U.S. Resource Play
Focused E&P
This is Marathon Oil
MRO Announces 2021 Capital Budget and Reports Fourth Quarter and Full Year 2020 Results
$1B Maintenance Budget Continues to Prioritize FCF and Balance Sheet Strength
Additional Resources
Get to know Marathon Oil
STRONG LEADERSHIP
PROVEN STRATEGY
SOLID FINANCIALS
A FORCE FOR GOOD
CURRENT STOCK PRICE
$MRO Performance
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STOCK FEED
NYSEMRO
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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