Back ماراثون أويل Arabic ماراتون اویل AZB Marathon Oil German Marathon Oil Spanish ماراتن اویل Persian Marathon Oil French Marathon Oil ID Marathon Oil Italian Marathon Oil Malay Marathon Oil Dutch
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 Marathon Oil Tower, former company headquarters | |
| Formerly | The Ohio Oil Company (1887–1962) |
|---|---|
| Company type | Subsidiary |
| NYSE: MRO | |
| Industry | Petroleum |
| Predecessor | |
| Founded | 1887 as "The Ohio Oil Company" |
| Defunct | November 22, 2024 |
| Fate | Acquired by ConocoPhillips in 2024 |
| Headquarters | Houston, Texas U.S. |
Key people | Lee M. Tillman (president & CEO) Dane E. Whitehead (CFO) |
| Products | Fuel Natural gas |
Production output | 383 thousand barrels of oil equivalent (2,340,000 GJ) per day |
| Brands | Marathon (1930–) |
| Revenue |  $3.086 billion (2020) |
3,951,000,000 United States dollar (2022)  | |
| -$1.451 billion (2020) | |
| Total assets | $17.956 billion (2020) |
| Total equity | $10.561 billion (2020) |
Number of employees | 1,672 (2020) |
| Parent | ConocoPhillips |
| Subsidiaries | Marathon Petroleum (2009–11) |
| Website | marathonoil.com |
| Footnotes / references [1] | |
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips.
Marathon was founded in Lima, Ohio as the Ohio Oil Company. In 1899, the company was acquired by the Standard Oil Company (New Jersey). After the antitrust case against Jersey Standard in 1911 and subsequent breakup of its holdings, Ohio Oil once again became an independent company. In 1930, Ohio Oil acquired the Transcontinental Oil Company, which operated the "Marathon" brand of retail gasoline stations. Ohio Oil continued to use the Marathon brand, and in 1962, Ohio changed its name to the Marathon Oil Company.
In January 1982, Marathon was acquired by U.S. Steel. After the acquisition, the USX Corporation was created to act as the parent of U.S. Steel and Marathon Oil, which operated as divisions. In 2001, USX spun off Marathon under the name Marathon Oil Corporation. In 2011, Marathon Oil spun off its downstream operations as Marathon Petroleum.
As of December 31, 2020, the company had 972 million barrels of oil equivalent (5.95×109 GJ) of estimated proven reserves, of which 86% was in the United States and 14% was in Equatorial Guinea.[1] The company's proved reserves consisted 52% of petroleum, 30% natural gas and 18% natural gas liquids.[1] In 2020, the company sold 383 thousand barrels of oil equivalent (2,340,000 GJ) per day, of which 26% was from the Eagle Ford Group, 27% was from the Bakken formation, 17% was from Oklahoma, 7% was from the Northern Delaware Basin, 2% was from other U.S. sources, and 20% was from Equatorial Guinea.[1]
- ^ a b c d "Marathon Oil Corporation 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission. Archived from the original on 2021-10-01. Retrieved 2021-04-11.