Marathon Oil
 |
|
| Public company | |
| Traded as | : MRO S&P 500 Component |
| Industry | Petroleum industry |
| Predecessor | The Ohio Oil Company, U.S. Steel |
| Founded | 1887 |
| Headquarters |
Marathon Oil Tower Houston, Texas |
|
Key people
|
Lee M. Tillman, President & CEO |
| Products |
Petroleum Natural gas |
|
Production output
|
438 thousand barrels of oil equivalent (2,680,000 GJ) per day |
| Revenue |  US$5.522 billion (2015) |
| US$-3.03 billion (2015) |
|
| US$-2.204 billion (2015) |
|
| Total assets | US$32.311 billion (2015) |
| Total equity | US$18.553 billion (2015) |
|
Number of employees
|
2,611 (2015) |
| Website | www |
Marathon Oil Corporation is an American petroleum and natural gas exploration and production company headquartered in the Marathon Oil Tower in Houston, Texas.
As of December 31, 2015, the company had 2.163 billion barrels of oil equivalent (1.323×1010 GJ) of estimated proved reserves, of which 44% was in the United States, 32% was in Canada, 12% was in Equatorial Guinea, and 11% was in other countries in Africa, primarily Libya.
The company has concessions with the Waha Oil Company in Libya. Libya accounts for 235 million barrels of oil equivalent (1.44×109 GJ) of estimated proved reserves, although the company did not sell any product from these operations in 2015 since operations were interrupted by civil and political unrest.
In Canada, the company is focused on the Athabasca oil sands project, in which the company owns a 20% interest.
The company's proved reserves consisted 40% of petroleum, 32% synthetic crude, 19% natural gas and 9% natural gas liquids.
In 2015, the company sold 438 thousand barrels of oil equivalent (2,680,000 GJ) per day.
In 2015, the company derived 13% of its revenues from sales to Irving Oil and 11% of its revenues from sales to Shell Oil.
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Wikipedia