Marathon Oil Corporation’s 2015 Living Our Values Corporate Sustainability Report illustrates our efforts to advance our nonfinancial performance and to promote economic, social and environmental sustainability where we live and work. We provide examples of how we are “living our values” – to be healthy and safe, environmental stewards, open and honest, community partners and results focused – through our business activities.
Unless otherwise stated, all information and performance data relate to exploration and production operations. In some cases, we include information on our non-operated assets, such as Equatorial Guinea LNG Holdings Limited (EG LNG) that is material to our corporate sustainability performance.
Our reporting follows the Oil & Gas Industry Guidance on Voluntary Sustainability Reporting, a joint publication of IPIECA, the American Petroleum Institute (API) and the International Association of Oil & Gas Producers (IOGP). This framework for the petroleum industry helps Marathon Oil select indicators to demonstrate our performance related to governance, society, the workplace and the environment. Our approach to reporting is also informed by the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines. We include quantitative and qualitative metrics to provide relevant and meaningful information about our operations and nonfinancial performance.
This report was reviewed by Marathon Oil subject matter experts, legal and accounting staff, executives and the Board of Directors. It was not evaluated by any third party or external assurance agency, except for the financial and operational highlights excerpted from the 2015 Form 10-K Annual Report.
Report materiality was based on a review of risks identified during the Enterprise Risk Management process and on engagements with Marathon Oil managers and subject matter experts; socially responsible investors (SRIs) and other investors; business partners; industry associations; nongovernmental organizations; and nonprofit and community partners. Investment reports and media coverage also informed the materiality determination. In addition, we reviewed peer company reports to benchmark our reporting practices. These internal and external perspectives help us identify, understand and consider the risks and opportunities associated with new and emerging issues, regulations, standards and leadership practices.
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Marathon Oil Corporation
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5555 San Felipe Street
Houston, TX 77056-2723 USA
Telephone: +1 713-296-3911