The BusinessWeek 50 Ranking
32
Marathon Oil
ALTHOUGH IT ranks a distant No. 4 among U.S.-based oil majors, Marathon is winning respect in a global industry where size is supposed to matter. The onetime USX subsidiary had an impressive eight discoveries out of 11 wildcat wells last year. The Houston-based company also scored a big coup in 2005 when it was allowed back into Libya, one of the world’s most prolific areas, after being shut out for 19 years. CEO Cazalot, a former Texaco executive, also has ramped up downstream investments. He spent about $4 billion to buy out joint venture partner Ashland Inc.’s share in a refining, marketing, and transportation operation. And after completing a big expansion of Marathon’s Detroit refinery, he recently announced a $2.2 billion upgrade of a Louisiana facility. Downstream businesses kicked in more than half of Marathon’s operating income last year. Refining margins have already softened from last year’s hurricane-induced spikes but are expected to remain at historically high levels until major new U.S. capacity comes onstream in a few years.
Company Info |
|
| 2005 Rank | 54 |
| GET MORE COMPANY INFO | MRO |
| Market Value $ Million | 25,873.4 |
| Total Return $ Million | (1-yr.) 52.3
(3-yr.) 231.8 |
| 2005 Sales $ Billion | 58.6 |
| Sales Growth $ Million | (1-yr.) 30
(3-yr.) 28.7 |
| Long-Term Growth Est. % | 7.0 |
| Net income $ Million | 3,051.0 |
| Net Income Growth $ Million | (1-yr.) 143
(3-yr.) 75.1 |
| Net Margin %* | 5.2 |
| Return on Inv. Capital (%)* | 20.6 |
| Share Price 12-Mo. Hi/Lo | 78/43 |
| P/E Ratio | 8 |
| Industry | Energy |
| CORPORATE WEB SITE | |
