Marathon Oil Corporation: Is Its Capital Efficiency Sustainable?

Marathon Oil’s Q4 and full year 2023 results and full year 2024 outlook have highlighted some of the successes and challenges faced by the company. The company’s Chairman, President, and CEO, Lee Tillman, emphasized on the company’s commitment to safety, environmental responsibility, and ongoing work to achieve zero routine flaring. The company has continued to prioritize providing safe working conditions and has achieved a record safety year in 2023. The company also made notable progress in reducing its natural gas flaring, improving its total company gas capture rate to 99.5% in 2023.