Marathon Oil
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 20 is higher than 98% 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 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, primarily 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 made strides in reducing its emissions intensity, achieving a Scope 1 and 2 GHG intensity of approximately 16,300 kg CO2e per million barrels of oil equivalent (mboe) in 2022, down from about 22,060 kg CO2e per mboe in 2017. Despite these reductions, Marathon Oil has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction targets suggests a need for further commitment to climate action within the industry context.
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| 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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 participating in any of the initiatives that 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.
