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CSR in Context

Marathon's business is rooted in Living Our Values, a philosophy encompassing longstanding commitments to health and safety, environmental stewardship, honesty and integrity, corporate citizenship and a high performance team culture. Living Our Values gives us opportunities to make a positive impact in communities and host nations where we operate.   

Comments from Marathon Board Member and Chair of Public Policy Committee

BODPhotoStylePlain-PhilipLaderOf Marathon Oil Corporation's central management tenets, none defines our strategy and day-to-day operations more than the commitment to corporate responsibility. CSR standards and practices guided our business this past year and will endure after the enterprise's restructuring into Upstream and Downstream organizations.

The Board's principal mission is to optimize our shareholders' economic value, but it is our conviction that this is fully compatible with stewardship of Marathon's non-financial values. We take seriously our industry's and our communities' environmental, safety, geopolitical, and workplace risks and opportunities.

We have adopted targets and metrics to measure how we are living up to our own sense of duty to our varied constituencies. Our CSR reporting has transitioned to a well-established ESGW framework to present Marathon's achievements and aspirations for continuous improvement.

We trust that you will find our measures of accomplishments appropriate and meaningful. The Board of Directors, its Public Policy Committee and Marathon management have sought to identify emerging CSR risks and opportunities and to articulate the objectives to which we should be held accountable.

Our efforts are not unfettered. Even the most well-organized initiatives are invariably constrained by conditions where our Company operates, the materials, resources and technologies we employ, and the ever-increasing demand for our products, among other challenges.

We invite our stakeholders to review and evaluate our record and goals, and we welcome your observations and suggestions.

Philip Lader
Chairman, Public Policy Committee
Marathon Oil Corporation Board of Directors