Marathon Oil Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Lee M. Tillman
- Full Time Employees
- 1,681
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 990 Town and Country Boulevard Houston TX United States of America 77024-2217
- IPO Date
- Jan 2, 1962
- CIK
- 0000101778
- Website
- marathonoil.com
- Similar Companies
- Business
- Marathon Oil Corporation, formerly an independent exploration and production company based in Houston, Texas, engaged in the worldwide exploration, production, and marketing of liquid hydrocarbons and natural gas. The company focused primarily on unconventional resource plays within the United States, with significant operations in key basins such as the Eagle Ford, Bakken, Permian, STACK, and SCOOP. Internationally, it held interests in integrated gas ventures, including an onshore liquefied petroleum gas processing facility, a liquefied natural gas production plant, and a methanol facility in Equatorial Guinea. Historically, Marathon Oil prioritized generating free cash flow and delivering value to its shareholders through a disciplined capital allocation strategy, including dividends and share repurchases. The company reported strong financial results in the third quarter of 2024, exceeding production guidance for the year. However, Marathon Oil Corporation was acquired by ConocoPhillips in an all-stock transaction valued at $22.5 billion, including net debt, which was announced in May 2024 and subsequently closed in November 2024, resulting in its absorption into ConocoPhillips.
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