Marathon Oil Corp.    

 
NYSE: MRO

Address:

5555 San Felipe Rd.

Houston, TX 77056-2723

United States

Phone:
(713) 629-6600

Company description

Marathon Oil Corp. was originally organized in 2001, as USX HoldCo, Inc., a wholly-owned subsidiary of the former USX Corp. It refines, markets and transports crude oil and petroleum products. Marathon's operations consist of four reportable operating segments: exploration and production; oil sands mining; refining, marketing and transportation; and integrated gas. Exploration, development and production activities are conducted in 10 countries: the United States, Angola, Canada, Equatorial Guinea, Gabon, Indonesia, Ireland, Libya, Norway and the United Kingdom. As of December, 2008, the company owned and operated seven refineries in the Gulf Coast, Midwest and upper Great Plains. Refined products are supplied to resellers and consumers within 23 states. Historically, after a reorganization in July, 2001, USX HoldCo, Inc. became the parent entity and the former USX Corp. was merged into a subsidiary of USX HoldCo Inc.; USX HoldCo, Inc. then changed its name to USX Corp., then Marathon Oil Corp. As a result of the USX separation, Marathon and United States Steel became separate companies. In 2005, the company acquired 38-percent ownership interest in Marathon Ashland Petroleum LLC (MAP), a portion of Ashland's Valvoline Instant Oil Change business, and other interests, effectively making MAP wholly owned by Marathon. In 2007, it acquired Western Oil Sands Inc. The company's retail outlets operate under the Speedway and SuperAmerica brands.

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News and information about Marathon Oil Corp.

Form 8-K: Marathon Oil Files Current Report
US Fed News Service, Including US State News; May 10, 2018; 396 words
WASHINGTON, May 10 -- Marathon Oil Corp, Houston, files Form 8-K (current report) with Securities...On May 3, 2018, Mr. Michael E. J. Phelps, a member of Marathon Oil Corporation's Board of Directors since January 2009, informed...
MARATHON OIL REPORTS DISPOSITION BY EXECUTIVE VP - OPERATIONS LITTLE (Texas)
US Fed News Service, Including US State News; May 10, 2018; 282 words
WASHINGTON, May 10 -- Marathon Oil Corp. (MRO), Houston, has filed a Form 4 with the Securities and Exchange Commission noting the change in the beneficial interest...
Lawmakers Want to Cut Refinery Risk; Husky Energy Blast Raises Questions about Safety of Hydrogen Fluoride
Star Tribune (Minneapolis, MN); May 8, 2018; 700+ words
...and Dibble also want to know if the facility, which was recently sold by San Antonio-based Andeavor to Houston-based Marathon Oil, has complied with the Emergency Planning and Community Right to Know Act, a 1986 law designed to inform local communities...
Marathon Is Buying St. Paul Park Oil Refinery; Move Is Part of $23B Deal That Would Create Largest Independent U.S. Refiner
Star Tribune (Minneapolis, MN); May 1, 2018; 664 words
...since then. Marathon Petroleum's corporate predecessor, Marathon Oil, co-owned or owned the refinery and SuperAmerica from...upgrades. In 2010, Northern Tier bought the refinery from Marathon Oil, which later spun off a separate refining company known...
Cyber Attacks Targeting US's Energy Sector 'Scary' - Analysts
The Mercury (South Africa); April 30, 2018; 700+ words
...is just one of several security firms working with the industry. "It's scary," said Brian Walker, a former head of Marathon Oil's global IT and now an independent consultant. Executives making funding decisions "aren't necessarily millennials...
Libyan Oil Deal with France's Total Hits Snag
The Mercury (South Africa); April 23, 2018; 491 words
...deal that French major Total announced last month to buy Marathon Oil's stake in the country's Waha concessions, several sources...the government, but it will be done." A spokesperson for Marathon Oil said the company had already received payment for the sale...
Is VLO an Acronym for Volatility?
Business Finance (Online Exclusive); April 16, 2018; 548 words
...plainly more price variance in the oil stocks. Among the refiners, volatility's poster child this past year is Marathon Oil Corp. (NYSE: MRO) with a standard deviation of nearly 37 percent. Valero weighs in at less than 20 percent while...
US Stocks Close Lower, Weighed Down by Banks
Saudi Press Agency (SPA); April 13, 2018; 348 words
...lost 2.7 percent. Regional bank PNC Financial gave up 4.1 percent. Energy stocks rose along with the price of oil. Marathon Oil jumped 3 percent. The S&P 500 fell 7 points, or 0.3 percent, to 2,656. The Dow Jones industrial average lost 122...

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Industry information

NAICS codes 
North American Industry Classification System (NAICS) codes are used to classify businesses for the purpose of collecting statistical data related to the U.S. economy. NAICS codes have been assigned to international companies to help organize all companies by type of activity.  

Primary: 324110 - Petroleum Refineries

211111 - Crude Petroleum and Natural Gas Extraction

324121 - Asphalt Paving Mixture and Block Manufacturing

325998 - All Other Miscellaneous Chemical Product and Preparation Manufacturing


 

SIC codes 
Standard Industrial Classification (SIC) codes classify establishments by their primary type of activity. SIC codes are a U.S. Census Bureau system but can apply to international companies.  

Primary: 2911 - Petroleum Refining industry report

1311 - Crude Petroleum and Natural Gas industry report

2899 - Chemicals and Chemical Preparations, NEC industry report

2951 - Asphalt Paving Mixtures and Blocks industry report