Marathon Oil

Marathon Oil, founded in 1887, is an energy company headquartered in Houston, Texas, United States. It is primarily engaged in the exploration, production, and marketing of crude oil and natural gas. Its business operations are structured into two major segments: North America Exploration & Production, which is centered on extracting petroleum and natural gas from various onshore regions in the United States, and International Exploration & Production, although the company has notably scaled back its activities outside of North America to focus more on U.S. shale assets. The company conducts its operations mainly under the Marathon Oil brand and concentrates on the United States as its central market, specifically targeting unconventional resource plays. Key areas of operation include the Eagle Ford Shale, Bakken Formation, STACK/SCOOP in Oklahoma, and the Permian Basin. After divesting its international assets, Marathon Oil has reinforced its presence and operations within U.S. borders to optimize its resource portfolio. (Powered by AI)