Submitted by: Marathon Oil Corporation
Posted: Jul 09, 2009 – 11:01 AM EST
Jul. 09 /CSRwire/ - HOUSTON, July 9 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) today announced that it has released its "Living Our Values 2008 Corporate Social Responsibility Report." This report provides information on the Company's non-financial performance and its actions to promote sustainable social, environmental and economic benefits.
"Strong values have never been a more essential asset for a company. In the face of a challenging business environment in 2008, Marathon's commitment to health and safety, environmental stewardship, honesty and integrity, corporate citizenship and our high performance team culture did not waver," said Clarence P. Cazalot, Jr., Marathon president and CEO.
The 2008 report describes Marathon’s approach to addressing energy challenges as well as its Corporate Social Responsibility (CSR) strategy.
"Our CSR efforts range from developing comprehensive strategies to make local residents aware of the qualifications for Marathon job opportunities to installing best available technology in our exploration and production operations and refineries to reduce environmental impacts. In all cases, our goal is sustainability of the Company and the communities in which we live and work," Cazalot said.
The report's sections, which correspond to the Company's five core values, review the Company's programs and efforts to deliver sustainable solutions and make a positive impact on communities. External and internal stakeholder comments regarding Marathon's values, commitments and challenges are included throughout the report.
The report is based on the "Oil & Gas Industry Guidance on Voluntary Sustainability Reporting," published jointly by the International Petroleum Industry Environmental Conservation Association (IPIECA) and the American Petroleum Institute (API). The IPIECA/API Guidance provides a common framework for the petroleum industry to use in reporting non-financial performance. Marathon has included quantitative metrics and qualitative descriptions of policies, programs and practices to provide relevant and meaningful information about these non-financial elements of the Company's business.
An electronic copy of the Company's "Living Our Values 2008 Corporate Social Responsibility Report" is available on Marathon's Web site at www.marathon.com. To receive a hard copy of the report, please email your request to CSRReport@marathonoil.com.
Marathon is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation operations. Marathon has principal operations in the United States, Angola, Canada, Equatorial Guinea, Gabon, Indonesia, Libya, Norway and the United Kingdom. Marathon is the fourth largest United States-based integrated oil company and the nation's fifth largest refiner.
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