Subscribe to Pro or Enterprise plans to unlock this feature.
Become a smarter investor today.
Become a smarter investor today.
This statistic highlights Marathon Oil’s Revenue Breakdown Worldwide, split across Bakken, Eagle Ford, International, Northern Delaware, Okhlama, and the Other U.S., reported on a quarterly basis from Q1 2016 onwards.
|Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
The total revenue of the company rose to $1254.0 million in Q2 2021 from $761.0 million in Q3 2020 indicating the growth of 64.8 and then dragged down a bit to $1040.0 million in Q3 2021 at the rate of 17% quarterly. On a year-on-year basis, the revenue rose by 36.6%, from $761 million in Q3 2020 to $1040 million in Q3 2021.
The company has been operating in the Williston Basin since 2006. The majority of their core acreage is within McKenzie, Mountrail, and Dunn Counties in North Dakota, targeting the Middle Bakken and Three Forks reservoirs.
Bakken is the major contributor to Marathon Oil’s Revenue, contributing 41% to the company’s total revenue, amounting to $425 million in Q3 2021. It rose to $476.0 million in Q2 2021, from $254.0 million in Q3 2020 indicating an increase of 87.5% and then dragged down to $425.0 million in Q3 2021 which is a fall of 10.8% quarterly. Its year-on-year growth stood at 68.7%.
The company has been operating in the South Texas Eagle Ford since 2011, where their acreage is located in the high-return Karnes, Atascosa, Gonzales, and Lavaca Counties. Their focus is capital efficient development to maximize returns and free cash flow generation. The company operates 32 central gathering and treating facilities across the play that support more than 1,600 producing wells.
In Q3 2021, it contributes 38% to the company’s total revenue amounting to $391 million. It rose to $417.0 million in Q2 2021, from $231.0 million in Q3 2020, indicating an increase of 80.7% and then dragged down to $391.0 million in Q3 2021 which is a 6.4% quarterly fall. Its year-on-year growth stood at 69.5%.
They are engaged in oil and gas development and production activities in E.G. company, including the results of their investments in the LPG processing plant, gas liquefaction operations, and methanol production operations in E.G. in their International segment.
In Q3 2o21, this segment contributes 5% to the total revenue, amounting to $56 million. It rose to $65.0 million in Q2 2021, from $39.0 million in Q3 2020, indicating an increase of 67% and then dragged down to $56.0 million in Q3 2021, which is a fall of 14% quarterly. On a year-on-year basis, it grew by 44%.
The company has been operating in the Northern Delaware Basin, which is located within the greater Permian area, since closing on two major acquisitions in 2017. The company has majority of its acreage in Eddy and Lea counties, primarily in the Wolfcamp and Bone Spring New Mexico plays.
This region contributes 7% to the total revenue in Q3 2021, amounting to $75 million. It rose to $93.0 million in Q2 2021, from $66.0 million in Q3 2020, indicating an increase of 41% and then dragged down to $75.0 million in Q3 2021, which is a fall of 20% quarterly. On a year-on-year basis, it grew by 13.8%.
With a history in Oklahoma that dates back more than 100 years, their primary focus has been developed in the STACK Meramec and SCOOP Woodford, while progressing delineation of other plays across their footprint. The company primarily holds net acreage with rights to the Woodford, Springer, Meramec, Osage, and other prospect intervals, with a majority of this in the SCOOP and STACK.
Revenue from Oklahoma rose to $149.0 million in Q2 2021, from $126.0 million in Q3 2020, indicating an increase of 41% and then was dragged down to $74.0 million in Q3 2021, which is a fall of 50% quarterly. Its year-on-year fell by 41.2%.
The Other U.S.
This region contributes 2% to the total revenue in Q3 2021, amounting to $19 million. Revenue from the Other U.S. rose to $54.0 million in Q2 2021, from $45.0 million in Q3 2020, indicating an increase of 20% and then dragged down to $19.0 million in Q3 2021, which is a fall of 66% quarterly. On a year-on-year basis, it fell by 57.7%.
Marathon Oil Corporation is an independent exploration and production company incorporated in 2001, focused on U.S. resource plays – the Eagle Ford in Texas, the Bakken in North Dakota, STACK and SCOOP in Oklahoma, and Northern Delaware in New Mexico. Their U.S. assets are complemented by their international operations in E.G. Their corporate headquarters is located at 5555 San Felipe Street, Houston, Texas. Each of their two reportable operating segments is organized by geographic location and managed according to the nature of the products and services offered.
Did you like Marathon Oil’s Revenue Breakdown Worldwide statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
Always know what you’ll pay. No hidden costs or surprises.
* Billed annually, local taxes extra.
* Local taxes extra.