Marathon Oil achieves results through an inclusive, diverse and collaborative team culture that allows people to reach their full potential, helping create shareholder value.
Our commitment is to maintain an inclusive work environment to attract, develop and retain employees who actively contribute to growing our business. To support this, we have integrated programs and systems for recruiting, training, development, compensation, performance management and benefits.
We build and sustain a results-focused workforce by focusing on developing premier leaders, growing a culture of learning and creating well-balanced teams. During the low activity period in 2015, we improved training, competency development and workforce management programs to ensure employees are properly trained and positioned to operate safely in a variety of economic conditions.
Due to the low oil price environment in 2015, Marathon Oil took difficult but necessary steps to manage our business. As part of cutting our capital budget in half from 2014 to $3 billion, we reduced our workforce by approximately 700 people, or more than 20 percent. At year-end 2015, Marathon Oil had approximately 2,600 active, full-time employees around the world. Our 2015 turnover rate, excluding retirements, was 19.9 percent, compared to 14.4 percent in 2014. This rate includes employees from non-core assets we sold in 2015.