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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

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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
More in S&P 500 Companies Scoreboard >
*Trailing 12 months
Company data as of 2/28/06 provided by Standard & Poor's Compustat

Clarence P. Cazalot Jr.

Clarence P. Cazalot Jr., 55

CEO since 2000


PHOTO BY rocky kneten


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