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Marathon Oil Corporation Marathon Oil Corporation is engaged in the worldwide exploration and production of crude oil and natural gas, as well as the domestic refining, marketing and transportation of petroleum products. Headquartered in Houston, Texas, Marathon is among the leading energy industry players, applying innovative technologies to discover valuable energy resources and deliver the highest quality products to the marketplace. With operations that embrace four continents, Marathon strives to be the company of choice for investors, partners, customers, neighbors and employees in the areas in which we do business. In January 2002, we began a new era for Marathon. The separation of USX Corporation into two independent businesses saw the creation of Marathon Oil Corporation as a new standalone energy company on Wall Street. We are excited about the opportunities to grow and prosper that this restructuring provides. Our Vision and Strategy At Marathon, our vision is to be recognized as a pacesetter in creating sustainable value growth through innovative energy solutions and unique partnerships. To realize this vision, we are applying a differentiated business model that takes us beyond a conventional integrated oil business. By adding an integrated gas component to a strong exploration and production business, and a best-in-class retail, refining and marketing segment, we have gained access to a new suite of opportunities that differentiates us from the competition. Integrated gas will provide a third-income stream disconnected from the volatility of upstream commodity prices and downstream margins, adding greater stability and balance to our portfolio. In implementing this new business model we aim to use our size to an advantage—linking our technical strength, commercial skills and international stature with the speed and agility of a small enterprise and a willingness to do things differently. Marathon.com (Opens New Window) Source: Marathon Oil
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