MRO Profile
Marathon Oil Corporation operates as an independent exploration and production company with a global footprint spanning the United States and international markets. The company is primarily engaged in the exploration, development, and extraction of crude oil and condensate, natural gas liquids, and natural gas. Marathon Oil also plays a significant role in the marketing of these hydrocarbon products, contributing to energy supply chains worldwide. Moreover, the company focuses on leveraging natural gas to produce liquefied natural gas (LNG) and methanol, further diversifying its product portfolio and enhancing market presence.
In addition to its exploration and production activities, Marathon Oil Corporation manages a robust infrastructure network that includes 32 central gathering and treating facilities. These facilities play a crucial role in gathering and processing natural gas and other hydrocarbons from various production sites, ensuring efficient transportation and distribution to market. Furthermore, the company operates the Sugarloaf gathering system, a key natural gas pipeline spanning 42 miles through Karnes and Atascosa Counties, facilitating seamless connectivity across its operational regions.
Originally known as USX Corporation, Marathon Oil Corporation underwent a strategic rebranding in December 2001 to underscore its focused commitment to the oil and gas exploration and production sectors. Founded in 1887 and headquartered in Houston, Texas, the company maintains a rich heritage of industry leadership and innovation. Marathon Oil Corporation continues to uphold its legacy of operational excellence and sustainability, driving forward with a strategic vision aimed at delivering value to shareholders while responsibly meeting global energy demands.
With a steadfast dedication to safety, environmental stewardship, and technological advancement, Marathon Oil Corporation remains poised for growth and resilience in a dynamic energy landscape. The company's strategic initiatives and proactive approach to resource management reinforce its position as a trusted partner in the global energy sector, contributing to economic development and energy security worldwide.
|
