| Total | 5,601) | 3,097) | 5,063) | 5,902) | 4,373) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Long-lived assets
Marathon Oil Corp., long-lived assets by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 14,152) | 15,224) | 16,507) | 16,094) | 15,971) |
| Equatorial Guinea | 797) | 861) | 1,156) | 1,333) | 1,582) |
| Other international | —) | —) | —) | 122) | 959) |
| Total | 14,949) | 16,085) | 17,663) | 17,549) | 18,512) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).