Marathon Oil Corporation (MRO) 2019年年度报告「NYSE」.pdf

1、Dear fellow shareholders,2019 was another year of differentiated execution for Marathon Oil as we comprehensively delivered on our framework for success for the second year in a row.Weve delivered positive organic free cash flow for eight consecutive quarters,and achieved capital efficiency gains ac

2、ross our portfolio through meaningful reductions in both completed well cost and unit production expenses.We also enhanced our resource base through success across all elements of our comprehensive resource capture framework,adding over three years of inventory through organic enhancement,Resource P

3、lay Exploration,and bolt-on acquisitions and trades.In 2019,we generated$410 million of organic free cash flow post-dividend,and returned that cash back to you,our shareholders.The return of capital to shareholders through the combination of our dividend and share repurchases was entirely funded by

4、free cash flow.Since 2018,we have returned over 20%of our cash from operations to our shareholders and in doing so have reduced our shares outstanding by 7%.We know that our stakeholders are particularly attuned to environmental,social and governance issues,often referred to as“ESG.”Because of this,

5、weve prioritized and improved how we communicate our sustainability work through our annual sustainability report which showcases our efforts to achieve safe,responsible and ethical operations.Last year,we made a commitment to work safer and we succeeded.2019 marked the best safety performance in MR

6、O history with a peer leading total recordable incident rate(TRIR)of 0.32.As we turn to 2020 and beyond,Marathon Oil remains committed to this same framework for success.In response to commodity price volatility from simultaneous supply and demand shocks,were taking swift and decisive action to defe