Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

This company has been moved to the archive! The financial data has not been updated since August 4, 2022.

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Marathon Oil Corp., solvency ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Debt Ratios
Debt to equity 0.35 0.35 0.38 0.37 0.46 0.51 0.51 0.54 0.49 0.46 0.45 0.45 0.45 0.45 0.45 0.46 0.45 0.46 0.47 0.55 0.59 0.58
Debt to capital 0.26 0.26 0.27 0.27 0.32 0.34 0.34 0.35 0.33 0.32 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.32 0.36 0.37 0.37
Debt to assets 0.22 0.22 0.24 0.23 0.28 0.30 0.30 0.32 0.30 0.28 0.27 0.27 0.26 0.26 0.26 0.25 0.25 0.25 0.25 0.28 0.30 0.30
Financial leverage 1.59 1.58 1.59 1.59 1.67 1.71 1.70 1.71 1.66 1.65 1.67 1.66 1.76 1.75 1.76 1.81 1.80 1.80 1.88 1.95 1.95 1.95

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Marathon Oil Corp. debt to equity ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Marathon Oil Corp. debt to capital ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Marathon Oil Corp. debt to assets ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Marathon Oil Corp. financial leverage ratio decreased from Q4 2021 to Q1 2022 but then slightly increased from Q1 2022 to Q2 2022.

Debt to Equity

Marathon Oil Corp., debt to equity calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Long-term debt due within one year 273 106 36 36 33 500 500 600 600 548 1,541
Long-term debt, excluding due within one year 3,709 3,908 3,978 3,977 4,875 4,905 5,404 5,405 5,503 5,502 5,501 4,903 4,902 5,501 5,499 5,498 5,497 5,495 5,494 6,488 6,715 5,723
Total debt 3,982 4,014 4,014 4,013 4,908 5,405 5,404 5,905 5,503 5,502 5,501 5,503 5,502 5,501 5,499 5,498 5,497 5,495 5,494 6,488 7,263 7,264
 
Stockholders’ equity 11,532 11,366 10,686 10,796 10,634 10,671 10,561 10,892 11,175 11,958 12,153 12,271 12,101 12,208 12,128 12,044 12,132 12,034 11,708 11,775 12,405 12,584
Solvency Ratio
Debt to equity1 0.35 0.35 0.38 0.37 0.46 0.51 0.51 0.54 0.49 0.46 0.45 0.45 0.45 0.45 0.45 0.46 0.45 0.46 0.47 0.55 0.59 0.58
Benchmarks
Debt to Equity, Competitors2
Chevron Corp. 0.17 0.20 0.23 0.27 0.32 0.34 0.34 0.26 0.25 0.22 0.19 0.21 0.20 0.21
ConocoPhillips 0.34 0.38 0.44 0.45 0.45 0.46 0.51 0.50 0.48 0.48 0.43 0.42 0.45 0.45
Exxon Mobil Corp. 0.26 0.28 0.28 0.35 0.38 0.40 0.43 0.39 0.39 0.33 0.24 0.25 0.24 0.21
Marathon Petroleum Corp. 1.02 1.11 0.97 0.97 0.98 1.50 1.42 1.42 1.35 1.31 0.86 0.85 0.83 0.83
Occidental Petroleum Corp. 0.80 1.06 1.46 1.68 1.97 1.97 1.95 1.94 1.65 1.23 1.13 1.32 0.48 0.49
Valero Energy Corp. 0.61 0.70 0.75 0.81 0.83 0.82 0.78 0.79 0.64 0.61 0.44 0.45 0.44 0.47

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 3,982 ÷ 11,532 = 0.35

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Marathon Oil Corp. debt to equity ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Debt to Capital

Marathon Oil Corp., debt to capital calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Long-term debt due within one year 273 106 36 36 33 500 500 600 600 548 1,541
Long-term debt, excluding due within one year 3,709 3,908 3,978 3,977 4,875 4,905 5,404 5,405 5,503 5,502 5,501 4,903 4,902 5,501 5,499 5,498 5,497 5,495 5,494 6,488 6,715 5,723
Total debt 3,982 4,014 4,014 4,013 4,908 5,405 5,404 5,905 5,503 5,502 5,501 5,503 5,502 5,501 5,499 5,498 5,497 5,495 5,494 6,488 7,263 7,264
Stockholders’ equity 11,532 11,366 10,686 10,796 10,634 10,671 10,561 10,892 11,175 11,958 12,153 12,271 12,101 12,208 12,128 12,044 12,132 12,034 11,708 11,775 12,405 12,584
Total capital 15,514 15,380 14,700 14,809 15,542 16,076 15,965 16,797 16,678 17,460 17,654 17,774 17,603 17,709 17,627 17,542 17,629 17,529 17,202 18,263 19,668 19,848
Solvency Ratio
Debt to capital1 0.26 0.26 0.27 0.27 0.32 0.34 0.34 0.35 0.33 0.32 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.32 0.36 0.37 0.37
Benchmarks
Debt to Capital, Competitors2
Chevron Corp. 0.15 0.17 0.18 0.22 0.24 0.26 0.25 0.21 0.20 0.18 0.16 0.17 0.16 0.18
ConocoPhillips 0.25 0.28 0.31 0.31 0.31 0.32 0.34 0.33 0.32 0.32 0.30 0.30 0.31 0.31
Exxon Mobil Corp. 0.21 0.22 0.22 0.26 0.28 0.29 0.30 0.28 0.28 0.25 0.20 0.20 0.19 0.18
Marathon Petroleum Corp. 0.50 0.53 0.49 0.49 0.49 0.60 0.59 0.59 0.58 0.57 0.46 0.46 0.45 0.45
Occidental Petroleum Corp. 0.44 0.51 0.59 0.63 0.66 0.66 0.66 0.66 0.62 0.55 0.53 0.57 0.32 0.33
Valero Energy Corp. 0.38 0.41 0.43 0.45 0.45 0.45 0.44 0.44 0.39 0.38 0.31 0.31 0.31 0.32

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 3,982 ÷ 15,514 = 0.26

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Marathon Oil Corp. debt to capital ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Debt to Assets

Marathon Oil Corp., debt to assets calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Long-term debt due within one year 273 106 36 36 33 500 500 600 600 548 1,541
Long-term debt, excluding due within one year 3,709 3,908 3,978 3,977 4,875 4,905 5,404 5,405 5,503 5,502 5,501 4,903 4,902 5,501 5,499 5,498 5,497 5,495 5,494 6,488 6,715 5,723
Total debt 3,982 4,014 4,014 4,013 4,908 5,405 5,404 5,905 5,503 5,502 5,501 5,503 5,502 5,501 5,499 5,498 5,497 5,495 5,494 6,488 7,263 7,264
 
Total assets 18,286 17,981 16,994 17,161 17,800 18,233 17,956 18,663 18,567 19,715 20,245 20,373 21,282 21,410 21,321 21,778 21,871 21,634 22,012 22,947 24,241 24,537
Solvency Ratio
Debt to assets1 0.22 0.22 0.24 0.23 0.28 0.30 0.30 0.32 0.30 0.28 0.27 0.27 0.26 0.26 0.26 0.25 0.25 0.25 0.25 0.28 0.30 0.30
Benchmarks
Debt to Assets, Competitors2
Chevron Corp. 0.10 0.12 0.13 0.16 0.18 0.19 0.18 0.16 0.15 0.14 0.11 0.13 0.12 0.13
ConocoPhillips 0.18 0.20 0.22 0.23 0.23 0.24 0.25 0.24 0.24 0.23 0.21 0.21 0.21 0.21
Exxon Mobil Corp. 0.13 0.13 0.14 0.17 0.18 0.19 0.20 0.19 0.19 0.17 0.13 0.13 0.13 0.11
Marathon Petroleum Corp. 0.28 0.29 0.30 0.31 0.30 0.37 0.37 0.38 0.38 0.37 0.29 0.29 0.29 0.29
Occidental Petroleum Corp. 0.30 0.36 0.39 0.42 0.45 0.45 0.45 0.46 0.43 0.38 0.35 0.38 0.23 0.23
Valero Energy Corp. 0.20 0.22 0.24 0.26 0.26 0.27 0.28 0.29 0.26 0.24 0.18 0.19 0.18 0.19

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 3,982 ÷ 18,286 = 0.22

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Marathon Oil Corp. debt to assets ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Financial Leverage

Marathon Oil Corp., financial leverage calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Total assets 18,286 17,981 16,994 17,161 17,800 18,233 17,956 18,663 18,567 19,715 20,245 20,373 21,282 21,410 21,321 21,778 21,871 21,634 22,012 22,947 24,241 24,537
Stockholders’ equity 11,532 11,366 10,686 10,796 10,634 10,671 10,561 10,892 11,175 11,958 12,153 12,271 12,101 12,208 12,128 12,044 12,132 12,034 11,708 11,775 12,405 12,584
Solvency Ratio
Financial leverage1 1.59 1.58 1.59 1.59 1.67 1.71 1.70 1.71 1.66 1.65 1.67 1.66 1.76 1.75 1.76 1.81 1.80 1.80 1.88 1.95 1.95 1.95
Benchmarks
Financial Leverage, Competitors2
Chevron Corp. 1.68 1.70 1.72 1.77 1.82 1.83 1.82 1.69 1.67 1.64 1.65 1.65 1.64 1.66
ConocoPhillips 1.87 1.90 2.00 1.98 1.93 1.94 2.10 2.05 2.00 2.08 2.02 2.00 2.16 2.18
Exxon Mobil Corp. 2.07 2.10 2.01 2.10 2.13 2.13 2.12 2.02 2.01 1.95 1.89 1.89 1.88 1.86
Marathon Petroleum Corp. 3.68 3.79 3.26 3.16 3.26 4.01 3.84 3.74 3.56 3.58 2.93 2.91 2.83 2.84
Occidental Petroleum Corp. 2.67 2.98 3.69 4.01 4.38 4.34 4.31 4.25 3.83 3.25 3.19 3.48 2.10 2.09
Valero Energy Corp. 3.07 3.21 3.14 3.13 3.14 3.01 2.75 2.69 2.47 2.53 2.47 2.43 2.44 2.44

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 18,286 ÷ 11,532 = 1.59

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Marathon Oil Corp. financial leverage ratio decreased from Q4 2021 to Q1 2022 but then slightly increased from Q1 2022 to Q2 2022.