Marathon Oil Corporation (MRO) 2020年年度报告「NYSE」.pdf

1、Dear fellow shareholders,While 2020 was a challenging year for our industry,we are proud of our many accomplishments,especially our record setting safety performance as we successfully managed through the ongoing COVID-19 pandemic as critical essential infrastructure providers.During 2020,Marathon O

2、il took aggressive and decisive action in response to a challenging commodity price and business environment.As a result,we successfully reduced our cash costs by more than 20%compared to 2019,protected our investment grade balance sheet,meaningfully improved our GHG emissions intensity,and ultimate

3、ly generated sufficient free cash flow to fully fund$150 million of dividends and share repurchases and$100 million of gross debt reduction.We believe continuously improving all elements of our environmental,social,and governance(ESG)performance is essential to successfully executing our long-term s

4、trategy of maximizing shareholder value,including the delivery of strong financial returns and sustainable free cash flow while maintaining a solid balance sheet and returning capital to shareholders.Marathon Oil views safety as a core value and a key component of our ESG performance.During 2020,we

5、successfully managed through the ongoing COVID-19 pandemic with record setting safety performance,as measured by a total recordable incident rate(TRIR).This was Marathon Oils second consecutive year of record TRIR performance.Peer leading safety performance will remain a component of our executive c

6、ompensation scorecard.During 2020,Marathon Oil made significant progress in improving environmental performance,achieving a greater than 20%reduction in GHG emissions intensity relative to 2019 and improving total gas capture to approximately 98.5%for fourth quarter 2020.For 2021,we established a qu