Get to know Marathon Oil
We are a responsible, independent E&P with deep roots in American energy.
Marathon Oil became an independent E&P company on July 1, 2011. Based in Houston, we're focused on the most significant oil-rich resource plays in the U.S. -- the Eagle Ford in Texas, the Bakken in North Dakota, the STACK and SCOOP in Oklahoma, and the Permian in New Mexico. We also have international operations in Equatorial Guinea.
We know our stakeholders are particularly attuned to environmental, social and governance issues, often referred to as “ESG.” Because of this, we’ve prioritized and improved how we communicate our sustainability work through our annual sustainability report which showcases our efforts to achieve safe, responsible and ethical operations.
Last year, we made a commitment to work safer and we succeeded. 2019 marked the best safety performance in MRO history with a peer leading total recordable incident rate (TRIR) of 0.32.
Marathon Oil remains committed to our framework for success, with the foundation of a peer leading balance sheet and the competitive advantages of our multi-basin portfolio.
We have the right portfolio of assets and the right strategy: putting returns first, generating sustainable free cash flow at conservative oil prices and sharing that cash flow with investors.
Our stock trades on the New York Stock Exchange under the ticker symbol: MRO.
Defining who we are.
We are Marathon Oil
As we work to produce the energy the world needs, we are defined by our shared values.
We start with a commitment that doing the right thing is non-negotiable. Safety, social responsibility and ethical behaviors enable our license to operate.
We are collaborative as one, inclusive team.
Take ownership of our own successes and make a difference.
Be bold by taking informed risks with confidence.
Deliver results by focusing on the activities that deliver enduring value.
Delivering value since 1887.
While we feel like a start-up in many ways, our roots go back 130 years to our company's formation in 1887.
From the beginning, we focused on oil production, starting as the Ohio Oil Company. We operated as an integrated oil company for nearly 90 years of our history. In 2011, we spun off the refining business and became an independent E&P company.
It’s not just a phrase. It’s a way of life.
Why it Matters
Integrity helps us compete successfully in everything we do. Our Code of Business Conduct reinforces our long-standing commitment to high ethical standards and summarizes the fundamental importance of acting with integrity.
It’s important that our employees, stakeholders and business partners understand our position regarding ethical business conduct.
Learn more about ethics and integrity at Marathon Oil.