• Marathon Oil average return on tangible equity for 2023 was 17.68, a 37.37% decline from 2022.
• Marathon Oil average return on tangible equity for 2022 was 28.23, a 1400.92% decline from 2021.
• Marathon Oil average return on tangible equity for 2021 was -2.17, a 66.87% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.