American company engaged in hydrocarbon exploration headquartered in Houston, Texas
Not to be confused with Marathon Petroleum.
Marathon Oil Corporation
Marathon Oil Tower, former company headquarters
Formerly
The Ohio Oil Company (1887–1962)
Company type
Public
Traded as
NYSE: MRO S&P 500 component
Industry
Petroleum
Predecessor
Standard Oil
U.S. Steel
Founded
1887; 137 years ago (1887) as "The Ohio Oil Company"
Fate
Acquired by Standard Oil in 1889; after the SO breakup of 1911 it continued as an independent company
Headquarters
990 Town and Country Boulevard Houston, Texas U.S.
Key people
Lee M. Tillman, President & CEO Dane E. Whitehead, CFO
Products
Fuel Natural gas
Production output
383 thousand barrels of oil equivalent (2,340,000 GJ) per day
Brands
Marathon (1930–)
Revenue
$3.086 billion (2020)
Operating income
3,951,000,000 United States dollar (2022)
Net income
-$1.451 billion (2020)
Total assets
$17.956 billion (2020)
Total equity
$10.561 billion (2020)
Number of employees
1,672 (2020)
Subsidiaries
Husky Energy (1984–2003)
Marathon Petroleum (2009–11)
Website
marathonoil.com
Footnotes / references [1]
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered at 990 Town and Country Boulevard in Houston, Texas.[1] A direct descendant of Standard Oil, it also runs international gas operations focused on Equatorial Guinea, offshore Central Africa.
The company is ranked 534th on the Fortune 500[2] and 1900th on the Forbes Global 2000.[3]
As of December 31, 2020, the company had 972 million barrels of oil equivalent (5.95×109 GJ) of estimated proven reserves, of which 86% was in the United States and 14% was in Equatorial Guinea.[1] The company's proved reserves consisted 52% of petroleum, 30% natural gas and 18% natural gas liquids.[1] In 2020, the company sold 383 thousand barrels of oil equivalent (2,340,000 GJ) per day, of which 26% was from the Eagle Ford Group, 27% was from the Bakken formation, 17% was from Oklahoma, 7% was from the Northern Delaware Basin, 2% was from other U.S. sources, and 20% was from Equatorial Guinea.[1]
^ abcde"Marathon Oil Corporation 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
MarathonOil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered at 990 Town and Country Boulevard...
owned subsidiary of MarathonOil until a corporate spin-off in 2011. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that...
have owned or previously owned Standard Oil descendants, including U.S. Steel (which previously owned MarathonOil), the first incarnation of DuPont (which...
Anglo-Persian Oil Company which acquired Standard Oil of Ohio and Standard Oil of Indiana MarathonOil and Marathon Petroleum, continuations of The Ohio Oil Company...
MarathonOil Tower is a skyscraper in Uptown Houston. The building rises 562 feet (171 m) in height. It contains 41 floors, and was completed in 1983 and...
first oil as an operator from the Jette field in the Norwegian sector of the North Sea. In 2014, Det Norske Oljeselskap bought MarathonOil's Norwegian...
service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. In 2019, the global oilfield services market was...
companies only involved in refining and marketing. Energy portal List of largest oil and gas companies by revenue List of oilfield service companies...
Company (part of The Ohio Oil Company, the ancestor of MarathonOil) and Transcontinental Oil, drilled an exploratory well, the Yates No. 1-A, on the...
oil platforms over 300 m (984 ft) in height. The current highest oil platform is the Petronius platform operated by Chevron Corporation and Marathon Oil...
Libyan company MarathonOil Libya Limited. The latter holds a 16.33% stake in the Waha 4,5 concessions . History The drilling of oil wells in Libya was...
overall business. In 1998, the petroleum division merged with MarathonOil to form Marathon Ashland Petroleum, LLC (MAP). Following that in 1999, Ashland...
The Lexington MarathonOilers, or Lexington MarathonOil, was a professional basketball team. They were a part of the National Alliance of Basketball Leagues...
Petroleum, also known as crude oil or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological...
National Oil Corporation (NOC) in a joint venture with ConocoPhillips, Marathon and Hess Corp. WOC was established in 1956 and its first oil discovery...
Athabasca Oil Sands, the Albian Sands consortium of Shell Canada, Chevron Corporation, and Western Oil Sands Inc. (purchased by MarathonOil Corporation...
Index 16.0 St. Rose Refinery (Shell Oil Company, St. Rose, 45,000 bbl/d (7,200 m3/d) Marathon Detroit Refinery (Marathon Petroleum Company), Detroit, 139...
ExxonMobil First Texas Energy Corporation Hess MarathonOiloil company petroleum products OMV TotalEnergies Tullow Oil Rosneft Midstream operations are sometimes...
the economy of France. In 1917, France effectively exhausted its supply of oil, and had to be rescued by the United States. After the war, the French government...
Centers experienced significant growth. Marathon converted many Speedway truck stops, wholly owned by Marathon, over to the Pilot Travel Center moniker...
Petroleum, Marathon, and Occidental left a production entitlement that was generating 263,000 bbl/d (41,800 m3/d). Negotiations with NOC and US oil companies...
stations owned by Marathon Petroleum. BP, which formerly owned the brand, uses it in Northern California, Oregon and Washington, while Marathon has rights for...
Urals oil is a reference oil brand used as a basis for pricing of the Russian export oil mixture. It is a mix of heavy sour oil of the Urals and the Volga...
Oil shale is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons...
Global Information
$3.086 billion (2020)