Marathon Oil Corp

Common Name
Marathon Oil
Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
1,681
Ticker
MRO
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the ...

Marathon Oil's GHG Emissions Data Preview

In 2022, Marathon Oil completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Marathon Oil has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Marathon Oil's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Marathon Oil amounted to 3,360,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Marathon Oil decreased by 9.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Marathon Oil's Scope 1 Emissions Over Time

2018201920202021202202 M4 M6 M8 MtCO2e+24%-34%-17%-10%
  • Total Scope 1
  • Year-over-Year Change

What are Marathon Oil's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Marathon Oil were 3,170,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Marathon Oil reduced its Scope 1 emissions over time?

Since 2018, Marathon Oil's Scope 1 emissions have decreased by 39.04%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2021), Marathon Oil's Scope 1 emissions decreased by 10.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Marathon Oil's Scope 2 emissions?

In 2022, Marathon Oil reported Scope 2 greenhouse gas (GHG) emissions of 190,000 tCOâ‚‚e using the market-based method.

Has Marathon Oil reduced its Scope 2 emissions over time?

Since 2018, Marathon Oil's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have increased by 18.75%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2021), Marathon Oil's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Marathon Oil 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Marathon Oil use for Scope 2 reporting?

In 2022, Marathon Oil reported its Scope 2 emissions using the market-based method.

Marathon Oil's Scope 2 Emissions Over Time

20182019202020212022050 k100 k150 k200 ktCO2e
  • Total Scope 2 Market-Based

Insights into Marathon Oil's Value Chain Emissions

In 2022, Marathon Oil reported 42,050,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2022 disclosure of Marathon Oil includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Marathon Oil's Scope 3 Emissions Over Time

20212022015 M30 M45 M60 MtCO2e-1%
  • Total Scope 3
  • Year-over-Year Change

What are Marathon Oil's Scope 3 emissions?

In 2022, Marathon Oil reported total Scope 3 emissions of 42,050,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2021), Marathon Oil's Scope 3 emissions remained relatively stable, indicating that Marathon Oil 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Marathon Oil disclose?

In 2022, Marathon Oil reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Marathon Oil's Scope 3 emissions?

In 2022, the largest contributors to Marathon Oil's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 42,050,000 tCOâ‚‚e (100%)

Marathon Oil's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(100.0%)

Insights into Marathon Oil's Total Carbon Footprint

In 2022, Marathon Oil reported a total carbon footprint of 45,410,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.89% decrease compared to 2021, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Marathon Oil's total carbon footprint was Scope 3 emissions, accounting for 92.6% of the company's total carbon footprint, followed by Scope 1 emissions at 6.98%.

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