Marathon Oil Corporation (NYSE: MRO) is an independent global exploration and production company. Based in Houston, Texas, the Company operates in North America, Europe, and Africa. Each of the Company’s three re-portable operating segments is organized based upon both geographic location and the nature of the products and services it offers. The three segments are:
- North America Exploration and Production (E&P) – explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
- International E&P – explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol in Equatorial Guinea.
- Oil Sands Mining – mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.