Marathon Oil Corporation, commonly referred to as Marathon Oil, is a prominent player in the energy sector, headquartered in the United States. Founded in 1887, the company has evolved significantly, focusing on exploration and production of oil and natural gas, primarily in the United States and internationally in regions such as the North Sea and Africa. Marathon Oil is renowned for its commitment to operational excellence and sustainability, offering a diverse portfolio of products and services that include upstream oil and gas exploration, production, and development. The company’s strategic focus on high-return assets and innovative technologies has solidified its position as a leader in the industry. With a strong emphasis on environmental stewardship, Marathon Oil continues to achieve notable milestones, reinforcing its reputation as a responsible energy provider.
How does Marathon Oil's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Oil Seeds industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Marathon Oil's score of 7 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Marathon Oil reported total carbon emissions of approximately 3,120,000,000 kg CO2e, comprising about 3,170,000,000 kg CO2e from Scope 1 and about 190,000,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, specifically from the use of sold products, amounting to approximately 42,050,000,000 kg CO2e. Over the years, Marathon Oil's emissions have fluctuated, with Scope 1 emissions peaking at about 6,470,000,000 kg CO2e in 2019. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a lack of formalised strategies for emissions reduction at this time. Marathon Oil's emissions data reflects its operational impact and highlights the need for ongoing assessment and potential future commitments to align with industry standards for climate action.
Access structured emissions data, company-specific emission factors, and source documents
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|
Scope 1 | 3,070,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Scope 2 | 190,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Scope 3 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Marathon Oil is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.