What is the history of Marathon Oil Corporation?

Marathon Oil Corporation has a rich and diverse history that spans over 130 years. The company traces its roots back to 1887 when it was founded as The Ohio Oil Company. It played a crucial role in the development of the American oil industry, especially during the early days of oil discovery in the Ohio region. Over the years, Marathon Oil underwent different name changes and expansions, eventually becoming a globally recognized exploration and production company. In 2002, the company separated from its former parent company and became an independent entity. Today, Marathon Oil operates in various resource-rich regions worldwide, including the United States, Equatorial Guinea, and the Middle East. The company's focus on efficient operations, technological advancements, and commitment to environmental and social responsibilities have positioned it as a trustworthy and forward-thinking player in the energy sector.