Marathon Oil (Marathon Oil) Interest Expense : $-336 Mil (TTM As of Dec. 2023)

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What is Marathon Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marathon Oil's interest expense for the three months ended in Dec. 2023 was $ -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-336 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Marathon Oil's Operating Income for the three months ended in Dec. 2023 was $ 443 Mil. Marathon Oil's Interest Expense for the three months ended in Dec. 2023 was $ -68 Mil. Marathon Oil's Interest Coverage for the quarter that ended in Dec. 2023 was 6.51. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Marathon Oil Interest Expense Historical Data

The historical data trend for Marathon Oil's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marathon Oil Interest Expense Chart

Marathon Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-280.00

-279.00

-257.00

-227.00

-343.00

Marathon Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-84.00	-82.00	-92.00	-94.00	-68.00

Marathon Oil Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-336 Mil.

Marathon Oil (NYSE:MRO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Marathon Oil's Interest Expense for the three months ended in Dec. 2023 was $-68 Mil. Its Operating Income for the three months ended in Dec. 2023 was $443 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,378 Mil.

Marathon Oil's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	443	/	-68
	=	6.51

The higher the ratio, the stronger the company's financial strength is.

Marathon Oil (Marathon Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Oil Corp (NYSE:MRO) » Definitions » Interest Expense

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MRO:Mexico USS:Germany USS:Germany M1RO34:Brazil

Address

990 Town and Country Boulevard, Houston, TX, USA, 77024-2217

Website

https://www.marathonoil.com

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.

Executives

Dane E Whitehead	officer: Executive VP and CFO	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Michael A Henderson	officer: Senior VP, Operations	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Patrick Wagner	officer: See Remarks	1401 MC KINNEY ST., SUITE 2400, HOUSTON TX 77010
Lee M Tillman	director, officer: President and CEO	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST., HOUSTON TX 77056
Rob L. White	officer: VP, Controller & CAO	C/O MARATHON OIL CORPORATION, 990 TOWN & COUNTRY BOULEVARD, HOUSTON TX 77024
Shawn D. Williams	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mark A Mccollum	director	3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77002
Kimberly O. Warnica	officer: Senior VP & General Counsel	505 TRAILS END, HOUSTON TX 77024
Gary Eugene Wilson	officer: VP, Controller & CAO	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST., HOUSTON TX 77056
Holli C. Ladhani	director	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Brent J Smolik	director	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
James Kent Wells	director	1700 LINCOLN STREET, SUITE 2800, DENVER CO 80203-4535
Jason Few	director	2201 COLQUITT STREET, HOUSTON TX 77098
Thomas Mitchell Little	officer: Executive VP - Operations	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
M Elise Hyland	director	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222