Headquarters: Houston, TX, United States
CEO: Mr. Lee M. Tillman
USD as of April 1, 2022
|Company||Market Cap (USD)|
|Canadian Natural Resources Limited||$74.78 B|
|EOG Resources, Inc.||$71.90 B|
|Pioneer Natural Resources Company||$62.19 B|
|CNOOC Limited||$60.19 B|
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered in the Marathon Oil Tower in Houston, Texas. The company is ranked 534th on the Fortune 500 and 1900th on the Forbes Global 2000. 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. The company's proved reserves consisted 52% of petroleum, 30% natural gas and 18% natural gas liquids. 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. In 2020, the company derived 13% of its revenues from sales to Marathon Petroleum and 12% of its revenues from sales to Koch Industries.
Source: Wikipedia, retrieved on March 31, 2022, 9:01 p.m.
Lee M. Tillman, President & CEO Dane E. Whitehead, CFO
Revenue: $3.086 billion (2020)
Operating income: US$ -3.03 billion (2015)
Net income: -$1.451 billion (2020)
Total assets: $17.956 billion (2020)
Total equity: $10.561 billion (2020)