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Performance Highlights

Section 5

Performance Highlights

Sustainability Highlights (a)(b)

Category20202019ChangeComments
Fatalities (Employee and Contractor Workforce)00N/ANo fatalities since becoming an independent E&P in 2011.
Global Safety Performance - Total Recordable Incident Rate (TRIR)0.240.32Best year of safety performance in company’s history.
Global GHG Emissions (Scope 1 & 2) (million tonnes CO₂e) ᶜ4.446.65Decrease primarily driven by a reduction in flaring, particularly in the Bakken.
Global GHG Intensity (Scope 1 & 2) (tonnes CO₂e/production) ᶜ22.8730.76Decrease primarily driven by a reduction in flaring, particularly in the Bakken.
Methane Emissions (million tonnes CO₂e) ᶜ0.520.47Increase in 2020 was due to a counting discrepancy discovered during in-housing of the GHG inventory, and production decline.
Methane Intensity (tonnes CO₂e/production) ᶜ2.662.18Increase in 2020 was due to a counting discrepancy discovered during in-housing of the GHG inventory, and production decline.
Energy Use (trillion BTU)39.1336.18See Five-Year Performance table for additional details.
Global Spill Events to the Environment ≥ 1 bbl - number ᵈ2730See Environment section for details.
Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Oil) ᵈ590841See Environment section for details.
Global Spill Volumes to the Environment ≥ 1 bbl - barrels (Non-Oil) ᵈ, ᵉ24947,6242020 represents more historic spill performance. See Environment section for additional details.
Employees - Minorities as a Percentage of Workforce (U.S.) ᶠ, ᵍ30.630.1See Workforce section for details.
Employees - Females as a Percentage of Workforce (Global) ᶠ, ᵍ29.829.8N/ASee Workforce section for details.
Social Investments - Philanthropic and Sustainable (million dollars)$14.5$14.9See 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)

Category20202019
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)306323
International Segment (mboed) ᵇ7791
LNG (mtd) ᶜ4,2894,933
Methanol (mtd) ᶜ1,0171,082
Condensate and LPG (boed) ᶜ10,28811,104
Net Proved Reserves
Crude Oil and Condensate, Natural Gas Liquids and Natural Gas (mmboe)9721,205
Employees
Number of Employees ᵈ1,6722,000
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.

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