| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
564 |
| Employees |
1,600 |
| Revenues (TTM) (Millions $) |
6,740 |
| Net Income (TTM) (Millions $) |
1,330 |
| Cash Flow (TTM) (Millions $) |
-40 |
| Capital Exp. (TTM) (Millions $) |
2,100 |
Business Description
Company Profile: Marathon Oil Corporation
Overview
Marathon Oil Corporation is a prominent player in the global oil and gas industry, with its principal operating subsidiaries being Marathon Oil Company and Marathon Ashland Petroleum LLC (MAP). With a legacy dating back to 1887, Marathon Oil has established a robust presence across various sectors of the oil and gas industry, including exploration, production, refining, and marketing.
Business Segments
1. Exploration and Production
Marathon Oil is actively engaged in exploration and development operations in multiple countries worldwide. The companys extensive portfolio includes both offshore and onshore activities, focusing on the discovery and production of crude oil and natural gas.
2. Refining, Marketing, and Transportation
The refining, marketing, and transportation operations of Marathon Oil are primarily conducted through MAP and its subsidiaries. Notable subsidiaries include Speedway SuperAmerica LLC (SSA) and Marathon Ashland Pipe Line LLC. This segment is responsible for the domestic refining and marketing of crude oil and petroleum products.
3. Other Energy-Related Businesses
In addition to its primary operations, Marathon Oil engages in marketing and transporting both its own and third-party natural gas, crude oil, and products refined from natural gas, such as LNG and methanol. The company primarily conducts these activities in the United States, Europe, and West Africa.
Ownership Structure
Marathon Ashland Petroleum LLC is 62% owned by Marathon Oil and 38% owned by Ashland Inc. positioning Marathon Oil as a significant player in joint venture operations that facilitate its refining and marketing capabilities.
Competition and Market Conditions
Marathon Oil faces intense competition in all sectors of the oil and gas industry, particularly in the exploration and development of new reserves. The company competes with both integrated and independent oil and gas firms for the acquisition of leases and properties, as well as for the necessary equipment and labor to develop and operate these assets. Given the financial robustness of some competitors, Marathon Oil often finds itself at a competitive disadvantage when bidding for exploration rights.
Conclusion
With a well-established legacy and a diverse portfolio spanning exploration, production, refining, and marketing, Marathon Oil Corporation is positioned as a key entity in the energy sector. Despite competitive challenges, the company continues to focus on growth and innovation within the dynamic landscape of the oil and gas industry.
Company Address: 990 Town and Country Boulevard, Houston, 77024 TX
Company Phone Number: 629-6600 Stock Exchange / Ticker: NYSE MRO
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