Marathon Oil
0.0 %
15.48 %
Yet to be announced
Company Overview
Marathon Oil Corporation is an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline.
Revenue Sources
PassMarathon Oil's primary revenue streams come from the exploration, production, and sale of crude oil and natural gas. These are permissible commodities and business activities from an Islamic finance perspective. The company's business model involves real asset exchange and value creation through natural resource extraction and processing.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $1.79b | $1.25b | - | - | 0.00% | 0.00% |
| June 30, 2024 | $1.69b | $1.17b | - | - | 0.00% | 0.00% |
| March 31, 2024 | $1.55b | $1.1b | - | - | 0.00% | 0.00% |
| Dec. 31, 2023 | $1.69b | $1.18b | - | - | 0.00% | 0.00% |
Based on the financial data from the last four quarters (Q4 2023 through Q3 2024), Marathon Oil reported zero interest income and zero interest expense. This indicates that interest-bearing activities are not material to the company's operations. The company's revenue is primarily derived from its core operations in oil and gas production.
Operational Ethics
PassAfter reviewing Marathon Oil's operations and public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily concentrated in the United States, and there are no current material ties to Israel or the Chinese Communist Party.
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