news releaseMRO Announces libya divestiture for $450 million
Marathon Oil announced it has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds the Company’s 16.33 percent non-operated interest in the Waha concessions in Libya, to a subsidiary of Total S.A. (Elf Aquitaine SAS) for cash consideration of $450 million. The divestiture represents a complete country exit for Marathon Oil.
Industry SpeechMarathon Oil's transformational journey
CEO Lee Tillman recently spoke about Marathon Oil's transformational journey as an independent E&P and the Company's 2017 entry into the Permian's Northern Delaware basin. He addressed the Hart Energy Executive Oil Conference in Midland, Texas on Nov. 7.
Living our values
Marathon Oil is a long-standing supporter of the Houston Food Bank, America's largest food bank. In December, we organized our second all-Houston employee volunteer day and packed 18 pallets of food bags for the backpack buddy program, equivalent to 16,200 meals, and sorted 5,740 pounds of donations, as well as doing food prep for 100 meals.
Make a Difference
We’re looking for bold, results-focused people with initiative to join our team. At Marathon Oil, you’ll be empowered to make a difference on the job, in your career and in your community. And you’ll have the latitude to go as far as your talent and drive will take you.
StrategyU.S. Resource Play Focused
Marathon Oil is an independent E&P company, based in Houston. Building on a rich history, with pride in our past achievements, our strategy is resolutely focused on U.S. unconventional resource plays. We're active in the Eagle Ford, Bakken, STACK/SCOOP and Permian.