U.S. Resource Play
Focused E&P

This is Marathon Oil

Marathon Oil Reports First Quarter 2022 Results

Continuing to Prioritize Return of Capital with $900 Million of YTD Share Repurchases and Fifth Consecutive Base Dividend Raise 

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$MRO Performance

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Focused Returns

Framework for Success

Committed to our Framework

Corporate Returns
Portfolio transformation and focused capital allocation drive multi-year corporate returns improvement through capital efficient growth
Free Cash Flow
Sustainable free cash flow at conservative pricing
Return of Capital
Return of incremental capital to shareholders in addition to peer competitive dividend; funded through free cash flow; not dispositions
Differentiated Execution
Continuous improvement in capital efficiency and operating costs while enhancing our resource base; delivering on our commitments

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Multi-Basin Portfolio
Capital allocation flexibility, broad market access, supplier diversification, rapid sharing of best practices, platform for talent development
Balance Sheet Strength
Financial flexibility to execute businesss plan across broad range of pricing; current net debt/EBITDAX among lowest in peer group

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INVESTOR RELATIONS

Guy Baber
VP, Investor Relations

1.713.296.2022

Contact IR

MEDIA RELATIONS

Kathy Sauve
Manager of Communicaitons and Social Impact

1.713.296.3915

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