Marathon Oil
Marathon Oil Corporation (NYSE: MRO) operates as an independent exploration and production (E&P) company, headquartered in Houston, Texas, focusing on oil and natural gas.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $22.5b Valuation: $22.5b 3.3x EV/Revenue 5.1x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| CAD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (14 %) | (39 %) | 81 % | 35 % | (15 %) | 6 % | 4 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 11 % | (32 %) | 37 % | 48 % | 69 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 9 % | (47 %) | 17 % | 48 % | 24 % | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Marathon Oil's journey began in 1887 when it was founded as "The Ohio Oil Company" by Henry M. Ernst and several partners. The company was initially focused on oil production in the burgeoning oil fields of Ohio. Over the years, it expanded its operations and became a significant player in the American oil industry.
In 1930, the company underwent a major transformation when it acquired the Transcontinental Oil Company, which led to the adoption of the "Marathon" brand name. This acquisition marked a significant milestone, allowing the company to expand its reach and diversify its operations.
Marathon Oil continued to grow and, in 1962, it became a publicly traded company, marking its entry into the stock market. This move provided the company with the capital needed to further expand its operations and invest in new technologies.
In the late 20th century, Marathon Oil faced challenges due to fluctuating oil prices and increased competition. However, it adapted by focusing on strategic acquisitions and divestitures, which helped streamline its operations and improve profitability.
Today, Marathon Oil is a leading independent exploration and production company, with operations in North America and internationally. Its journey from a small Ohio-based company to a global oil industry leader is a testament to its resilience and adaptability in a constantly changing market.