Marathon Oil at a Glance
Marathon Oil Corporation (NYSE:MRO) is an independent global energy company operating in the United States (U.S.), Europe and Africa, with emphasis on U.S. unconventional resource plays.
Based in Houston, Texas, the Company employs approximately 2,300 men and women worldwide who are committed to being responsible, safe and ethical.
Our strategy focuses on low-cost, high-margin, liquids-rich U.S. resource plays. To achieve business sustainability, we work to strengthen our balance sheet, focus relentlessly on costs, simplify and concentrate our portfolio, and achieve profitable growth within cash flows at moderate oil pricing.
Marathon Oil reported 1.45 billion barrels of oil equivalent (BOE) of net proved reserves at year-end 2017, with average daily production of 383,000 net BOE in 2017.
The Company’s reporting segments are organized and managed largely based upon geographic location and the nature of the products and services we offer:
- U.S. Exploration and Production (E&P) – explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the U.S.
- International E&P – explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the U.S., and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea.
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.