Description

Marathon Oil Corporation functions as an independent entity, dedicated to the exploration and production of energy resources across both domestic and international territories. Its core business involves the discovery, extraction, and commercialization of crude oil, condensate, natural gas liquids, and natural gas. Additionally, the company participates in the manufacturing and distribution of various products derived from natural gas, such as liquefied natural gas (LNG) and methanol. The company's operational footprint also includes substantial infrastructure. It owns and manages 32 central facilities for gathering and treating resources, along with the Sugarloaf gathering system—a 42-mile natural gas pipeline that extends through Karnes and Atascosa Counties. Founded in 1887, Marathon Oil Corporation has its headquarters situated in Houston, Texas. The organization adopted its current name in December 2001, having previously operated under the name USX Corporation.