Marathon Oil - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Marathon Oil M&A Summary

Marathon Oil has acquired 12 companies, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

Marathon Oil’s largest acquisition to date was in 2007, when it acquired Marathon Oil Canada for $6.2B. It’s largest disclosed sale occurred in 2019, when it sold Marathon Oil - U.K. Business to RockRose Energy for $140M. Marathon Oil has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

Marathon Oil Business Overview

Where is Marathon Oil headquartered?

Marathon Oil is headquartered in Houston, Texas.

What is Marathon Oil’s revenue?

Marathon Oil disclosed revenue of 7,540M USD for 2022 and 5,601M USD for 2021.

How many employees does Marathon Oil have?

Marathon Oil has 1,570 employees.

What sector is Marathon Oil in?

Marathon Oil is an oil/gas exploration company.

When was Marathon Oil founded?

Marathon Oil was founded in 1886.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity11
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7
  • M&A Advisors 4

Marathon Oil

Marathon Oil Corp.

990 Town and Country Boulevard,
Houston, Texas 77024
United States,
(713) 629-6600
www.marathonoil.com

Marathon Oil is an international exploration and production company. Marathon has net proved reserves of more then 2 billion barrels of oil equivalent across North America, Europe and Africa. Marathon Oil was formed in 1887 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 10 - - 1 - - 11
vol $10.9B $3.0B $13.9B
Sell (0.0/yr) # 4 - - - - - 4
vol $240M $240M
  15

Most Recent M&A

Company Date Value Type
Ensign Natural Resources LLC 2022-11-02 3.0B USD Add-on Acquisition
Houston, Texas · www.ensignnr.com
Marathon Oil Corp. - U.K. Business 2019-02-25 140M USD Divestiture
Aberdeen, United Kingdom
PayRock Energy LLC 2016-06-20 888M USD Add-on Acquisition
Oklahoma City, Oklahoma · www.payrockenergy.com
Marathon Oil - Williston Basin Properties 2014-05-01 100M USD Divestiture
, United States
Paloma Partners II LLC 2012-05-09 750M USD Divestiture
Houston, Texas
Marathon Petroleum Corp. 2011-07-01 - Spin Off
Findlay, Ohio · www.marathonpetroleum.com
Marathon Oil Canada Corp. 2007-07-31 6.2B USD Add-on Acquisition
Calgary, Canada · www.westernoilsands.com
Marathon Ashland Petroleum LLC 2004-06-30 - Stake Purchase
Finland, Ohio
Khanty Mansiysk Oil Corp. 2004-05-13 280M USD Add-on Acquisition
New York, New York
Globex Energy, Inc. 2002-07-08 155M USD Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 11 (100%) 13.9B (100%) 2 (50%) 240M (100%)
Energy Services and Equipment - - 2 (50%) -
Total 11 $13.9B 4 $240M

By Geo

State/Country Buy Value Sell Value
United States 8 5.6B 3 100M
  Texas 3 3.9B - -
  Ohio 2 - 1 -
  Oklahoma 1 888M - -
  New York 1 280M - -
  Colorado 1 500M - -
  Pennsylvania - - 1 -
Canada 2 7.3B - -
  Alberta 1 1.1B - -
Equatorial Guinea 1 993M - -
United Kingdom - - 1 140M
Domestic 8 (73%) 5.6B (40%) 3 (75%) 100M (42%)
Cross-border 3 (27%) 8.3B (60%) 1 (25%) 140M (58%)
Total 11 $13.9B 4 $240M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Deutsche Bank Corporate & Investment Banking
1
Legal Deals
Bennett Jones LLP
1
Baker Botts LLP
1

Deal Values

buy # Total
> $1B 3 $10.3B
$100M to $1B 6 $3.6B
TOTAL $13.9B
Largest Marathon Oil Canada Corp.
$6.2B (2007-07-31)
sell # Total
$100M to $1B 1 $140M
< $100M 1 $100M
TOTAL $240M
Largest Marathon Oil Corp. - U.K. Business
$140M (2019-02-25)

M&A Connections

Deals
Acquired from
Investor(s)
27%
3 (27%)
Strategic(s)
9%
1 (9%)
Divested to
Strategic(s)
75%
3 (75%)

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