Marathon Oil Corporation (NYSE:MRO) Q4 2020 Results Conference Call February 23, 2021 10:00 AM ET Company Participants Guy Baber - Vice President, Investor Relations Lee Tillman - Chairman, President and CEO Dane Whitehead - Executive VP and CFO Pat Wagner - Executive VP of Corporate Development and Strategy Mike Henderson - Senior VP of Operations. Conference Call Participants Jeanine Wai - Barclays Arun Jayaram - JPMorgan Neal Dingmann - Truist Securities Scott Hanold - RBC Capital Markets Phillips Johns ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 1-1513 Marathon Oil Corporation (Exact name of registrant as specified in its charter) Delaware 25-0996816 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $1.00 MRO New York Stock Exchange (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Comm ...

Marathon Oil Corporation (NYSE:MRO) Q3 2020 Earnings Conference Call November 5, 2020 9:00 AM ET Company Participants Guy Baber - Vice President, Investor Relations Lee Tillman - Chairman, President & Chief Executive Officer Dane Whitehead - Executive Vice President & Chief Financial Officer Mitch Little - Executive Vice President & Adviser, Chief Executive Officer Mike Henderson - Senior Vice President, Operations Conference Call Participants Arun Jayaram - JPMorgan Jeanine Wai - Barclays Neal Dingmann - T ...

Financial Performance & Strategy - The company is committed to a framework that prioritizes corporate returns, sustainable free cash flow (FCF), and return of capital to shareholders[5] - At a WTI price of $45/bbl or higher, the company targets a reinvestment rate of 70% or less, allocating over 30% of CFO to investor-friendly purposes[7] - At a WTI price between $40/bbl and $45/bbl, the reinvestment rate is projected to be 70% to 80%, with over 20% of CFO allocated to investor-friendly purposes[7] - The company generated $180 million of FCF in 3Q20 and reduced gross debt by $100 million[27, 29] - The company is targeting a net debt to EBITDAX ratio of 10x to 15x[9] Operational Efficiency & Production - The company's capital efficiency in the Bakken and Eagle Ford basins exceeds top quartile industry results[10] - Completed well costs (CWC) per lateral foot in Eagle Ford were down by more than 18% in 3Q20 compared to the 2019 average, averaging ~$675 per lateral foot[36] - In the Bakken, 3Q20 average CWC was ~$445 per lateral foot, down more than 12% from the 2019 average[38] - The company expects approximately 15 wells to sales in 4Q20 in Eagle Ford and approximately 20 wells to sales in 4Q20 in Bakken[36, 38] Guidance - The company's 2020 capital expenditure guidance remains unchanged at $12 billion[24, 58] - Full-year 2020 oil-equivalent production guidance for the United States is raised by 5 MBOED at the midpoint[27, 53]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 1-1513 Marathon Oil Corporation (Exact name of registrant as specified in its charter) Delaware 25-0996816 (State or othe ...

Marathon Oil Corporation (NYSE:MRO) Q2 2020 Earnings Conference Call August 6, 2020 9:00 AM ET Company Participants Guy Baber - Vice President, Investor Relations Lee Tillman - Chairman, President and Chief Executive Officer Dane Whitehead - Executive Vice President and Chief Financial Officer Mitch Little - Executive Vice President Adviser to CEO Pat Wagner - Executive Vice President, Corporate Development and Strategy Conference Call Participants Arun Jayaram - JPMorgan Chase Jeanine Wai - Barclays Neal D ...