Marathon Oil Corporation - US Securities and Exchange Commission

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With the spin-off of our downstream business, "everything is changed, but nothing is different," as the saying goes; for Marathon Oil Corpo.ration. We are now positioned as a major independent exploration and production company. with enhanced focus on the opportunities, and responsibilities, incumbent upon such a smaller, yet global enterprise. Amidst strategic and operational changes, Living Our Values remains our central tenet. and continuous improvement. a fundamental objective. For yesteryear's Marathon Oil and for today's, no two pillars are more important. and they are the foundation for our approach to Corporate Social Responsibility. The Company's Board recognizes that its principal mission is to optimize our shareholders' economic value. But there should be no daylight between those efforts and our stewardship of Marathon Oil's non-financial values. Our industry's and our communities' environmental. safety, geopolitical and workplace risks and opportunities must continue to be foremost in the minds of all those associated with this Company. These premises are challenged anew by the shift to unconventional resource plays. Addressing real and perceived hazards. training in new skills, building substantive relationships with new neighbors-all necessarily and appropriately require the attention and diligence of every employee. In the past several years, we have adopted targets and metrics to measure how Marathon Oil is living up to our own sense of duty to t he Company's varied constituencies. And we hope you find our measures of performance appropriate and meaningful. We shall be refining these criteria based on evolving learnings, transparen tly disclosing our performance. and holding ourselves accountable. Your attention is directed to the progress we have made; your suggestions on areas for improvement are most welcome. __ t'farathon Oil_responds to~ver-increasing demand. secures resources in difficult cond itions. produces tangible products. and operates in "the real world." Each of these pose opportunities, but also constraints. The Board. its Health, Environment. Safety and Corporate Responsibility (HES&CR) Committee and the Company's management remain committed to optimizing our business performance while honoring our commitment to the values long identified with "Marathon Oil." 7kMtYU Philip Laoer Cha1rman. HES&CR Committee Marathon 011 Corporation Board of D1rectors Page 4 Mara thon Oil 2011 Uvang Our Valu es Corporate Soctal Responslbth ty Report
Marathon Oil eng ages with stakeholders at every level of the Company through both formal and Informal means. Our stakeholders voice concerns, provide suggestions and help us to conduct our b usiness in a m ore responsible and productive manner. Below is a snapshot of these priorities and the mechanisms we use to discuss and resolve issues at the corporate and operations levels. INVESTORS INDUSTRY NGOs EMPLOYEES COMMUNITIES GOVERNMENTS • Business • Shale explo- • Sustainable ·Health and • Locul • Regulatory strategy and ration and development safety employment comp liance continuity development • Human rights • Business • Vehicle • Taxes and • Risk and • Supplier • Energy use continuity traffic and royalties reputation requirements and GHG and success road safety • Future energy management • Technology emissions • Professional • Local supplier demand • Financial innovation • Water impacts development opportunities • Economic performance • Health and • Revenue • Benefits • Land access development • Net reserves safety transparency and compen- and job • Nature of • Public policy sation positions Gilwir.ol'lmental footprint • SEC filings • Trade • EITI ·Training • Marathonoil. • Policy • Investor assoc iations participation • Quarterly com development presenta • International • Commitment leadership • Social and advocacy lions. business to Voluntary meetings investment • EITI conferences councils Principles on ·Code of programs participation and Security and Conduct and • Media and webcasts Human Rights HES&S Policy social media • Environmental • Integrity • Royalty conservation Helpline relations programs • Tours • Chambers of • Joint projects • Safety • Community • Permit reviews Commerce and partner and cross meetings and other meetings ships functional • Media compliance • Peer-to-peer • Employee committees activities ·Local engagement volunteering procurement • Regional • Coordination • Commun ity development • Landowner on best meetings meetings and practices negotiations • Philanthropy and volunteering
Page 1 and 2: UNITED STATES SECURITIES AND EXCHA
Page 3 and 4: Kolencik, Richard J. (MRO) From: Se
Page 5 and 6: Richard J. Kolenclk Assistant Gener
Page 7 and 8: U.S. Securities and Exchange Commis
Page 9 and 10: U.S. Securities and Exchange Commis
Page 11 and 12: 11/14/2012 14:23 2125977216 EPISCOP
Page 13 and 14: Richard J. Kolenclk Assistant Gener
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Page 17 and 18: MARATHON OIL CORPORATION Health, E
Page 19 and 20: 6. Performance Evaluation. The Comm
Page 21 and 22: Living Our Value s 2011 Corporate S
Page 23 and 24: • • e Exploration Production e
Page 25: Fa~alit_i!~!Employee and Contractor
Page 29 and 30: In 2010, we present~d 16 goals acro
Page 31 and 32: New Company, Consistent Values I. .
Page 33 and 34: place to prevent bribery and corrup
Page 35 and 36: ' '\ ~- : ~ I ' ' \ Public Communit
Page 37 and 38: United Nations (U.N.) Universal Dec
Page 39 and 40: Information we collect and analyze
Page 41 and 42: ' ~t '-'•"'1,# .~ • n-.-,,.. -
Page 43 and 44: S!}ill Prevention To prevent spills
Page 45 and 46: Hydraulic Fracturing Hydmuik fractu
Page 47 and 48: • M tr~,!/ arathonou :.,. .r ,
Page 49 and 50: Wel l Management Train ing Safety i
Page 51 and 52: A System atic Approach to Innova t
Page 53 and 54: IPIECA/API/OGP AND GRI INDEX This r
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Page 57: MARATHON OIL COMPANY MOC 701 POLICY

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