Performance Highlights
Section 5
Performance Highlights
Sustainability Highlights (a)(b)
| Category | 2020 | 2019 | 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) | 0.24 | 0.32 | ↓ | Best year of safety performance in company’s history. |
| Global GHG Emissions (Scope 1 & 2) (million tonnes CO₂e) ᶜ | 4.44 | 6.65 | ↓ | Decrease primarily driven by a reduction in flaring, particularly in the Bakken. |
| Global GHG Intensity (Scope 1 & 2) (tonnes CO₂e/production) ᶜ | 22.87 | 30.76 | ↓ | Decrease primarily driven by a reduction in flaring, particularly in the Bakken. |
| Methane Emissions (million tonnes CO₂e) ᶜ | 0.52 | 0.47 | ↑ | Increase in 2020 was due to a counting discrepancy discovered during in-housing of the GHG inventory, and production decline. |
| Methane Intensity (tonnes CO₂e/production) ᶜ | 2.66 | 2.18 | ↑ | Increase in 2020 was due to a counting discrepancy discovered during in-housing of the GHG inventory, and production decline. |
| Energy Use (trillion BTU) | 39.13 | 36.18 | ↑ | See Five-Year Performance table for additional details. |
| Global Spill Events to the Environment ≥ 1 bbl - number ᵈ | 27 | 30 | ↓ | See Environment section for details. |
| Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Oil) ᵈ | 590 | 841 | ↓ | See Environment section for details. |
| Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Non-Oil) ᵈ, ᵉ | 249 | 47,624 | ↓ | 2020 represents more historic spill performance. See Environment section for additional details. |
| Employees - Minorities as a Percentage of Workforce (U.S.) ᶠ, ᵍ | 30.6 | 30.1 | ↑ | See Workforce section for details. |
| Employees - Females as a Percentage of Workforce (Global) ᶠ, ᵍ | 29.8 | 29.8 | N/A | See Workforce section for details. |
| Social Investments - Philanthropic and Sustainable (million dollars) | $14.5 | $14.9 | ↓ | See Social section for 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 See five-year performance table for 2020 gross production. Applies to all intensity metrics based on total gross production.
c Greenhouse gas (GHG) carbon dioxide equivalent (CO₂e) emissions are based on carbon dioxide, methane and nitrous oxide from Marathon Oil-operated facilities only.
d Data includes spills outside of secondary containment ≥ 1 barrel.
e 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
f Workforce statistics reflect year-end data.
g Minority designation defined by Equal Employment Opportunity EEO-1 report categories.
Financial and Operating Highlights (Dollars in Millions, Except Per Share Data)
| Category | 2020 | 2019 |
|---|---|---|
| Revenues and Other Income | $3,086 | $5,190 |
| Income (Loss) from Operations | $(1,180) | $636 |
| Income Tax Expense (Benefit) | $(14) | $(88) |
| Net Income (Loss) | $(1,451) | $480 |
| Net Income (Loss) Per Share | $(1.83) | $0.59 |
| Long-term Debt | $5,404 | $5,501 |
| Stockholders’ Equity | $10,561 | $12,153 |
| Operating Cash Flow Before Working Capital - Per Share | $1.79 | $3.56 |
| Dividends | $64 | $162 |
| Dividends Per Share | $0.08 | $0.20 |
| Share Repurchases | $85 | $345 |
| Capital Expenditures ᵃ | $1,151 | $2,591 |
| Market Prices | ||
| WTI | $39.34 | $57.04 |
| Henry Hub | $2.08 | $2.63 |
| Price Realizations - Excluding Derivatives | ||
| Oil | $35.93 | $55.80 |
| Gas | $1.77 | $2.18 |
| Price Realizations - Including Derivatives | ||
| Oil | $38.07 | $56.47 |
| Gas | $1.77 | $2.18 |
| Average Daily Net Sales | ||
| United States Segment (mboed) | 306 | 323 |
| International Segment (mboed) ᵇ | 77 | 91 |
| LNG (mtd) ᶜ | 4,289 | 4,933 |
| Methanol (mtd) ᶜ | 1,017 | 1,082 |
| Condensate and LPG (boed) ᶜ | 10,288 | 11,104 |
| Net Proved Reserves | ||
| Crude Oil and Condensate, Natural Gas Liquids and Natural Gas (mmboe) | 972 | 1,205 |
| Employees | ||
| Number of Employees ᵈ | 1,672 | 2,000 |
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.
Social
Producing Energy in a Socially Responsible Way
We prioritize social responsibility because we want to maintain meaningful relationships, operate efficiently and create long-term value for shareholders.
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Safety
Achieving Excellence Through Safe Operations
We’re committed to providing safe, healthy and secure workplaces where all those involved can work free of injury and illness.
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Governance
Strong Governance Supports Our Success
Operating responsibly means managing risks effectively and maintaining processes, systems and foundational principles that govern the way we do business.
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Environment
Stewards of the Air, Water, Land and Wildlife
Protecting the environment is about more than just complying with regulations. We strive to be a valued member of the communities where we work.
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