Address:
5555 San Felipe Road
Houston, TX 77056-2723
Phone: (888) 346-5024
Marathon Oil Corporation, headquartered in Houston, Texas, is an international oil and natural gas exploration and production company with four operating segments: exploration and production, oil sands mining, integrated gas, and refining, marketing and transportation. Marathon Oil’s primary operations are located in the United States, Angola, Canada, Equatorial Guinea, Indonesia, Libya, Norway, and the United Kingdom.
U.S. operations accounted for 26 percent of Marathon Oil’s 2009 worldwide liquid hydrocarbon sales volumes, with the Gulf of Mexico continuing to be a significant area. During 2009, the company held interests in seven producing fields and four platforms in the Gulf of Mexico and operated one platform.
Marathon has interests in more than 24 prospects in the Gulf of Mexico, with more than four years of drilling opportunities. In 2008, Marathon entered into a four-year contract for the Noble Jim Day deepwater rig to drill Gulf of Mexico prospects. The rig is expected to commence drilling operations in late 2010.
Marathon Oil Corporation’s current major United States upstream project is Droshky, a major Gulf of Mexico subsea oil development 160 miles off the Louisiana coast. Marathon owns a 100 percent working interest in Droshky, which is expected to produce approximately 50 thousand net barrels of oil equivalent per day at its peak.
Marathon Oil Corp. also sells gasoline through Speedway and SuperAmerica. These retail outlets are owned and operated by Marathon Oil subsidiary SSA, headquartered in Enon, Ohio. Of Marathon Oil’s 28,855 active employees as of December 31, 2009, 18,325 were employees of SSA, employed primarily at retail marketing outlets.
The principal market on which Marathon common stock is traded is the New York Stock Exchange under the symbol “MRO”. Marathon common stock is also traded on the Chicago Stock Exchange. The company earned $53 billion in revenue and $1.5 billion in net income in 2009.
Marathon faces direct competition from companies such as BP, Chevron Corporation, ConocoPhillips, Motiva Enterprises, and Sunoco.
Like other industry titans, Marathon Oil Corporation is skilled at protecting its assets and bottom line. Unfortunately, many companies protect their bottom line by using unfair litigation tactics to keep injured workers from suing or getting what they need to survive.
When workers are injured or suffer a wrongful death, companies like Marathon Oil will focus on limiting their liability—one way companies do that is by prolonging litigation. With billions in revenue, it’s not hard for Marathon-sized companies to bloat cases with investigations and filings and requests and delay tactics. All this forces workers to give up their case or go into debt while waiting for relief.
Our Marathon Oil accident lawyers have experience litigating against the largest oil companies in the world, which means we understand their strategies and how to counter them. Our clients have successfully rebuilt their lives thanks to the billions of dollars we’ve helped them secure.
If you were hurt or have a relative that suffered a wrongful death, do not let your employer push you around. Call our Marathon injury lawyers to settle disputes between you and the company.
Arnold & Itkin represented nearly a third of the crewmembers injured in the Deepwater Horizon explosion.
Because maritime law is so complex and so complicated, it is crucial that you work with an attorney who has an in-depth understanding of how it works and who has proven themselves in similar cases before.
