Marathon Oil Corporation (MRO) 2022年年度报告「NYSE」.pdf

1、Dear Shareholders,2022 was an extraordinary year for Marathon Oil.Our strategy,quality assets and talented people delivered against every dimension of our Framework for Success resulting in record-setting shareholder distributions,differentiated per share growth across the most important financial m

2、etrics and environmental,social and governance(ESG)excellence.Our prioritization of free cash flow generation and adherence to our disciplined capital allocation framework enabled us to generate approximately$4 billion of free cash flow in 2022 and return$3 billion of capital to our shareholders,rep

3、resenting a distribution yield of 17%that was among the best in both energy as well as the S&P 500.This exceptional performance included returning 55%of our cash flow from operations to equity investors,considerably exceeding our minimum 40%commitment.We remain steadfast in our commitment to the pow

4、erful combination of a sustainable and competitive base dividend and consistent share repurchases.That consistency delivered with approximately$2.8 billion in share repurchases that reduced our outstanding share count by 15%for the year driving outstanding per share growth across both our financial

5、and operational metrics.Since October 2021,we have reduced our share count by more than 20%,leading our peers.In 2022,we also raised our base dividend three times,marking seven increases to our base dividend in the last eight quarters and a cumulative increase of over 230%since the beginning of 2021

6、.We have consistently rewarded our shareholders through a transparent and differentiated Return of Capital framework based on cash flow from operations,where our investors truly receive the first call on cash flow.We also successfully closed the Ensign Natural Resources acquisition during the fourth