Marathon Oil Management

Management criteria checks 3/4

Marathon Oil's CEO is Lee Tillman, appointed in Aug 2013, has a tenure of 10.75 years. total yearly compensation is $12.83M, comprised of 9.4% salary and 90.6% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $24.60M. The average tenure of the management team and the board of directors is 3.7 years and 4.7 years respectively.

Key information

Lee Tillman

Chief executive officer

US$12.8m

Total compensation

CEO salary percentage	9.4%
CEO tenure	10.8yrs
CEO ownership	0.2%
Management average tenure	3.7yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lee Tillman's remuneration changed compared to Marathon Oil's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$13m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$12m	US$1m	US$4b
Sep 30 2022	n/a	n/a	US$4b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$13m	US$1m	US$946m
Sep 30 2021	n/a	n/a	-US$41m
Jun 30 2021	n/a	n/a	-US$542m
Mar 31 2021	n/a	n/a	-US$1b
Dec 31 2020	US$12m	US$1m	-US$1b
Sep 30 2020	n/a	n/a	-US$1b
Jun 30 2020	n/a	n/a	-US$651m
Mar 31 2020	n/a	n/a	US$260m
Dec 31 2019	US$14m	US$1m	US$480m
Sep 30 2019	n/a	n/a	US$890m
Jun 30 2019	n/a	n/a	US$979m
Mar 31 2019	n/a	n/a	US$914m
Dec 31 2018	US$12m	US$1m	US$1b
Sep 30 2018	n/a	n/a	US$678m
Jun 30 2018	n/a	n/a	-US$175m
Mar 31 2018	n/a	n/a	-US$424m
Dec 31 2017	US$10m	US$1m	-US$830m

Compensation vs Market: Lee's total compensation ($USD12.83M) is above average for companies of similar size in the UK market ($USD5.76M).

Compensation vs Earnings: Lee's compensation has been consistent with company performance over the past year.

CEO

Lee Tillman (61 yo)

10.8yrs

Tenure

US$12,830,222

Compensation

Mr. Lee M. Tillman has been the Chief Executive Officer, President and Director of Marathon Oil Corporation since August 1, 2013 and its Chairman since February 1, 2019. Mr. Tillman served as a Vice Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lee Tillman	Chairman	10.8yrs	US$12.83m	0.17% $ 24.6m
Michael Henderson	Executive Vice President of Operations	4yrs	US$3.47m	0.0076% $ 1.1m
Kimberly Warnica	Executive VP	3.3yrs	US$3.03m	0.012% $ 1.8m
Patrick Wagner	Executive Vice President of Corporate Development & Strategy	6.5yrs	US$3.55m	0.014% $ 2.0m
Dane Whitehead	Advisor	no data	US$4.23m	0.012% $ 1.8m
Rob White	Executive VP & CFO	no data	no data	0.0036% $ 535.3k
Zach Dailey	VP, Controller & Chief Accounting Officer	no data	no data	0.0083% $ 1.2m
Bruce McCullough	Senior VP of Technology & Innovation and Chief Information Officer	10.9yrs	no data	no data
Guy Baber	Vice President of Investor Relations	5.8yrs	no data	no data
Jill Ramshaw	Senior VP of Human Resources	2.3yrs	no data	no data

3.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 0JY9's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lee Tillman	Chairman	10.8yrs	US$12.83m	0.17% $ 24.6m
Mark McCollum	Independent Director	1.4yrs	US$315.00k	0.000070% $ 10.4k
Chadwick Deaton	Independent Director	10.3yrs	US$311.25k	0.010% $ 1.5m
Holli Ladhani	Independent Director	3.2yrs	US$317.00k	0.000030% $ 4.4k
Marcela Donadio	Independent Lead Director	9.4yrs	US$322.39k	0.0036% $ 532.3k
Brent Smolik	Independent Director	3.3yrs	US$311.25k	0.0035% $ 524.9k
Shawn Williams	Independent Director	1.3yrs	US$275.42k	0% $ 0
M. Hyland	Independent Director	6.1yrs	US$310.00k	0.0074% $ 1.1m

4.7yrs

Average Tenure

62yo

Average Age

Experienced Board: 0JY9's board of directors are considered experienced (4.7 years average tenure).

Marathon Oil Management

Management criteria checks 3/4

Key information

Recent management updates

Marathon Oil Corporation, Annual General Meeting, May 22, 2024

Chairman recently sold US$2.2m worth of stock

Marathon Oil Corporation Announces Executive Changes

Marathon Oil Corporation Announces Chief Financial Officer Changes

Marathon Oil Corporation Announces Chief Financial Officer Changes

Executive VP & CFO recently sold US$1.4m worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.52 (vs US$0.66 in 1Q 2023)

Fourth quarter dividend of US$0.11 announced

Marathon Oil Corporation Declares Dividend for the First Quarter of 2024, Payable on June 10, 2024

Now 20% undervalued

Marathon Oil Corporation, Annual General Meeting, May 22, 2024

Marathon Oil Corporation to Report Q1, 2024 Results on May 01, 2024

Chairman recently sold US$2.2m worth of stock

Marathon Oil Corporation Announces Executive Changes

Marathon Oil Corporation Announces Chief Financial Officer Changes

Marathon Oil Corporation Announces Chief Financial Officer Changes

New major risk - Revenue and earnings growth

Marathon Oil Corporation Provides Production Guidance for the Full Year 2024

Full year 2023 earnings released: EPS: US$2.56 (vs US$5.27 in FY 2022)

Upcoming dividend of US$0.11 per share at 1.9% yield

Third quarter dividend of US$0.11 announced

Marathon Oil Corporation Declares Fourth Quarter 2023 Dividend, Payable on March 11, 2024

Marathon Oil Corporation to Report Q4, 2023 Results on Feb 21, 2024

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.11 per share at 1.7% yield

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.75 (vs US$1.22 in 3Q 2022)

Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023

Marathon Oil Corporation Declares Third-Quarter 2023 Dividend, Payable on December 11, 2023

Marathon Oil Corporation to Report Q3, 2023 Results on Nov 01, 2023

Executive VP & CFO recently sold US$1.4m worth of stock

Executive VP & CFO recently sold US$1.3m worth of stock

Upcoming dividend of US$0.10 per share at 1.5% yield

Second quarter 2023 earnings released: EPS: US$0.47 (vs US$1.37 in 2Q 2022)

Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023

Marathon Oil Corporation Declares Second-Quarter 2023 Dividend, Payable on September 11, 2023

Marathon Oil Corporation to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.10 per share at 1.8% yield

First quarter 2023 earnings released: EPS: US$0.66 (vs US$1.79 in 1Q 2022)

Investor sentiment improves as stock rises 15%

Insider recently sold US$114k worth of stock

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$5.26 (vs US$1.20 in FY 2021)

Marathon Oil Corporation Provides Production Guidance for the Full Year 2023

Upcoming dividend of US$0.10 per share at 1.6% yield

Marathon Oil Corporation Declares Fourth Quarter 2022 Dividend, Payable on March 10, 2023

Marathon Oil Corporation to Report Q4, 2022 Results on Feb 15, 2023

Executive Vice President of Operations recently sold US$2.6m worth of stock

Insider recently sold US$1.4m worth of stock

Upcoming dividend of US$0.09 per share

Marathon Oil Corporation (NYSE:MRO) has entered into a definitive purchase agreement to acquire Eagle Ford assets of Ensign Natural Resources for $3 billion

Third quarter 2022 earnings released: EPS: US$1.22 (vs US$0.23 in 3Q 2021)

Marathon Oil Corporation (NYSE:MRO) entered into a definateive agreement to acquire Eagle Ford assets of Ensign Natural Resources for $3 billion

Marathon Oil Corporation Elects Mark A. McCollum and Shawn D. Williams to Board of Directors

Marathon Oil Corporation Declares Dividend for the Third Quarter 2022, Payable on December 12, 2022

Investor sentiment improved over the past week

Executive VP & CFO recently sold US$646k worth of stock

Marathon Oil Corporation to Report Q3, 2022 Results on Nov 02, 2022

Investor sentiment deteriorated over the past week

Executive VP & CFO recently sold US$865k worth of stock

Chairman recently sold US$2.1m worth of stock

Upcoming dividend of US$0.08 per share

Second quarter 2022 earnings released: EPS: US$1.37 (vs US$0.02 in 2Q 2021)

Marathon Oil Corporation Declares Second Quarter Dividend for 2022, Payable on September 12, 2022

Marathon Oil Corporation to Report Q2, 2022 Results on Aug 03, 2022

Investor sentiment deteriorated over the past week

Now 24% undervalued

Investor sentiment improved over the past week

Executive VP & CFO recently sold US$849k worth of stock

Upcoming dividend of US$0.08 per share

Now 24% undervalued

First quarter 2022 earnings released: EPS: US$1.78 (vs US$0.12 in 1Q 2021)

Marathon Oil Corporation to Report Q1, 2022 Results on May 04, 2022

Executive Vice President of Operations recently sold US$989k worth of stock

Investor sentiment improved over the past week