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 28 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 31,700,000,000 kg CO2e for Scope 1, 190,000,000 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 31,900,000,000 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 and 2) by 2025, and a 50% reduction in GHG intensity (Scope 1 and 2) by the same year. Furthermore, Marathon Oil is targeting a substantial 75% absolute reduction in GHG emissions by 2030, relative to a 2019 baseline. Additionally, they aim for an 80% reduction in methane intensity by 2030. Marathon Oil's commitment to reducing carbon intensity is evident in their energy efficiency strategies, which have been designed to halve the carbon intensity of their operations by 2020 compared to a 2009 baseline. These initiatives underscore the company's proactive approach to addressing climate change and reducing its environmental impact.
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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.
