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This statistic highlights Marathon Oil’s Revenue by Segment, split between Income from equity method investments, Net gain (loss) on commodity derivatives, Net gain (loss) on disposal of assets, Other income, and Revenue from contracts with customers.
|Revenue By Segment||Q3 2020||Q2 2021||Q3 2021||Revenue Mix in Q3 2021|
|Income from equity method investments||($10.00)||$49.00||$86.00||6.00%|
|Net gain (loss) on commodity derivatives||($1.00)||($166.00)||($79.00)||-5.00%|
|Net gain (loss) on disposal of assets||$1.00||$1.00||$7.00||0.00%|
|Revenue from contracts with customers||$761.00||$1,254.00||$1,438.00||99.00%|
(All figures in millions, except percentage)
Marathon oil corporation’s total revenue has been increasing continuously since 2016 till Q1 2018 but after that from Q2 2018 it witnessed a drag down till Q1 2020 and from Q2 2020 it’s again been increasing subsequently till date. Total Revenue rose to $1143.0 million in Q2 2021 from $761.0 million in Q3 2020 indicating an increase of 51.5% which was steady growth and in Q3 2021 it rose to $1453.0 million indicating an increase of 27.2%.
Income from from equity method investments
Investment in a company in which the company has significant influence but is not controlled is accounted for using the equity method. This includes entities in which the company holds majority ownership but the minority stockholders have substantive participating rights in the investee. Equity method investments are included as non-current assets on the consolidated record.
Income from equity method investments has been on increase since Q3 2020. It rose to $49.0 million in Q2 2021 from -$10.0 million in Q3 2020 which is 590% and then rose to $86.0 million in Q3 2021 indicating a growth of 76%.
Net gain (loss) on commodity derivatives\
In 2020, there was a net gain of $116 million, compared to a net loss of $72 million in 2019. The company has multiple crude oils, natural gas, and NGL derivative contracts that settle against various indices. The company records commodity derivative gains/losses as the index pricing and forward curves change each period.
Net gain (loss) on commodity derivatives has always been very volatile. It fell down to -$166.0 million in Q2 2021 from -$1.0 million in Q3 2020 which is a fall of 16500% and then rose to -$79.0 million in Q3 2021 indicating the growth of 52.5%, but still resulting in negative.
Net gain (loss) on disposal of assets
Income decreased $41 million in 2020 from 2019, primarily as a result of the sale of their working interest in the Droshky field (Gulf of Mexico) and U.K. business in 2019. the company had minimal disposal activity in 2020.
Net gain (loss) on disposal of assets has always been very volatile. It didn’t show any rise or fall during Q2 2021, resulting in the growth of 0%. During Q3 2021 it rose to $7.0 million from $1.0 million in Q2 2021 as well as in Q3 2020 indicating the growth of 600%.
Revenues from contracts with customers
Major revenue of marathon oil corporation comes from Revenue from contracts with customers which accounts for 99%. It rose to $1254.0 million in Q2 2021 from $761.0 million in Q3 2020 indicating the growth of 64.8%, then again rose to $1438.0 million in Q3 2021 which is a growth of 14.7%.
Major revenue of Revenue from contracts with customers comes from the United States. Revenue from the United States rose to $1375 million in 2021 from $722 million in 2020 indicating an increase of 90.5%. Revenue from international rose to $63 million in 2021 from $39 million in 2020 which is 62%.
About the Company
Marathon Oil Corporation is an independent exploration and production company founded in 2001, a US resource in Eagleford, Texas, Bakken, North Dakota, Stack and Scoop, Oklahoma, and Northern Delaware, New Mexico. Focuses on characteristics. 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. The two segments are:
The company is traded at the NYSE under the ticker symbol MRO.
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