XML 69 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues and other income:      
Sales and other operating revenues, including related party $ 8,736us-gaap_OilAndGasRevenue $ 9,246us-gaap_OilAndGasRevenue $ 9,237us-gaap_OilAndGasRevenue
Marketing revenues 2,110us-gaap_RevenueFromPurchasedOilAndGas 2,079us-gaap_RevenueFromPurchasedOilAndGas 2,729us-gaap_RevenueFromPurchasedOilAndGas
Income from equity method investments 424us-gaap_IncomeLossFromEquityMethodInvestments 423us-gaap_IncomeLossFromEquityMethodInvestments 370us-gaap_IncomeLossFromEquityMethodInvestments
Net gain (loss) on disposal of assets (90)mro_GainLossOnDisposalOfAssets (29)mro_GainLossOnDisposalOfAssets 127mro_GainLossOnDisposalOfAssets
Other income 78us-gaap_OtherOperatingIncome 64us-gaap_OtherOperatingIncome 23us-gaap_OtherOperatingIncome
Total revenues and other income 11,258us-gaap_Revenues 11,783us-gaap_Revenues 12,486us-gaap_Revenues
Costs and expenses:      
Production 2,246us-gaap_LeaseOperatingExpense 2,156us-gaap_LeaseOperatingExpense 2,079us-gaap_LeaseOperatingExpense
Marketing, including purchases from related parties 2,105us-gaap_CostOfPurchasedOilAndGas 2,076us-gaap_CostOfPurchasedOilAndGas 2,734us-gaap_CostOfPurchasedOilAndGas
Other operating 462us-gaap_OtherExpenses 389us-gaap_OtherExpenses 364us-gaap_OtherExpenses
Exploration 793us-gaap_ExplorationExpense 891us-gaap_ExplorationExpense 685us-gaap_ExplorationExpense
Depreciation, depletion and amortization 2,861us-gaap_DepreciationDepletionAndAmortization 2,500us-gaap_DepreciationDepletionAndAmortization 2,008us-gaap_DepreciationDepletionAndAmortization
Impairments 132us-gaap_ImpairmentOfOilAndGasProperties 96us-gaap_ImpairmentOfOilAndGasProperties 371us-gaap_ImpairmentOfOilAndGasProperties
Taxes other than income 406us-gaap_TaxesExcludingIncomeAndExciseTaxes 345us-gaap_TaxesExcludingIncomeAndExciseTaxes 243us-gaap_TaxesExcludingIncomeAndExciseTaxes
General and administrative 654us-gaap_GeneralAndAdministrativeExpense 659us-gaap_GeneralAndAdministrativeExpense 676us-gaap_GeneralAndAdministrativeExpense
Total costs and expenses 9,659us-gaap_CostsAndExpenses 9,112us-gaap_CostsAndExpenses 9,160us-gaap_CostsAndExpenses
Income from operations 1,599us-gaap_OperatingIncomeLoss 2,671us-gaap_OperatingIncomeLoss 3,326us-gaap_OperatingIncomeLoss
Net interest and other (238)mro_NetInterestAndOther (278)mro_NetInterestAndOther (222)mro_NetInterestAndOther
Income from continuing operations before income taxes 1,361us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 2,393us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,104us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 392us-gaap_IncomeTaxExpenseBenefit 1,462us-gaap_IncomeTaxExpenseBenefit 2,248us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 969us-gaap_IncomeLossFromContinuingOperations 931us-gaap_IncomeLossFromContinuingOperations 856us-gaap_IncomeLossFromContinuingOperations
Discontinued operations 2,077us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 822us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 726us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 3,046us-gaap_NetIncomeLoss $ 1,753us-gaap_NetIncomeLoss $ 1,582us-gaap_NetIncomeLoss
Basic:      
Income from continuing operations (in dollars per basic share) $ 1.42us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.32us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.21us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations (in dollars per basic share) $ 3.06us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 1.17us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 1.03us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income (in dollars per basic share) $ 4.48us-gaap_EarningsPerShareBasic $ 2.49us-gaap_EarningsPerShareBasic $ 2.24us-gaap_EarningsPerShareBasic
Diluted:      
Income from continuing operations (in dollars per diluted share) $ 1.42us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.21us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations (in dollars per diluted share) $ 3.04us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 1.16us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 1.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income (in dollars per diluted share) $ 4.46us-gaap_EarningsPerShareDiluted $ 2.47us-gaap_EarningsPerShareDiluted $ 2.23us-gaap_EarningsPerShareDiluted
Dividends (in dollars per share) $ 0.80us-gaap_CommonStockDividendsPerShareCashPaid $ 0.72us-gaap_CommonStockDividendsPerShareCashPaid $ 0.68us-gaap_CommonStockDividendsPerShareCashPaid
Weighted average shares:      
Basic 680us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 705us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 706us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 683us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 709us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 710us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding