Marathon Oil (MRO) Revenue & Revenue Breakdown


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Marathon Oil Revenue Highlights


Latest Revenue (Y)

$6.41B

Latest Revenue (Q)

$1.79B

Main Segment (Y)

International Exploration and Production

Main Geography (Y)

North America Exploration and Production

Marathon Oil Revenue by Period


Marathon Oil Revenue by Year

DateRevenueChange
2023-12-31$6.41B-15.03%
2022-12-31$7.54B34.62%
2021-12-31$5.60B80.85%
2020-12-31$3.10B-38.83%
2019-12-31$5.06B-14.22%
2018-12-31$5.90B34.96%
2017-12-31$4.37B8.48%
2016-12-31$4.03B-27.00%
2015-12-31$5.52B-49.09%
2014-12-31$10.85B-25.21%
2013-12-31$14.50B-7.57%
2012-12-31$15.69B5.86%
2011-12-31$14.82B-79.87%
2010-12-31$73.62B35.99%
2009-12-31$54.14B-31.09%
2008-12-31$78.57B32.30%
2007-12-31$59.39B-8.49%
2006-12-31$64.90B10.07%
2005-12-31$58.96B29.74%
2004-12-31$45.44B22.99%
2003-12-31$36.95B34.51%
2002-12-31$27.47B-4.16%
2001-12-31$28.66B-4.91%
2000-12-31$30.14B48.94%
1999-12-31$20.24B11.54%
1998-12-31$18.14B40.31%
1997-12-31$12.93B-4.66%
1996-12-31$13.56B21.51%
1995-12-31$11.16B9.28%
1994-12-31$10.21B-14.60%
1993-12-31$11.96B-

Marathon Oil generated $6.41B in revenue during NA 2023, up -15.03% compared to the previous quarter, and up 108.56% compared to the same period a year ago.

Marathon Oil Revenue by Quarter

DateRevenueChange
2024-09-30$1.79B7.50%
2024-06-30$1.67B8.32%
2024-03-31$1.54B-2.97%
2023-12-31$1.58B-10.50%
2023-09-30$1.77B19.34%
2023-06-30$1.48B-5.30%
2023-03-31$1.57B-2.25%
2022-12-31$1.60B-20.17%
2022-09-30$2.01B-7.38%
2022-06-30$2.17B23.11%
2022-03-31$1.76B1.67%
2021-12-31$1.73B20.45%
2021-09-30$1.44B14.67%
2021-06-30$1.25B6.54%
2021-03-31$1.18B43.19%
2020-12-31$822.00M8.02%
2020-09-30$761.00M55.31%
2020-06-30$490.00M-52.15%
2020-03-31$1.02B-16.95%
2019-12-31$1.23B-1.28%
2019-09-30$1.25B-9.56%
2019-06-30$1.38B15.08%
2019-03-31$1.20B-13.04%
2018-12-31$1.38B-10.27%
2018-09-30$1.54B6.29%
2018-06-30$1.45B-5.86%
2018-03-31$1.54B24.96%
2017-12-31$1.23B5.85%
2017-09-30$1.16B17.02%
2017-06-30$993.00M0.51%
2017-03-31$988.00M-17.67%
2016-12-31$1.20B9.09%
2016-09-30$1.10B14.70%
2016-06-30$959.00M24.22%
2016-03-31$772.00M-33.68%
2015-12-31$1.16B-15.90%
2015-09-30$1.38B-7.11%
2015-06-30$1.49B0.40%
2015-03-31$1.48B-38.12%
2014-12-31$2.40B-16.45%
2014-09-30$2.87B-0.62%
2014-06-30$2.89B-14.30%
2014-03-31$3.37B15.17%
2013-12-31$2.93B-22.74%
2013-09-30$3.79B-3.34%
2013-06-30$3.92B1.24%
2013-03-31$3.87B-2.35%
2012-12-31$3.96B-1.88%
2012-09-30$4.04B8.46%
2012-06-30$3.72B-6.01%
2012-03-31$3.96B6.88%
2011-12-31$3.71B0.84%
2011-09-30$3.68B-1.84%
2011-06-30$3.75B-82.12%
2011-03-31$20.95B6.58%
2010-12-31$19.65B5.80%
2010-09-30$18.57B0.01%
2010-06-30$18.57B10.43%
2010-03-31$16.82B4.69%
2009-12-31$16.07B10.98%
2009-09-30$14.48B8.38%
2009-06-30$13.36B28.98%
2009-03-31$10.36B-34.12%
2008-12-31$15.72B-31.98%
2008-09-30$23.11B5.49%
2008-06-30$21.91B22.95%
2008-03-31$17.82B5.59%
2007-12-31$16.88B-

Marathon Oil generated $1.79B in revenue during Q3 2024, up 7.50% compared to the previous quarter, and up 120.69% compared to the same period a year ago.

Marathon Oil Revenue Breakdown


Marathon Oil Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
International Exploration and Production$208.00M$22.00M$23.00M$29.00M$461.00M

Marathon Oil's latest annual revenue breakdown by segment (product or service), as of Dec 23: International Exploration and Production (100.00%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
North America Exploration and Production$1.35B$1.18B------------------
International Exploration and Production$126.00M$116.00M$128.00M$71.00M$4.00M$5.00M$5.00M$5.00M$7.00M$5.00M$5.00M$6.00M$5.00M$7.00M$7.00M$7.00M$7.00M$8.00M$65.00M$77.00M

Marathon Oil's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: North America Exploration and Production (91.46%), and International Exploration and Production (8.54%).

Marathon Oil Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
North America Exploration and Production$6.20B$809.00M$632.00M$275.00M$349.00M

Marathon Oil's latest annual revenue breakdown by geography, as of Dec 23: North America Exploration and Production (100.00%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
North America Exploration and Production$97.00M$126.00M$4.27B$1.70B$86.00M$139.00M$169.00M$261.00M$228.00M$151.00M$182.00M$144.00M$91.00M$215.00M$85.00M$69.00M$54.00M$66.00M$86.00M$81.00M
International Exploration and Production$126.00M$61.00M------------------

Marathon Oil's latest quarterly revenue breakdown by geography, as of Sep 24: International Exploration and Production (56.50%), and North America Exploration and Production (43.50%).

Marathon Oil Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
COPConocoPhillips$82.16B$13.60B
OXYOccidental Petroleum$28.26B$7.17B
EOGEOG Resources$23.18B$5.97B
DVNDevon Energy$15.26B$3.84B
HESHess$10.70B$3.28B
FANGDiamondback Energy$8.34B$2.65B
PRPermian Resources$3.12B$1.22B
CTRACoterra Energy$2.37B$344.00M

MRO Revenue FAQ


What is Marathon Oil’s yearly revenue?

Marathon Oil's yearly revenue for 2023 was $6.41B, representing a decrease of -15.03% compared to 2022. The company's yearly revenue for 2022 was $7.54B, representing an increase of 34.62% compared to 2021. MRO's yearly revenue for 2021 was $5.6B, representing an increase of 80.85% compared to 2020.

What is Marathon Oil’s quarterly revenue?

Marathon Oil's quarterly revenue for Q3 2024 was $1.79B, a 7.50% increase from the previous quarter (Q2 2024), and a 1.13% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.67B, a 8.32% increase from the previous quarter (Q1 2024), and a 12.26% increase year-over-year (Q2 2023). MRO's quarterly revenue for Q1 2024 was $1.54B, a -2.97% decrease from the previous quarter (Q4 2023), and a -1.85% decrease year-over-year (Q1 2023).

What is Marathon Oil’s revenue growth rate?

Marathon Oil's revenue growth rate for the last 3 years (2021-2023) was 14.39%, and for the last 5 years (2019-2023) was 26.55%.

What are Marathon Oil’s revenue streams?

Marathon Oil's revenue streams in c 23 are International Exploration and Production

What is Marathon Oil’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Marathon Oil was International Exploration and Production. This segment made a revenue of $208M, representing 100.00% of the company's total revenue.