Company report
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13 Pages

Marathon corporate report


Marathon corporate report

Report summary

Marathon is in an advantaged position during this period of low oil price. The portfolio comprises high-quality US resource plays and cash generative overseas assets. The balance sheet is strong, and decisive actions over 2015/2016, including capital budget cuts, slashing the dividend and an equity issuance, have lowered its cash breakevens. The company is in a position to undertake counter-cyclical business development.

What's included?

This report includes 2 file(s)

  • Marathon corporate report PDF - 357.56 KB 13 Pages, 7 Tables, 12 Figures
  • Marathon Corporate Report.xls XLS - 3.19 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
    • Summary
      • Strategic success factors
  • Valuation
  • Financial health
    • Financial health overview
      • Net debt outlook / Liquidity position
      • Options to free up capital / risks to this outlook
  • Resources, reserves and production
    • Production overview
    • Resources and reserves overview
  • Portfolio summary
  • Economic assumptions
    • Economic assumptions

In this report there are 19 tables or charts, including:

  • Executive summary
    • SWOT analysis
  • Valuation
    • Market premium price sensitivity
    • Benchmark: market premium/discount to WM base case NPV,10
  • Financial health
    • Cash flow breakevens evolution
    • Net debt outlook
  • Resources, reserves and production
    • Marathon's reported and forecast production
    • Production by resource theme
    • Benchmark: top 10 Eagle Ford breakevens
    • Marathon's unconventional portfolio
    • Benchmark: reserves and resource life
    • Benchmark: WM organic reserves replacement (2011-2015)
  • Portfolio summary
    • Key assets
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Economic assumptions: Image 1
    • Economic assumptions: Image 2
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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