UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

Marathon Oil Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware1-515325-0996816
_____________________________________________
 (State or other jurisdiction
__________________________________
 (Commission File
__________________________________
 (I.R.S. Employer
of incorporation or organization)Number)Identification No.)
    
990 Town and Country Boulevard,Houston,Texas77024-2217
____________________________________________________________
 (Address of principal executive offices)
 
___________________________________________
 (Zip Code)
 
Kimberly O. Warnica
Executive Vice President, General Counsel and Secretary
(713) 296-4199
(Name and telephone number, including area code, of the person to contact in connection with this report)


Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
 
o Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ______.
 
þ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.



Section 2 - Disclosure of Payments by Resource Extraction Issuers
Item 2.01. Resource Extraction Issuer Disclosure Report
The payment disclosure required by this form is included as Exhibit 2.01 to this Form SD.

Section 3 - Exhibits
Item 3.01 Exhibits


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
Marathon Oil Corporation
      
By: /s/ Zach B. DaileySeptember 19, 2024
 
  Name: Zach B. Dailey
  Title: Vice President, Controller and Chief Accounting Officer

Exhibit 2.01
Resource Extraction Payment Report
Marathon Oil Corporation
For the Period January 1, 2023 to December 31, 2023
Government-Level Disclosure
Currency: United States Dollar

(In Millions)
CountryDepartment / Agency
Taxes (a)
RoyaltiesFees
Production
entitlements (b)
Bonuses (c)
DividendsPayments for infrastructure improvements
CSR payments required by law or contract (d)
Total
United StatesOffice of Natural Resources Revenue— 79.6 0.2 — — — — — 79.8 
US Treasury0.8 — — — — — — — 0.8 
Total United States0.8 79.6 0.2 — — — — — 80.6 
Equatorial Guinea (e)
EG Ministry of Mines & Hydrocarbons— — — — — — — 1.1 1.1 
GEPetrol (f)
— — — 47.9 — — — — 47.9 
EG Federal Government— — — — — — — 3.6 3.6 
Tesoreria y Patrimonio del Estado92.4 3.9 — — 0.3 — — — 96.6 
Total Equatorial Guinea92.4 3.9 — 47.9 0.3 — — 4.7 149.2 
Total93.2 83.5 0.2 47.9 0.3 — — 4.7 229.8 
(a)Taxes paid in Equatorial Guinea (EG) consist of corporate income taxes on our investments in the country. A portion of our EG tax payments are made in Central African CFA Francs (XAF) and converted into USD at the exchange rate existing at the time the payment is made.
(b)Production entitlements attributable to the EG Government are reported as in-kind payments of salable hydrocarbons where we are the operator. Under certain of our contracts, production is shared between the parties, including State entities. Each party may decide to take custody and sell their entitled production on their own account. Production entitlement volumes are reported when the EG Government takes possession of their share from our operated areas. The value of these payments is calculated on a monthly basis, at fair market value, multiplied by the volumes conveyed to the EG Government during the month.
(c)Bonus payments are made to the EG Government when certain contract milestones are achieved. These payments were made in XAF and converted into USD at the exchange rate existing at the time the payment is made.
(d)Community and social responsibility (“CSR”) payments are made in-kind and reported at actual cost. The CSR payments primarily consist of spending on projects directed towards improving public health and quality of life in EG. The largest such project is an award-winning, public-private partnership focused on malaria prevention and treatment.
(e)As disclosed in our 2023 Annual Report on Form 10-K, we have investments in EG in three equity method investees: EG LNG, Alba Plant LLC and AMPCO. In accordance with Rule 13q-1 under the Securities Exchange Act, payments made to the government of Equatorial Guinea (EG) by these equity method investments are not included in this report.
(f)GEPetrol, or Compañía Nacional de Petróleos de Guinea Ecuatorial, is the national oil company of Equatorial Guinea.


Marathon Oil Corporation
For the Period January 1, 2023 to December 31, 2023
Project-Level Disclosure
Currency: United States Dollar
Oil and Natural Gas Extracted Using a Well
(In Millions)
Country
Segment (a)
Major subnational political jurisdiction (State or Province)Project Name
Taxes (b)
RoyaltiesFees
Production
entitlements (c)
Bonuses (d)
DividendsPayments for infrastructure improvements
CSR payments required by law or contract (e)
Total
United StatesU.S.North DakotaNorth Dakota - Onshore— 19.7 0.2 — — — — — 19.9 
New MexicoNew Mexico - Onshore— 59.9 — — — — — — 59.9 
United States
Entity Level (f)
0.8 — — — — — — — 0.8 
Total United States0.8 79.6 0.2 — — — — — 80.6 
Equatorial Guinea (g)
Int’lBioko NorteGulf of Guinea - Offshore92.4 3.9 — 47.9 0.3 — — 4.7 149.2 
Total Equatorial Guinea92.4 3.9 — 47.9 0.3 — — 4.7 149.2 
Total93.2 83.5 0.2 47.9 0.3 — — 4.7 229.8 
(a)Segment reported herein is consistent with the reportable segments used for financial reporting purposes in our 2023 Annual Report on Form 10-K.
(b)Taxes paid in Equatorial Guinea (EG) consist of corporate income taxes on our investments in the country. A portion of our EG tax payments are made in Central African CFA Francs (XAF) and converted into USD at the exchange rate existing at the time the payment is made.
(c)Production entitlements attributable to the EG Government are reported as in-kind payments of salable hydrocarbons where we are the operator. Under certain of our contracts, production is shared between the parties, including State entities. Each party may decide to take custody and sell their entitled production on their own account. Production entitlement volumes are reported when the EG Government takes possession of their share from our operated areas. The value of these payments is calculated on a monthly basis, at fair market value, multiplied by the volumes conveyed to the EG Government during the month.
(d)Bonus payments are made to the EG Government when certain contract milestones are achieved. These payments were made in XAF and converted into USD at the exchange rate existing at the time the payment is made.
(e)Community and social responsibility (“CSR”) payments are made in-kind and reported at actual cost. The CSR payments primarily consist of spending on projects directed towards improving public health and quality of life in EG. The largest such project is an award-winning, public-private partnership focused on malaria prevention and treatment.
(f)Payments made to the US Federal Government to satisfy corporate income tax requirements are levied at the entity level and not assigned to a particular project.
(g)As disclosed in our 2023 Annual Report on Form 10-K, we have investments in EG in three equity method investees: EG LNG, Alba Plant LLC and AMPCO. In accordance with Rule 13q-1 under the Securities Exchange Act, payments made to the government of Equatorial Guinea (EG) by these equity method investments are not included in this report.

v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0000101778
Registrant Name Marathon Oil Corporation
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.3
Payments, by Category - USD ($)
$ in Millions
Taxes
Royalties
Fees
Prod. Entitlements
Bonuses
Comm. Social Resp.
Total Payments
Total $ 93.2 [1] $ 83.5 $ 0.2 $ 47.9 [2] $ 0.3 [3] $ 4.7 [4] $ 229.8
[1]
Taxes paid in Equatorial Guinea (EG) consist of corporate income taxes on our investments in the country. A portion of our EG tax payments are made in Central African CFA Francs (XAF) and converted into USD at the exchange rate existing at the time the payment is made.
[2]
Production entitlements attributable to the EG Government are reported as in-kind payments of salable hydrocarbons where we are the operator. Under certain of our contracts, production is shared between the parties, including State entities. Each party may decide to take custody and sell their entitled production on their own account. Production entitlement volumes are reported when the EG Government takes possession of their share from our operated areas. The value of these payments is calculated on a monthly basis, at fair market value, multiplied by the volumes conveyed to the EG Government during the month.
[3]
Bonus payments are made to the EG Government when certain contract milestones are achieved. These payments were made in XAF and converted into USD at the exchange rate existing at the time the payment is made.
[4]
Community and social responsibility (“CSR”) payments are made in-kind and reported at actual cost. The CSR payments primarily consist of spending on projects directed towards improving public health and quality of life in EG. The largest such project is an award-winning, public-private partnership focused on malaria prevention and treatment.
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Millions
Taxes
 [1]
Royalties
Fees
Prod. Entitlements
 [2]
Bonuses
 [3]
Comm. Social Resp.
 [4]
Total Payments
Total $ 93.2 $ 83.5 $ 0.2 $ 47.9 $ 0.3 $ 4.7 $ 229.8
North Dakota - Onshore [Member]              
Total   19.7 $ 0.2       19.9
New Mexico - Onshore [Member]              
Total   59.9         59.9
Entity Level [Member]              
Total [5] 0.8           0.8
Gulf of Guinea - Offshore [Member]              
Total [6] $ 92.4 $ 3.9   $ 47.9 $ 0.3 $ 4.7 $ 149.2
[1]
Taxes paid in Equatorial Guinea (EG) consist of corporate income taxes on our investments in the country. A portion of our EG tax payments are made in Central African CFA Francs (XAF) and converted into USD at the exchange rate existing at the time the payment is made.
[2]
Production entitlements attributable to the EG Government are reported as in-kind payments of salable hydrocarbons where we are the operator. Under certain of our contracts, production is shared between the parties, including State entities. Each party may decide to take custody and sell their entitled production on their own account. Production entitlement volumes are reported when the EG Government takes possession of their share from our operated areas. The value of these payments is calculated on a monthly basis, at fair market value, multiplied by the volumes conveyed to the EG Government during the month.
[3]
Bonus payments are made to the EG Government when certain contract milestones are achieved. These payments were made in XAF and converted into USD at the exchange rate existing at the time the payment is made.
[4]
Community and social responsibility (“CSR”) payments are made in-kind and reported at actual cost. The CSR payments primarily consist of spending on projects directed towards improving public health and quality of life in EG. The largest such project is an award-winning, public-private partnership focused on malaria prevention and treatment.
[5]
Payments made to the US Federal Government to satisfy corporate income tax requirements are levied at the entity level and not assigned to a particular project.
[6]
As disclosed in our 2023 Annual Report on Form 10-K, we have investments in EG in three equity method investees: EG LNG, Alba Plant LLC and AMPCO. In accordance with Rule 13q-1 under the Securities Exchange Act, payments made to the government of Equatorial Guinea (EG) by these equity method investments are not included in this report.
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Millions
Taxes
 [1]
Royalties
Fees
Prod. Entitlements
 [2]
Bonuses
 [3]
Comm. Social Resp.
 [4]
Total Payments
Total $ 93.2 $ 83.5 $ 0.2 $ 47.9 $ 0.3 $ 4.7 $ 229.8
UNITED STATES              
Total 0.8 79.6 0.2       80.6
UNITED STATES | Office of Natural Resources Revenue [Member]              
Total   79.6 $ 0.2       79.8
UNITED STATES | US Treasury [Member]              
Total 0.8           0.8
EQUATORIAL GUINEA              
Total 92.4 3.9   47.9 0.3 4.7 149.2
EQUATORIAL GUINEA | EG Ministry of Mines & Hydrocarbons [Member]              
Total [5]           1.1 1.1
EQUATORIAL GUINEA | GEPetrol [Member]              
Total [5],[6]       $ 47.9     47.9
EQUATORIAL GUINEA | EG Federal Government [Member]              
Total [5]           $ 3.6 3.6
EQUATORIAL GUINEA | Tesoreria y Patrimonio del Estado [Member]              
Total [5] $ 92.4 $ 3.9     $ 0.3   $ 96.6
[1]
Taxes paid in Equatorial Guinea (EG) consist of corporate income taxes on our investments in the country. A portion of our EG tax payments are made in Central African CFA Francs (XAF) and converted into USD at the exchange rate existing at the time the payment is made.
[2]
Production entitlements attributable to the EG Government are reported as in-kind payments of salable hydrocarbons where we are the operator. Under certain of our contracts, production is shared between the parties, including State entities. Each party may decide to take custody and sell their entitled production on their own account. Production entitlement volumes are reported when the EG Government takes possession of their share from our operated areas. The value of these payments is calculated on a monthly basis, at fair market value, multiplied by the volumes conveyed to the EG Government during the month.
[3]
Bonus payments are made to the EG Government when certain contract milestones are achieved. These payments were made in XAF and converted into USD at the exchange rate existing at the time the payment is made.
[4]
Community and social responsibility (“CSR”) payments are made in-kind and reported at actual cost. The CSR payments primarily consist of spending on projects directed towards improving public health and quality of life in EG. The largest such project is an award-winning, public-private partnership focused on malaria prevention and treatment.
[5]
As disclosed in our 2023 Annual Report on Form 10-K, we have investments in EG in three equity method investees: EG LNG, Alba Plant LLC and AMPCO. In accordance with Rule 13q-1 under the Securities Exchange Act, payments made to the government of Equatorial Guinea (EG) by these equity method investments are not included in this report.
[6]
GEPetrol, or Compañía Nacional de Petróleos de Guinea Ecuatorial, is the national oil company of Equatorial Guinea.
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
$ in Millions
Amount
Type
Country
Subnat. Juris.
Govt.
Project
Resource
Segment
Ext. Method
In-kind
In-kind Calc.
#: 1                      
$ 92.4 Taxes EQUATORIAL GUINEA snj:GQ-BN Tesoreria y Patrimonio del Estado [Member] Gulf of Guinea - Offshore [Member] Oil and Natural Gas [Member] Int'l [Member] Well    
#: 2                      
3.9 Royalties EQUATORIAL GUINEA snj:GQ-BN Tesoreria y Patrimonio del Estado [Member] Gulf of Guinea - Offshore [Member] Oil and Natural Gas [Member] Int'l [Member] Well    
#: 3                      
0.3 Bonuses EQUATORIAL GUINEA snj:GQ-BN Tesoreria y Patrimonio del Estado [Member] Gulf of Guinea - Offshore [Member] Oil and Natural Gas [Member] Int'l [Member] Well    
#: 4                      
3.6 Comm. Social Resp. EQUATORIAL GUINEA snj:GQ-BN EG Federal Government [Member] Gulf of Guinea - Offshore [Member] Oil and Natural Gas [Member] Int'l [Member] Well Yes Actual Cost
#: 5                      
47.9 Prod. Entitlements EQUATORIAL GUINEA snj:GQ-BN GEPetrol [Member] Gulf of Guinea - Offshore [Member] Oil and Natural Gas [Member] Int'l [Member] Well Yes Fair Market Value
#: 6                      
1.1 Comm. Social Resp. EQUATORIAL GUINEA snj:GQ-BN EG Ministry of Mines & Hydrocarbons [Member] Gulf of Guinea - Offshore [Member] Oil and Natural Gas [Member] Int'l [Member] Well Yes Actual Cost
#: 7                      
0.8 Taxes UNITED STATES   US Treasury [Member] Entity Level [Member]   U.S. [Member]      
#: 8                      
59.9 Royalties UNITED STATES snj:US-NM Office of Natural Resources Revenue [Member] New Mexico - Onshore [Member] Oil and Natural Gas [Member] U.S. [Member] Well    
#: 9                      
19.7 Royalties UNITED STATES snj:US-ND Office of Natural Resources Revenue [Member] North Dakota - Onshore [Member] Oil and Natural Gas [Member] U.S. [Member] Well    
#: 10                      
$ 0.2 Fees UNITED STATES snj:US-ND Office of Natural Resources Revenue [Member] North Dakota - Onshore [Member] Oil and Natural Gas [Member] U.S. [Member] Well    
Marathon Oil (NYSE:MRO)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Marathon Oil Charts.
Marathon Oil (NYSE:MRO)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Marathon Oil Charts.