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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.79B | 4.9% |
| Gross Profit | 1.71B | 5.9% |
| Cost of Revenue | 86M | 11.3% |
| Operating expense | 95M | 5.9% |
| Net Income | 287M | 17.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 19.4B | 1.6% |
| Total Liabilities | 7.99B | 6.4% |
| Total Equity | 11.4B | 2% |
| Shares Outstanding | 563M | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.21B | 11.1% |
| Cash from investing | -542M | 14.5% |
| Cash from financing | -610M | 43.2% |
EPS
Financial Highlights for Marathon Oil in Q3 '24
Marathon Oil reported a revenue of 1.79B, which is a 4.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.71B, marking a 5.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 86M, a -11.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 95M, showing a -5.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 287M, showing a -17.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Marathon Oil faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
