Marathon Oil Corp (MRO)

Overview

Marathon Oil Corporation is an independent entity dedicated to the exploration and production of energy resources, prominently focusing on crude oil and condensate, natural gas liquids, and natural gas. Operating both within the United States and on an international scale, the company has established a firm reputation for its expansive operations in the energy sector. Originally known as USX Corporation, it underwent a rebranding to Marathon Oil Corporation in December 2001, a move that reflected its focused identity in the oil industry. Since its inception in 1887, Marathon Oil has grown significantly, with its headquarters situated in Houston, Texas, a city known as a global hub for the energy industry. This long-standing entity prides itself on a legacy of energy production and continues to play a crucial role in meeting the energy needs of its diverse clientele across the globe.

Products and Services

Marathon Oil Corporation provides a broad range of products and services integral to the energy sector, including:

• Crude Oil and Condensate: The company's core business revolves around the exploration and production of crude oil and condensate. Through utilizing advanced technologies and methods, Marathon Oil ensures efficient extraction and processing to meet global energy demands.
• Natural Gas Liquids (NGLs): As part of its diversified portfolio, Marathon Oil engages in the production and marketing of natural gas liquids, a key component for various industrial and residential applications.
• Natural Gas: Expanding its expertise in the energy sector, the company also focuses on the exploration, production, and marketing of natural gas, catering to the increasing demand for cleaner energy sources worldwide.
• Liquefied Natural Gas (LNG) and Methanol: Products manufactured from natural gas, such as liquefied natural gas and methanol, form an essential part of Marathon Oil’s offerings. These products are marketed across different regions, reflecting the company’s commitment to utilizing natural gas for various applications.
• Sugarloaf Gathering System: Beyond exploration and production, Marathon Oil owns and operates the Sugarloaf gathering system, a natural gas pipeline that plays a pivotal role in the transportation of natural gas, ensuring its safe and efficient delivery to marketplaces.