Marathon Oil is an independent exploration and production (E&P) company based in Houston. We’re focused on the most significant oil-rich resource plays in the U.S. — the Eagle Ford in Texas, Permian in New Mexico, STACK and SCOOP in Oklahoma, and the Bakken in North Dakota. We also have international operations in Equatorial Guinea. Our stock trades on the New York Stock Exchange under the ticker symbol: MRO.
Marathon Oil became an independent E&P company on July 1, 2011. Based in Houston, we're focused on the most significant oil-rich resource plays in the U.S. -- the Eagle Ford in Texas, the Bakken in North Dakota, the STACK and SCOOP in Oklahoma, and the Permian in New Mexico. We also have international operations in Equatorial Guinea.
We know our stakeholders are particularly attuned to environmental, social and governance issues, often referred to as “ESG.” Because of this, we’ve prioritized and improved how we communicate our sustainability work through our annual sustainability report which showcases our efforts to achieve safe, responsible and ethical operations.
Last year, we made a commitment to work safer and we succeeded. 2019 marked the best safety performance in MRO history with a peer leading total recordable incident rate (TRIR) of 0.32.
Marathon Oil remains committed to our framework for success, with the foundation of a peer leading balance sheet and the competitive advantages of our multi-basin portfolio.
We have the right portfolio of assets and the right strategy: putting returns first, generating sustainable free cash flow at conservative oil prices and sharing that cash flow with investors.
As we work to produce the energy the world needs, we are defined by our shared values.
We start with a commitment that doing the right thing is non-negotiable. Safety, social responsibility and ethical behaviors enable our license to operate.
While we feel like a start-up in many ways, our roots go back 130 years to our company's formation in 1887.
From the beginning, we focused on oil production, starting as the Ohio Oil Company. We operated as an integrated oil company for nearly 90 years of our history. In 2011, we spun off the refining business and became an independent E&P company.
At Marathon Oil, we operate thousands of wells, and they’re constantly streaming data. Seismic monitors, control systems and drone technology are all generating valuable data at scale, every single day. Learn about our groundbreaking work surfacing new data, and converting this vast new resource into useful information for better, faster decision making.
Marathon Oil is proud to play a role in maintaining U.S. energy security and fueling the world in which we live. Being a safe, responsible and ethical operator, and being mindful of our neighbors and communities, is critical to our ability to run efficiently and create long-term value for shareholders.