5555 San Felipe Street
Houston, TX 77056-2723
Marathon Oil is an energy exploration and production company headquartered in Houston, Texas. Marathon Oil’s business is managed in three segments, North American Exploration and Production, International Exploration and Production and Oil Sands Mining with operations based in North America, Africa and Europe. In 2014, Marathon Oil’s net proved produced 2.2 billion barrels of oil across all assets.
Marathon Oil claims its operational success is largely thanks to its seven strategic imperatives. These imperatives include investing in its employees, continuous improvement with an emphasis on capital efficiency, portfolio management, acquiring quality assets and delivering long-term value to its shareholders.
The importance that Marathon Oil puts on quality technology is also a differentiator for the company. Marathon’s drilling operations focus on horizontal as well as deepwater and conventional wells. Once the well is in production, the company ensures that it operates at maximum efficiency by optimizing its production efficiency.
Marathon Oil Corporation employs 3,300 (as of 2014) and is listed on the New York Stock Exchange under the symbol MRO. Although regularly an even performer on the stock market, Marathon Oil’s stock is highly dependent on the oil industry and its performance.