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Performance Highlights

Section 5

Performance Highlights

Sustainability Performance Highlights (a)

Category20192018ChangeComments
Fatalities (Employee and Contractor Workforce)00N/ANo fatalities since becoming an independent E&P in 2011.
Global Safety Performance - Total Recordable Incident Rate (TRIR)0.320.53Best year of safety performance in company’s history.
Social Investments - Philanthropic and Sustainable (million dollars)$14.9$19.3Trending down in alignment with portfolio rationalization.
Global Greenhouse Gas Emissions (million tonnes CO₂e) ᵇ6.655.36Increase 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) ᵇ30.7625.35Increase primarily due to Bakken flaring, and compression and flaring in the Eagle Ford.
Methane Emissions (million tonnes CO₂e) ᵇ0.470.57Decrease 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) ᵇ2.182.70Decrease 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)36.1844.86See Five-Year Performance table for additional details.
Global Spill Events to the Environment ≥ 1 bbl - number ᶜ3047See Environment section for additional details.
Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Oil) ᶜ841578See Environment section for additional details.
Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Non-Oil) ᶜ ᵈ47,624396Increase 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 ᶠ30.133.3See Workforce section for additional details.
Employees - Females as a Percentage of Workforce (Global) ᶠ29.828.1See 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)

Category20192018
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)323298
International segment (mboed) ᵇ91122
LNG (mtd) ᶜ4,9335,805
Methanol (mtd) ᶜ1,0821,241
Condensate and LPG (boed) ᶜ11,10413,034
Net Proved Reserves
Crude oil and condensate, natural gas liquids and natural gas (mmboe)1,2051,281
Employees
Number of employees ᵈ2,0002,400
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.

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