Marathon Oil Management
Management criteria checks 3/4
Marathon Oil's CEO is Lee Tillman, appointed in Aug 2013, has a tenure of 11.25 years. total yearly compensation is $12.83M, comprised of 9.4% salary and 90.6% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $33.03M. The average tenure of the management team and the board of directors is 4.5 years and 5.2 years respectively.
Key information
Lee Tillman
Chief executive officer
US$12.8m
Total compensation
| CEO salary percentage | 9.4% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4.5yrs |
| Board average tenure | 5.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$1b |
| 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 PE market ($USD5.83M).
Compensation vs Earnings: Lee's compensation has been consistent with company performance over the past year.
CEO
Lee Tillman (62 yo)
11.3yrs
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 |
|---|---|---|---|---|
| Chairman | 11.3yrs | US$12.83m | 0.21% $ 33.0m | |
| Executive Vice President of Operations | 4.5yrs | US$3.47m | 0.00092% $ 142.6k | |
| Executive VP | 3.8yrs | US$3.03m | 0.012% $ 1.9m | |
| Executive Vice President of Corporate Development & Strategy | 7yrs | US$3.55m | 0.020% $ 3.1m | |
| Executive VP & CFO | less than a year | no data | 0.0036% $ 564.0k | |
| VP, Controller & Chief Accounting Officer | less than a year | no data | 0.0083% $ 1.3m | |
| Senior VP of Technology & Innovation and Chief Information Officer | 11.4yrs | no data | no data | |
| Vice President of Investor Relations | 6.3yrs | no data | no data | |
| Senior Vice President of Human Resources | 2.8yrs | no data | no data |
4.5yrs
Average Tenure
54yo
Average Age
Experienced Management: MRO's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 11.3yrs | US$12.83m | 0.21% $ 33.0m | |
| Independent Director | 1.9yrs | US$315.00k | 0.0029% $ 450.9k | |
| Independent Director | 10.8yrs | US$311.25k | 0.020% $ 3.0m | |
| Independent Director | 3.7yrs | US$317.00k | 0.0061% $ 943.6k | |
| Independent Lead Director | 9.9yrs | US$322.39k | 0.019% $ 2.9m | |
| Independent Director | 3.8yrs | US$311.25k | 0.0064% $ 993.2k | |
| Independent Director | 1.8yrs | US$275.42k | 0.0028% $ 427.7k | |
| Independent Director | 6.6yrs | US$310.00k | 0.012% $ 1.9m |
5.2yrs
Average Tenure
63yo
Average Age
Experienced Board: MRO's board of directors are considered experienced (5.2 years average tenure).