A Message from our Board
Every year, oil and natural gas producers face more challenges to growing profitably and creating value for shareholders, as well as rising calls for accountability to investors, employees, communities, governments and business partners for both financial and nonfinancial performance.
The New HES&CR Chair
Retired Senior Vice President
Given these challenges, I am honored to become the chair of the Health, Environmental, Safety and Corporate Responsibility (HES&CR) Committee of Marathon Oil’s board of directors.
The HES&CR Committee ensures that Marathon Oil identifies and manages the health, environmental, safety, social, public policy, political issues and risks that affect our business today and could impact the Company’s long-term sustainability. Committee members also analyze Marathon Oil’s global reputation and strategic positioning.
The work of this committee is critical given heightened stakeholder expectations around corporate social responsibility. The HES&CR Committee will continue to challenge the Marathon Oil leadership team to do business with integrity, improve safety and environmental outcomes, build and reward a results-driven workforce, and contribute to a high quality of life in our communities. We recognize that strong nonfinancial performance is no longer optional – it is a requirement for sustainability.
In May 2018, Philip Lader retired from the Marathon Oil board and the chairmanship of the HES&CR Committee. Phil was a true champion of excellence in governance, society, workforce and the environment, and of Marathon Oil’s commitment to publish an annual corporate sustainability report. I, too, understand our obligation to promote sustainability, and intend to build on his example.
On behalf of the HES&CR committee and the entire Marathon Oil board of directors, thank you for your interest in our nonfinancial performance. We encourage you to share your feedback on our efforts and effectiveness so that we can continue to improve.
Chairman, HES&CR Committee
Marathon Oil Corporation Board of Directors
Featured This Year
Marathon Oil uses well-established business processes to evaluate climate change risk in our investment decisions, and engages with external stakeholders to understand their perspectives.
Marathon Oil and our workforce were deeply affected by the record-shattering storm. But we cared for each other, our neighbors and communities, while continuing critical business functions and safeguarding our South Texas Eagle Ford asset.
Digital Oilfield Capabilities
We’re expanding digital oilfield capabilities throughout our U.S. unconventional resource plays. They’re allowing us to automate field operations, transmit and manage large amounts of data, perform site and equipment surveillance remotely, and analyze and optimize operations.
Since 2002, Marathon Oil has been the operator of a world-class integrated gas business in Equatorial Guinea. We’re striving to bring progress, opportunities and national capacity to the community and host nation, while building long-term shareholder value.