Marathon Oil became an independent E&P company on July 1, 2011. Based in Houston, we're focused on the most significant oil-rich resource plays in the U.S.-- the Eagle Ford in Texas, Permian in New Mexico, STACK and SCOOP in Oklahoma, and the Bakken in North Dakota. We also have international operations in Equatorial Guinea. While we feel like a start-up in many ways, our roots go back 130 years to our company's formation in 1887. Our stock trades on the New York Stock Exchange under the ticker symbol: MRO.
Our strategy is focused on the lower cost, higher margin U.S. resource plays that are liquids rich. Our playbook is simple: a strengthened balance sheet, relentless focus on costs, simplifying and concentrating our portfolio, and profitable growth within cash flows.
Marathon Oil traces our history back to 1887. From the beginning, we focused on oil production, starting as The Ohio Oil Company, based in northwestern Ohio, which was the leading center for crude oil production in the U.S. at that time. Because of our early success, John D. Rockefeller’s Standard Oil Trust purchased The Ohio in 1889, and we remained part of Standard Oil until it was broken up in 1911. We entered the refining business in 1924, and operated as an integrated oil company for nearly 90 years of our history.
In 1930, we purchased the Transcontinental Oil Company, acquiring the Marathon product name, the Pheidippides Greek runner trademark, and the "Best in the long run" slogan. That same year we began trading on the New York Stock Exchange. More than three decades later, in 1962, we adopted Marathon Oil Company as our corporate name. From 1982 until 2002, we were part of US Steel. In 1990, we moved our headquarters from Ohio to Houston, where we have remained. When we pulled apart from US Steel, we once again became a standalone company in 2002. In 2011, we spun off the refining business and became an independent E&P company.
Sociedad Nacional de Gas de Guinea Equatorial (SONAGAS G.E. S.A.) is the National Gas Company of Equatorial Guinea created by Presidential Decree number 45/2005 on January 24th, 2005.
It is the State’s representative in all activities related to the development of natural gas resources.
SONAGAS G.E. S.A. is responsible for the diversification of gas as an energy base and for the revenues derived from gas utilization. It promotes opportunities for the development of gas projects throughout the country, but it is also allowed to participate in projects outside of Equatorial Guinea.
Objectives of SONAGAS, G.E.
- Design, create and operate, as well as continuously evaluate any general processing, marketing and exploitation programs in the subsoil of the republic of Equatorial Guinea.
- Serve as an agent of the Government in order to revert to the State any benefits obtained from gas processing and marketing.
- Undertake, either individually or in partnership with other entities within or outside the national territory, any relevant activities by nature and especially and gas processing, marketing, bottling and refining activities.
Marubeni GLOBAL OPERATIONS
Marubeni Corporation is one of Japan's largest general trading and investment companies with over 130 bases of operations in 67 countries worldwide. Marubeni employs a multinational workforce of approximately 40,000 people. Marubeni has long been engaged in business together with customers and partners all over the world in virtually every industry, through the business groups: Energy & Metals, Food & Consumer Products, Chemical & Forest Products, Power Projects & Plant and Transportation & Industrial Machinery.
- Marubeni in the LNG Industry) – In addition to Equatorial Guinea LNG Project, Marubeni participates in 3 LNG Projects: Qatar, Peru and Papua New Guinea. LNG production capacity of the above 4 projects is about 25 million tons per year.
- Marubeni's Corporate Values –
Marubeni is committed to satisfying its customers’ needs by dealing with various kinds of products. In the energy field, Marubeni is developing and expanding trading & marketing for petroleum products including LNG and investment on their upstream & midstream business. In addition, for considering environmental impact and contributing to the global sustainable development, Marubeni is engaged in renewable energy business; it operates several mega-solar power plants in Japan and overseas.