Marathon Oil Corp (N:MRO)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | P O Box 3128 HOUSTON TX 77253-3128 |
| Tel: | 1-713-2962022 |
| Website: | https://www.marathonoil.com |
| IR: | See website |
| Key People | ||
| Lee M. Tillman Chairman of the Board, President, Chief Executive Officer | Rob L. White Chief Financial Officer, Executive Vice President | Kimberly O. Warnica Executive Vice President, General Counsel, Secretary |
| Michael A Henderson Executive Vice President - Operations | Patrick J. Wagner Executive Vice President - Corporate Development and Strategy | Zach Dailey Chief Accounting Officer, Vice President, Controller | Dane E. Whitehead Chief Accounting Officer, Vice President, Controller |
| Business Overview |
| Marathon Oil Corporation is an independent exploration and production company. The Company is focused on the United States resource plays, which include Eagle Ford in Texas, Bakken in North Dakota, Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) and South-Central Oklahoma Oil Province (SCOOP) in Oklahoma and Permian in New Mexico and Texas. The Company operates through two segments: United States and International. The United States segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the United States. The International segment explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States as well as produces and markets products manufactured from natural gas, such as LNG and methanol, in Equatorial Guinea (E.G.). Its subsidiaries include Alba Associates LLC, Alba Equatorial Guinea Partnership, L.P., Alba Plant LLC and AMPCO Marketing, L.L.C. |
| Financial Overview |
| For the three months ended 31 March 2024, Marathon Oil Corp revenues decreased 7% to $1.55B. Net income decreased 29% to $297M. Revenues reflect U.S. E&P segment decrease of 5% to $1.42B, Oil Equivalent Production -US decrease of 4% to 326K barrels per day. Net income also reflects Exploration Costs - US increase of 40% to $7M, Shipping, handling and other operating increase of 4% to $169M (expense). |
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