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Marathon Oil (NYSE:MRO) Publishes 2011 Corporate Social Responsibility (CSR) Report
Marathon Oil (NYSE:MRO) Publishes 2011 Corporate Social Responsibility (CSR) Report
Published 07-09-12
Issued by Marathon Oil Corporation
Summary
The report provides information on the Company's non-financial performance and its actions to promote sustainable social, environmental and economic benefits
Report Highlights
Marathon Oil Publishes 2011 Corporate Social Responsibility (CSR) Report
Marathon Oil Corporation (NYSE: MRO) has published its “Living Our Values 2011 Corporate Social Responsibility (CSR) Report,” which provides information on the Company’s non-financial performance and its actions to promote sustainable social, environmental and economic benefits.
This is Marathon Oil’s first report as an independent international energy company, following the successful 2011 spin-off of its refining, marketing and transportation business. The new report continues to track the Company’s CSR progress across 16 goals in the areas of governance, society, environment and the workplace.
“While Marathon Oil continues to evolve and adapt to the ever-changing economic, geopolitical and competitive landscape, we maintain our focus on our long-standing commitment to Living Our Values – incorporating core principles related to health and safety, environmental stewardship, honesty and integrity, corporate citizenship and a high performance team culture into all aspects of our business,” said Clarence P. Cazalot Jr., Marathon Oil’s chairman, president and CEO.
The report contains a “2011 Performance Report Card” for the Company’s CSR targets and provides examples of specific policies, programs and practices designed to achieve these goals. Marathon Oil’s 2011 CSR milestones included exceeding its goals for reducing greenhouse gas emissions and improving energy efficiency. The Company also improved its safety performance in 2011 from the prior year.
Marathon values stakeholder opinion and is interested in feedback. To comment on the report or order a hard copy, please email CSRReport@marathonoil.com.
Marathon Oil Corporation is an independent international energy company. Based in Houston, Texas, Marathon Oil had net proved reserves at the end of 2011 of 1.8 billion barrels of oil equivalent in North America, Europe and Africa. The “Living Our Values 2011 Corporate Social Responsibility Report” and other information about Marathon Oil are available on the Company’s website at http://www.marathonoil.com.
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Marathon Oil Corporation
Marathon Oil Corporation
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, Ireland, Libya, Norway and the United Kingdom. Marathon is the fourth largest United States-based integrated oil company and the nation's fifth largest refiner. Living Our Values guides the Company's approach to managing its business--what it believes in, how it behaves, what it invests in, and the projects and issues it influences and promotes. Marathon's actions, decision and operations must be consistent with the letter and spirit of its commitment to health and safety, environmental stewardship, honesty and integrity corporate citizenship, and a high performance team culture.