Marathon Oil
American company engaged in hydrocarbon exploration headquartered in Houston, Texas / From Wikipedia, the free encyclopedia
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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.
Formerly | The Ohio Oil Company (1887–1962) |
---|---|
Company type | Public |
NYSE: MRO S&P 500 component | |
Industry | Petroleum |
Predecessor | |
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) |
3,951,000,000 United States dollar (2022) | |
-$1.451 billion (2020) | |
Total assets | $17.956 billion (2020) |
Total equity | $10.561 billion (2020) |
Number of employees | 1,672 (2020) |
Subsidiaries |
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Website | marathonoil.com |
Footnotes / references [1] |
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]