Marathon Oil Sustainability Profile
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Marathon Oil's score of 23 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Marathon Oil's reported carbon emissions
In 2022, Marathon Oil Corporation reported total carbon emissions of approximately 31,700,000 kg CO2e for Scope 1, 190,000 kg CO2e for Scope 2, and a significant 42,050,000,000 kg CO2e for Scope 3 emissions, primarily from the use of sold products. This reflects a total of about 31,900,000 kg CO2e for Scope 1 and 2 combined. The company has set ambitious reduction targets, aiming for a 60% reduction in methane intensity (Scope 1 & 2) by 2025 and a 50% reduction in GHG intensity (Scope 1 & 2) by the same year, both relative to a 2019 baseline. Furthermore, Marathon Oil is targeting an absolute GHG emissions reduction of approximately 75% by 2030, also based on 2019 levels. Marathon Oil's emissions data is cascaded from its parent company, Marathon Oil Corporation, which provides a comprehensive overview of its climate commitments and performance. The company is committed to enhancing energy efficiency and reducing carbon intensity across its operations, with a long-term goal of achieving an 80% reduction in methane intensity by 2030. Overall, Marathon Oil is actively working towards significant emissions reductions while addressing the challenges of climate change within the oil and gas industry.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000,000 | 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 | - | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,060,000,000 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Marathon Oil's Industry?
How Carbon Intensive is Marathon Oil's Location?
Marathon Oil's Scope 3 Categories Breakdown
Marathon Oil's Scope 3 emissions, which decreased by 1% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Marathon Oil's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Marathon Oil has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
