Marathon Oil (MRO) Stock Price
Marathon Oil Price
Revenue at Marathon Oil has contracted by 9.8% per year over the past 19 years to 6.41 B USD. Earnings per share have grown at 2.0% per year over the last 19 years. Marathon Oil's net margin stands at 24.3%, up from 9.5% several years earlier. Marathon Oil currently offers a dividend yield of about 1.44%. The payout ratio is around 15% of earnings. Analysts set a median price target of 31.62 USD, implying 10.8% above the current price. Of 26 analysts, 13 rate the stock a buy — an overall Buy consensus.
Marathon Oil stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Marathon Oil over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Marathon Oil stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Marathon Oil's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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Marathon Oil Revenue, EBIT, Net Income
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Marathon Oil Income Statement, Balance Sheet, Cash Flow Statement
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | 2028e |
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| 14.50 | 10.85 | 5.52 | 4.03 | 4.37 | 5.90 | 5.06 | 3.10 | 5.60 | 7.54 | 6.41 | 6.69 | 6.60 | 6.79 | 6.57 | 6.59 |
| -7.57 | -25.21 | -49.09 | -27.00 | 8.48 | 34.96 | -14.22 | -38.83 | 80.85 | 34.62 | -15.03 | 4.46 | -1.45 | 2.96 | -3.33 | 0.44 |
| 47.37 | 29.25 | -2.46 | -11.66 | 15.92 | 34.63 | 26.64 | -11.95 | 40.60 | 57.88 | 41.81 | 41.81 | 41.81 | 41.81 | 41.81 | 41.81 |
| 6.87 | 3.17 | -0.14 | -0.47 | 0.70 | 2.04 | 1.35 | -0.37 | 2.27 | 4.36 | 2.68 | 2.80 | 2.76 | 2.84 | 2.75 | 2.76 |
| 5.20 | 1.60 | -2.69 | -0.90 | -2.45 | 1.67 | -1.82 | -1.35 | 0.03 | 4.01 | 2.25 | 2.02 | 0.93 | 0.97 | 0.94 | 0.94 |
| 35.89 | 14.74 | -48.73 | -22.33 | -55.93 | 28.24 | -35.85 | -43.43 | 0.61 | 53.13 | 35.09 | 30.20 | 14.10 | 14.25 | 14.26 | 14.26 |
| 1.75 | 3.05 | -2.20 | -2.14 | -5.72 | 1.10 | 0.48 | -1.45 | 0.95 | 3.61 | 1.55 | 1.37 | 1.36 | 1.33 | 1.16 | 1.29 |
| 10.81 | 73.76 | -172.36 | -2.90 | 167.43 | -119.15 | -56.20 | -402.29 | -165.20 | 281.82 | -56.98 | -11.90 | -0.95 | -1.92 | -12.56 | 10.58 |
| – | – | – | – | – | – | – | – | – | 0.32 | 0.41 | 0.44 | 0.45 | 0.47 | – | – |
| – | – | – | – | – | – | – | – | – | – | 28.12 | 7.32 | 2.27 | 4.44 | – | – |
| 701.00 | 677.00 | 678.00 | 847.00 | 850.00 | 829.00 | 800.00 | 790.00 | 773.00 | 637.00 | 584.83 | 584.83 | 584.83 | 584.83 | 584.83 | 584.83 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Marathon Oil generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Marathon Oil retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Marathon Oil's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Marathon Oil has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Marathon Oil's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Marathon Oil stock margins
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Marathon Oil Stock Revenue, EBIT, Earnings per Share
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Marathon Oil business model & stock analysis
Marathon Oil SWOT Analysis
Strengths
1. Diversified asset portfolio, including oil and gas reserves in various regions.
2. Strong financial position, enabling investment in exploration and development projects.
3. Technological expertise and innovation, providing a competitive edge in drilling and production.
Weaknesses
1. Dependency on oil prices, making the company vulnerable to market fluctuations.
2. Environmental concerns and potential regulatory challenges impacting operations.
3. Limited access to some resource-rich regions, restricting expansion opportunities.
Opportunities
1. Emerging markets with increasing energy demands offer growth possibilities.
2. Shifting towards renewable energy sources to diversify and meet environmental goals.
3. Potential for mergers and acquisitions to enhance market position and access new reserves.
Threats
1. Intense competition from other oil and gas companies, affecting market share.
2. Political and economic instability in certain regions impacting operations and investments.
3. Fluctuating global energy demand and geopolitical factors affecting oil prices.
Marathon Oil Employees
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Marathon Oil Segments
Marathon Oil Revenue by Segment (1/4)
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Marathon Oil Revenue by Segment (2/4)
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Marathon Oil Revenue by Segment (3/4)
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Marathon Oil Revenue by Segment (4/4)
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Marathon Oil Revenue by Region
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Marathon Oil Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Marathon Oil historical P/E ratio, EBIT multiple, and P/S ratio
Marathon Oil annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Marathon Oil shares outstanding
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Marathon Oil stock splits
Marathon Oil Dividend History
35 years of dividend payments · 4 consecutive increases
Marathon Oil dividend history and estimates
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Marathon Oil dividend payout ratio
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Current Marathon Oil forecasts and price targets in August 2026
Analyst Price Targets 2026Marathon Oil Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 11/18/2024 | Maintained | Overweight | 51 | |
| 10/10/2024 | Maintained | Sector Perform | 75 | |
| 10/3/2024 | Maintained | Overweight | 33 | |
| 10/1/2024 | Maintained | Equal Weight | 56 | |
| 9/30/2024 | Maintained | Buy | – | |
| 9/18/2024 | Maintained | Neutral | 51 | |
| 9/16/2024 | Maintained | Neutral | 31 | |
| 9/12/2024 | Maintained | Neutral | 80 | |
| 9/5/2024 | Maintained | Neutral | 48 | |
| 9/4/2024 | Maintained | Positive | – |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Marathon Oil Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 8/7/2026 | 0.26USD | - | -USD | - | 2026 Q1 |
| 5/1/2024 | 0.91USD | - | 1.85 BUSD | - | 2024 Q1 |
| 2/13/2024 | 0.82USD | - | 1.81 BUSD | - | 2023 Q4 |
| 8/1/2023 | 1.00USD | - | 1.93 BUSD | - | 2023 Q2 |
| 5/2/2023 | 1.06USD | - | 1.98 BUSD | - | 2023 Q1 |
| 2/14/2023 | 1.06USD | - | 1.96 BUSD | - | 2022 Q4 |
| 11/2/2022 | 1.20USD | - | 2.05 BUSD | - | 2022 Q3 |
| 8/3/2022 | 1.28USD | - | 2.11 BUSD | - | 2022 Q2 |
| 5/4/2022 | 0.93USD | - | 1.74 BUSD | - | 2022 Q1 |
| 2/16/2022 | 0.56USD | - | 1.57 BUSD | - | 2021 Q4 |
EESG©
Eulerpool ESG Scorecard© for the Marathon Oil stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Marathon Oil shareholder structure
| % | Name |
|---|---|
0.35426% | |
0.15387% | |
0.11050% | |
0.08070% | |
0.06287% | |
0.05904% |
Marathon Oil Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
11.13% | SEC ↗ | |
11.00% | SEC ↗ | |
10.60% | SEC ↗ | |
10.10% | SEC ↗ | |
9.30% | SEC ↗ | |
7.80% | SEC ↗ | |
6.70% | SEC ↗ | |
6.50% | SEC ↗ | |
6.16% | SEC ↗ | |
5.92% | SEC ↗ |
Marathon Oil Executives and Management Board
1 members · 0 % women
Mr. Guy Baber
Vice President - Investor Relations · since 2018
Marathon Oil Supply Chain
Marathon Oil Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.98 | 0.96 | 0.98 | ||
| 2 | 0.95 | 0.97 | 0.98 | ||
| 3 | 0.93 | 0.97 | 0.98 | ||
| 4 | 0.96 | 0.98 | 0.97 | ||
| 5 | 0.94 | 0.96 | 0.97 |
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.83 | 0.74 | — | ||
| 2 | 0.85 | — | — | ||
| 3 | — | — | — | ||
| 4 | 0.73 | 0.60 | -0.10 | ||
| 5 | Evolve Transition Infrastructure | -0.16 | -0.73 | 0 |
Frequently asked questions about Marathon Oil
The business model of Marathon Oil Corp focuses on exploration, production, and marketing of oil and natural gas resources. As a leading independent energy company, Marathon Oil Corp specializes in upstream operations, including identifying potential hydrocarbon reservoirs, drilling exploratory wells, and extracting and producing oil and gas reserves. With a diversified portfolio, Marathon Oil Corp operates globally, aiming to deliver sustainable growth and value for its shareholders. Leveraging its expertise, strong technical capabilities, and innovative technologies, the company strives to efficiently develop and maximize the potential of its assets while adhering to responsible environmental practices. Marathon Oil Corp continually aims to enhance profitability and strengthen its position in the energy industry.
Marathon Oil Corp is primarily active in the oil and gas industry.
The main competitors of Marathon Oil Corp in the market include ExxonMobil, Chevron, ConocoPhillips, and BP.
Marathon Oil Corp, a leading global energy company, has a rich history and background. Established in 1887, the company has evolved into a prominent player in the oil and gas industry. Originally called The Ohio Oil Company, Marathon Oil Corp has grown through various acquisitions and expansions. Over the years, it has focused on exploration, production, refining, and marketing of petroleum products. With a strong presence in North America, Europe, and Africa, Marathon Oil Corp has a diverse portfolio that includes conventional and unconventional resources. It is renowned for its commitment to innovation, sustainable practices, and delivering value to its shareholders. Marathon Oil Corp continues to make significant contributions to the energy sector's growth and development.
Marathon Oil Corp, a leading energy company, has achieved several significant milestones in its esteemed history. Since its inception, the company has successfully expanded its global presence and diversified its oil and gas portfolio. Marathon Oil Corp played a vital role in the development of major oil fields around the world, including the Eagle Ford in Texas and the Bakken in North Dakota. Furthermore, the company has demonstrated a strong commitment to environmental sustainability and community engagement. Marathon Oil Corp's continuous efforts in technological innovation and operational excellence have positioned it as a prominent player in the energy industry.
Marathon Oil Corp is primarily present in multiple countries and regions across the globe. The company has a significant presence in the United States, where it is headquartered. Additionally, Marathon Oil Corp operates in many key global energy markets, including Africa, Europe, Asia, and the Middle East. With an extensive international footprint, Marathon Oil Corp leverages its global operations to explore, produce, and market oil and gas resources. This diversified presence enables the company to capitalize on various market opportunities and effectively cater to the energy demands of different regions.
Marathon Oil Corp represents strong values and a robust corporate philosophy. The company focuses on integrity, transparency, and accountability in all its operations. Marathon Oil Corp emphasizes a commitment to safety, environmental responsibility, and the well-being of its employees and stakeholders. With a dedication to continuous improvement, Marathon Oil Corp strives to deliver value for its shareholders while maintaining a high standard of ethical conduct. As a leading exploration and production company, Marathon Oil Corp maintains a global presence and continually seeks innovative solutions to meet the evolving energy demands of the world.
Analysts currently set an average price target of 31.80 USD for the Marathon Oil stock (median: 31.62 USD), implying +11.4 % versus the latest price. The consensus is based on 26 analyst ratings.
26 analysts currently rate the Marathon Oil stock: 13 recommend buying, 13 holding and 0 selling. For 2026, analysts expect Marathon Oil to generate revenue of 6.79 B USD and earnings per share of 2.28 USD.
Converted at the current exchange rate, the Marathon Oil share trades at 24.76 EUR (28.55 USD).
The Marathon Oil share (MRO) is listed on 10 stock exchanges, including: NYSE (MRO), XETRA (USS.DE), Frankfurt (USS.F), München (USS.MU), Düsseldorf (USS.DU), London (0JY9.L), London (0JY9.L), SIX (Zürich) (USS.SW).
Marathon Oil Corp is an American company engaged in the exploration, production, and marketing of oil and gas. It has been in business since 1887 and is headquartered in Houston, Texas. The company's business model is based on an integrated structure that encompasses all stages of the value chain, including exploration, production, processing, marketing, and sales. Marathon Oil Corp is divided into three business segments: North America, International, and Libya. Each segment is responsible for producing and selling oil and gas. The North American segment focuses on the Eagle Ford field in Texas, the Bakken field in North Dakota, and the Oklahoma resource basin. The international segment operates projects in Africa, Europe, and the Middle East, with a focus on offshore oil in Angola and Equatorial Guinea, conventional drilling in Norway, Poland, and the UK, and oil exploration and production in Iraq and the Kurdistan region. In Libya, the company has been operating oil fields since 1958, making it the company's most important production site. Marathon Oil Corp's products include oil and gas, including crude oil, natural gas, liquefied petroleum gas, and liquefied natural gas. The company primarily sells its products to oil refineries, chemical companies, and power generation companies. It also maintains partnerships, joint ventures, and strategic alliances with other oil and gas companies to promote growth. The company develops new technologies and processes to improve the efficiency of oil and gas production and minimize environmental impacts. Overall, Marathon Oil Corp's business model is focused on vertical integration of the value chain and encompasses a wide range of business activities in various geographical regions. The company strives to increase oil and gas production through innovative technologies and partnerships while ensuring minimal environmental impacts.
The expected revenue of Marathon Oil is 6.79 B USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Marathon Oil is 1.33 B USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Marathon Oil is currently 12.55. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Marathon Oil stock.
The price-to-sales ratio (P/S) of Marathon Oil is currently 2.46. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Marathon Oil stock.
The Eulerpool Quality Score for Marathon Oil is 3/10.
The ISIN of Marathon Oil is US5658491064. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Marathon Oil is 852789. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Marathon Oil is MRO. The ticker symbol is used to trade Marathon Oil shares on the stock exchange.
Over the past 12 months, Marathon Oil paid a dividend of 0.41 USD . This corresponds to a dividend yield of about 1.44 %. For the coming 12 months, Marathon Oil is expected to pay a dividend of 0.48 USD.
The current dividend yield of Marathon Oil is 1.44 %.
Marathon Oil pays a dividend, distributed in the months of , , , .
Marathon Oil paid dividends every year for the past 0 years.
For the upcoming 12 months, dividends amounting to 0.48 USD are expected. This corresponds to a dividend yield of 1.68 %.
Marathon Oil is assigned to the 'Energy' sector.
To receive the latest dividend of Marathon Oil from amounting to 0.11 USD, you needed to have the stock in your portfolio before the ex-date on .
The last dividend was paid out on .
In the year 2025, Marathon Oil distributed 0.44 USD as dividends.
The dividends of Marathon Oil are distributed in USD.
Marathon Oil stock
Marathon Oil Peer Group
Marathon Oil Ticker
Marathon Oil FIGI
All fundamentals and in-depth analysis of Marathon Oil
Our stock analysis for Marathon Oil stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Marathon Oil. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.