Marathon Oil Corporation · Houston, TX United States ·(NYSE: MRO)
Company Description
Phone: 713-629-6600
Fax: 713-296-2952
Rankings
- #256 in FT Global 500
- #23 in FORTUNE 500
- S&P 500
View Marathon Oil Corporation Locations On A US Map
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This link will open in a new window In the long-running competition for profits in the oil and gas industry, Marathon Oil is keeping up a steady pace. Through its Marathon Oil Company subsidiary, the company explores for and produces oil and gas primarily in Angola, Canada, Equatorial Guinea, Libya, Norway, Indonesia, the UK, and the US. It has net proved reserves of 1.2 billion barrels of oil equivalent and 299 million barrels of bitumen (oil sands). Marathon Oil's Marathon Petroleum operates seven refineries with a total capacity of 1 million barrels of crude oil a day. Marathon Petroleum supplies about 4,600 Marathon-branded US retail gas outlets. Marathon Oil also services 1,620 Speedway SuperAmerica gas stations. To read the full description, subscribe now.
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Key Marathon Oil Corporation Financials
| Company Type | Public - NYSE: MRO Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $72,128.0 |
| 2008 Employees | 30,360 |
Marathon Oil Corporation Executives
40 executives listed for Marathon Oil Corporation's Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman | Thomas Usher | Network |
| President, CEO, and Director | Clarence Cazalot | Network |
| EVP and CFO | Janet Clark | Network |
Competition
Competitive Landscape for Marathon Oil Corporation
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Marathon Oil Corporation Competitors
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