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.