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MRO Marathon Oil

Marathon Oil Corporation, usually simply referred to as Marathon Oil, is an American petroleum and natural gas exploration and production company headquartered in the Marathon Oil Tower in Houston, Texas. Marathon Oil is incorporated in Ohio. Marathon Oil is responsible for 0.19% of global industrial greenhouse gas emissions from 1988 to 2015.

Company profile

Ticker
MRO
Exchange
CEO
Lee M. Tillman
Employees
Incorporated
Location
Fiscal year end
Former names
USX CORP
SEC CIK
IRS number
250996816

MRO stock data

(
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Calendar

6 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jun 21 Patrick Wagner Common Stock Sell Dispose S No No 13.756 5,000 68.78K 232,292
4 Jun 21 Patrick Wagner Common Stock Sell Dispose S No No 13.713 26,667 365.68K 237,292
4 Jun 21 Patrick Wagner Common Stock Option exercise Aquire M No No 7.22 26,667 192.54K 263,959
4 Jun 21 Patrick Wagner Employee Stock Option Common Stock Option exercise Dispose M No No 7.22 26,667 192.54K 0
2 Jun 21 Tillman Lee M Common Stock Sell Dispose S No No 13.854 212,000 2.94M 1,203,012
2 Jun 21 Tillman Lee M Common Stock Option exercise Aquire M No No 7.22 212,000 1.53M 1,415,012
2 Jun 21 Tillman Lee M Employee Stock Option Common Stock Option exercise Dispose M No No 7.22 212,000 1.53M 0
3 May 21 Tillman Lee M Common Stock Sell Dispose S No Yes 11.0272 67,500 744.34K 1,203,012
12 Apr 21 Tillman Lee M Common Stock Sell Dispose S No Yes 11.08 67,500 747.9K 1,270,512

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

68.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 554 529 +4.7%
Opened positions 90 99 -9.1%
Closed positions 65 77 -15.6%
Increased positions 182 146 +24.7%
Reduced positions 179 185 -3.2%
13F shares
Current Prev Q Change
Total value 5.78B 4.22B +36.9%
Total shares 542.08M 539.16M +0.5%
Total puts 9.42M 6.41M +46.9%
Total calls 9.22M 9.14M +0.8%
Total put/call ratio 1.0 0.7 +45.7%
Largest owners
Shares Value Change
Vanguard 85.56M $913.75M +2.4%
Hotchkis & Wiley Capital Management 59.23M $632.58M -7.3%
STT State Street 53.38M $570.06M +0.4%
BLK Blackrock 50.98M $544.45M +2.7%
IVZ Invesco 30.38M $324.47M -14.5%
FMR 15.4M $164.44M +9.8%
Dimensional Fund Advisors 14.44M $154.26M +9.6%
Geode Capital Management 14.42M $153.75M +2.7%
Parametric Portfolio Associates 13.1M $139.95M +12.8%
BK Bank Of New York Mellon 9.22M $98.46M +7.1%
Largest transactions
Shares Bought/sold Change
IVZ Invesco 30.38M -5.14M -14.5%
Arrowstreet Capital, Limited Partnership 7.64M -5.05M -39.8%
Hotchkis & Wiley Capital Management 59.23M -4.67M -7.3%
Voloridge Investment Management 3.95M +3.67M +1296.7%
Millennium Management 2.37M -2.86M -54.7%
Holocene Advisors 2.86M +2.86M NEW
Encompass Capital Advisors 1.41M -2.86M -66.9%
TROW T. Rowe Price 3.98M +2.68M +205.4%
SIR Capital Management 0 -2.63M EXIT
American Century Companies 2.89M +2.07M +253.3%

Financial report summary

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Risks
  • A substantial decline in crude oil and condensate, NGLs and natural gas prices would reduce our operating results and cash flows and could adversely impact our future rate of growth and the carrying value of our assets.
  • Estimates of crude oil and condensate, NGLs and natural gas reserves depend on many factors and assumptions, including various assumptions that are based on conditions in existence as of the dates of the estimates. Any material changes in those conditions or other factors affecting those assumptions could impair the quantity and value of our reserves.
  • Our operations may be adversely affected by pipeline, rail and other transportation capacity constraints.
  • If we acquire crude oil and natural gas properties, our failure to fully identify existing and potential problems, to accurately estimate reserves, production rates or costs, or to effectively integrate the acquired properties into our operations could materially and adversely affect our business, financial condition and results of operations.
  • Future exploration and drilling results are uncertain and involve substantial costs.
  • We operate in a highly competitive industry, and many of our competitors are larger and have available resources in excess of our own.
  • Our offshore operations involve special risks that could negatively impact us.
  • If we are unsuccessful in acquiring or finding additional reserves, our future crude oil and condensate, NGLs and natural gas production would decline, thereby reducing our cash flows and results of operations and impairing our financial condition.
  • If crude oil and condensate, NGLs and natural gas prices decrease, it could adversely affect the abilities of our counterparties to perform their obligations to us which could negatively impact our financial results.
  • If we are unable to complete capital projects at their expected costs and in a timely manner, or if the market conditions assumed in our project economics deteriorate, our business, financial condition, results of operations and cash flows could be materially and adversely affected.
  • Our level of indebtedness may limit our liquidity and financial flexibility.
  • Difficulty in accessing capital or a significant increase in our costs of accessing capital could adversely affect our business.
  • Our commodity price risk management activities may prevent us from fully benefiting from commodity price increases and may expose us to other risks, including counterparty risk.
  • Many of our major projects and operations are conducted jointly with other parties, which may decrease our ability to manage risk.
  • We may incur substantial capital expenditures and operating costs as a result of compliance with and changes in law, regulations or requirements or initiatives, including those addressing environmental, health, safety or security or the impact of global climate change, air emissions or water management, and, as a result, our business, financial condition, results of operations and cash flows could be materially and adversely affected.
  • The potential adoption of federal, state and local legislative and regulatory initiatives related to hydraulic fracturing could result in increased compliance costs, operating restrictions or delays in the completion of oil and gas wells.
  • The potential adoption of federal, state and local legislative and regulatory initiatives intended to address potential induced seismic activity in the areas in which we operate could result in increased compliance costs, operating restrictions or delays in the completion of oil and gas wells.
  • Political and economic developments, possible terrorist activities and changes in law or policy in the U.S. or global markets could adversely affect our operations and materially reduce our profitability and cash flows.
  • Our business, financial conditions and results of operations have been adversely affected and may continue to be adversely affected by the recent COVID-19 global pandemic.
  • Our business could be negatively impacted by cyberattacks targeting our computer and telecommunications systems and infrastructure, or targeting those of our third-party service providers.
  • Our business may be materially adversely affected by negative publicity.
  • Our operations are subject to business interruptions and casualty losses. We do not insure against all potential losses and therefore we could be seriously harmed by unexpected liabilities and increased costs.
  • Litigation by private plaintiffs or government officials or entities could adversely affect our performance.
Management Discussion
  • Three Months Ended March 31, 2021 vs. Three Months Ended March 31, 2020
  • Below is a price/volume analysis for each segment. Refer to the preceding Operations and Market Conditions sections for additional detail related to our net sales volumes and average price realizations.
  • Net gain (loss) on commodity derivatives in the first quarter of 2021, was a loss of $153 million, compared to a net gain of $202 million for the same period in 2020. We have multiple crude oil, natural gas and NGL derivative contracts that settle against various indices. We record commodity derivative gains/losses as the index pricing and forward curves change each period. See Note 14 to the consolidated financial statements for further information.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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