Marathon Oil Corp. Stock

Description Marathn Oil

Marathon Oil Corporation (Symbol: MRO) is an independent exploration and production (E&P) company engaged primarily in the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids (NGLs). The company is headquartered in Houston, Texas, and operates globally in the United States, Equatorial Guinea, the United Kingdom, and Libya.

Marathon Oil's operations are mainly focused on the onshore and offshore fields in the United States, specifically in shale resources like the Eagle Ford, Bakken, Oklahoma, and Permian Basin, as well as Gulf of Mexico deepwater operations. In addition to its domestic operations, the company has international assets in the North Sea, West Africa, and the Middle East.

Founded in 1887 as The Ohio Oil Company, Marathon Oil has a long history in the industry, and it has experienced many significant changes over the years. In 2011, the company spun off its downstream business, which consists mainly of refining, marketing, and transportation operations, into a separate publicly-traded company called Marathon Petroleum Corporation (Symbol: MPC).

The company's primary objective is to create sustainable value by leveraging its competitive advantages, focusing on low-cost, high-return projects, and maintaining a strong financial position. Marathon Oil is committed to delivering long-term growth and strong shareholder returns while prioritizing operational efficiency, safety, and environmental responsibility.

Investors looking to invest in Marathon Oil should carefully consider factors such as commodity prices, production levels, the company's competitive position within the industry, financial health, and potential regulatory implications before making an investment decision.