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.

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Marathon Oil Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $21.47
No. shares of common stock outstanding 677,583,502
US$ in millions
Common equity (market value)1 14,548
Add: Preferred stock, no par value; no shares issued or outstanding (per books)
Total equity 14,548
Add: Current portion of long-term finance lease liability (per books) 6
Add: Long-term debt due within one year (per books) 36
Add: Long-term debt, excluding due within one year (per books) 3,978
Add: Long-term finance lease liability, excluding current portion (per books) 24
Total equity and debt 18,592
Less: Cash and cash equivalents 580
Enterprise value (EV) 18,012

Based on: 10-K (reporting date: 2021-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 21.47 × 677,583,502


Historical Enterprise Value (EV)

Marathon Oil Corp., EV calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Share price1, 2 $21.89 $11.16 $10.25 $16.68 $15.18
No. shares of common stock outstanding1 730,765,163 789,075,988 795,849,999 818,504,459 849,755,866
US$ in millions
Common equity (market value)3 15,996 8,806 8,157 13,653 12,899
Add: Preferred stock, no par value; no shares issued or outstanding (book value)
Total equity 15,996 8,806 8,157 13,653 12,899
Add: Current portion of long-term finance lease liability (book value) 6
Add: Long-term debt due within one year (book value) 36
Add: Long-term debt, excluding due within one year (book value) 3,978 5,404 5,501 5,499 5,494
Add: Long-term finance lease liability, excluding current portion (book value) 24
Total equity and debt 20,040 14,210 13,658 19,152 18,393
Less: Cash and cash equivalents 580 742 858 1,462 563
Enterprise value (EV) 19,460 13,468 12,800 17,690 17,830

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 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Marathon Oil Corp. Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 21.89 × 730,765,163

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Marathon Oil Corp. EV increased from 2019 to 2020 and from 2020 to 2021.