Marathon Oil

MRO · NYSE

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About MRO

Marathon Oil (MRO) is an independent oil and gas exploration company based in Texas. The company is headquartered in Houston, Texas and currently employs 1,681 full-time employees. The firm 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 firm 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.

Employees
1,681
Headquarters
Houston, Texas
Listed
Nov 26, 1965
Sector
Energy
Industry
Oil, Gas & Consumable Fuels

Revenue by product and region

Fiscal year ended Dec 31, 2022: $7.54B total revenue

By product

  • Crude oil and condensate$244.00M323.6%
  • Natural gas$22.00M29.2%
  • Other$4.00M5.3%
  • Natural gas liquids$2.00M2.7%

By region

  • Bakken$3.02B40.0%
  • Eagle Ford$2.38B31.6%
  • Oklahoma$975.00M12.9%
  • Permian$588.00M7.8%
  • Other U.S.$308.00M4.1%
  • Equatorial Guinea$272.00M3.6%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Marathon Oil suppliers and customers
CompanyRelationshipCorrelation
Chevron CVXSupplier and customer0.98
Marathon Petroleum Corporation MPCCustomer0.97
Viper Energy Partners VNOMSupplier0.97
EnLink Midstream ENLCSupplier0.96
Baytex Energy BTE.TOSupplier and customer0.96
Freehold Royalties FRU.TOSupplier0.96
MarubeniSupplier and customer0.94
NexTier Oilfield Solutions Inc. NEXSupplier0.93
Valero Energy VLOCustomer0.92
Kimbell Royalty Partners, LP KRPSupplier0.92

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