Marathon Oil

Marathon Oil's reported carbon emissions

Marathon Oil, headquartered in the US and operating in the oil seeds industry, has reported a total of approximately 47.1 billion kg CO2e in emissions for 2022. This figure encompasses Scope 1, 2, and 3 emissions. For the preceding year, 2021, total emissions were approximately 46.5 billion kg CO2e. The company's emissions data is reported as cascaded from Marathon Oil Corporation, its ultimate parent company. Marathon Oil has established several climate commitments and reduction targets. In the near term, the company aimed to reduce its Scope 1 and 2 methane intensity by 60% by 2025, using 2019 as a baseline. Additionally, there was a long-term goal for an 80% reduction in Scope 1 and 2 methane intensity by 2030, also from a 2019 baseline. Looking at absolute emissions, a long-term goal aimed for a 75% reduction by 2030, relative to the 2019 baseline. Historically, Marathon Oil had a goal to cut the carbon intensity of its operations in half by 2020, compared to a 2009 baseline, targeting both Scope 1 and Scope 2 emissions. The company's most recent reported Scope 1 emissions were approximately 3.17 billion kg CO2e in 2022, a decrease from approximately 3.53 billion kg CO2e in 2021. Scope 2 emissions in 2022 were approximately 190 million kg CO2e, a slight increase from approximately 180 million kg CO2e in 2021. Scope 3 emissions, specifically from the use of sold products, were approximately 42.05 billion kg CO2e in 2022. While Marathon Oil reports on its Scope 1 and 2 emissions, specific details regarding Scope 3 emissions beyond the "use of sold products" category, such as purchased goods and services, were noted as missing data points in their reporting for 2022 and previous years.