Performance Highlights

Section 5

Performance Highlights

Sustainability Performance Highlights (a)

Category	2019	2018	Change	Comments
Fatalities (Employee and Contractor Workforce)	0	0	N/A	No fatalities since becoming an independent E&P in 2011.
Global Safety Performance - Total Recordable Incident Rate (TRIR)	0.32	0.53	↓	Best year of safety performance in company’s history.
Social Investments - Philanthropic and Sustainable (million dollars)	$14.9	$19.3	↓	Trending down in alignment with portfolio rationalization.
Global Greenhouse Gas Emissions (million tonnes CO₂e) ᵇ	6.65	5.36	↑	Increase primarily due to higher flaring in the Bakken. Bakken gas capture expected to materially improve to ~90% in the second half of 2020.
Global Greenhouse Gas Intensity (tonnes CO₂e on a weighted basis/production) ᵇ	30.76	25.35	↑	Increase primarily due to Bakken flaring, and compression and flaring in the Eagle Ford.
Methane Emissions (million tonnes CO₂e) ᵇ	0.47	0.57	↓	Decrease primarily due to elimination of routine usage of high-bleed pneumatic controllers, and rapid repair of any leaks discovered by our LDAR program.
Methane Intensity (tonnes CO₂e on a weighted basis/production) ᵇ	2.18	2.70	↓	Decrease primarily due to elimination of routine usage of high-bleed pneumatic controllers, and rapid repair of any leaks discovered by our LDAR program.
Energy Use (trillion BTU)	36.18	44.86	↓	See Five-Year Performance table for additional details.
Global Spill Events to the Environment ≥ 1 bbl - number ᶜ	30	47	↓	See Environment section for additional details.
Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Oil) ᶜ	841	578	↑	See Environment section for additional details.
Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Non-Oil) ᶜ ᵈ	47,624	396	↑	Increase primarily due to two large produced water spills. Total spill volume from these two incidents was ~47,500 barrels.
Employees - Minorities as a Percentage of Workforce (U.S.) ᵉ ᶠ	30.1	33.3	↓	See Workforce section for additional details.
Employees - Females as a Percentage of Workforce (Global) ᶠ	29.8	28.1	↑	See Workforce section for additional details.

^a In the second quarter of 2019, we closed on the sale of our non-operated interest in Kurdistan marking a complete country exit. We also closed on the sale of our U.K. business in the third quarter of 2019.

^b Greenhouse gas (GHG) carbon dioxide equivalent (CO₂e) emissions are based on carbon dioxide, methane and nitrous oxide from Marathon Oil-operated facilities only.

^c Data includes spills outside of secondary containment ≥ 1 barrel.

^d Non-oil includes some produced fluids, such as produced water, which may contain trace amounts of hydrocarbons and non-produced fluids such as drilling muds, fracturing and production chemicals

^e Workforce statistics reflect year-end data.

^f Minority designation defined by Equal Employment Opportunity EEO-1 report categories.

Financial and Operating Highlights (Dollars in Millions, Except Per Share Data)

Category	2019	2018
Revenues and other income	$5,190	$6,582
Income from operations	$636	$1,667
Income tax expense (benefit)	$(88)	$331
Net income	$480	$1,096
Net income per share	$0.59	$1.30
Long-term debt	$5,501	$5,499
Stockholders’ equity	$12,153	$12,128
Operating cash flow before working capital - per share	$3.56	$3.79
Dividends	$162	$169
Dividends per share	$0.20	$0.20
Share repurchases	$345	$700
Capital expenditures ᵃ	$2,591	$2,685
Market Prices
WTI	$57.04	$64.90
Henry Hub	$2.63	$3.09
Price Realizations - Excluding Derivatives
Oil	$55.80	$63.11
Gas	$2.18	$2.65
Price Realizations - Including Derivatives
Oil	$56.47	$58.51
Gas	$2.18	$2.65
Average Daily Net Sales
United States segment (mboed)	323	298
International segment (mboed) ᵇ	91	122
LNG (mtd) ᶜ	4,933	5,805
Methanol (mtd) ᶜ	1,082	1,241
Condensate and LPG (boed) ᶜ	11,104	13,034
Net Proved Reserves
Crude oil and condensate, natural gas liquids and natural gas (mmboe)	1,205	1,281
Employees
Number of employees ᵈ	2,000	2,400

^a Capital expenditures include accruals.

^b Includes natural gas acquired for injection and subsequent resale.

^c Reflects net share of equity method investee volumes.

^d Reflects year-end data.

In the second quarter of 2019, we closed on the sale of our non-operated interest in Kurdistan marking a complete country exit. We also closed on the sale of our U.K. business in the third quarter of 2019.