SEC Comment Letter 0000000000-24-005033 to MARATHON OIL CORP (MRO) (CIK 0000101778)
MARATHON OIL CORP (MRO) (CIK 0000101778)
Date: May 3, 2024 · CIK: 0000101778 · Accession: 0000000000-24-005033
AI Filing Summary & Sentiment
File numbers found in text: 001-05153
Letter
United States securities and exchange commission logo May 3, 2024 Rob L. White Executive Vice President and Chief Financial Officer MARATHON OIL CORP 990 Town and Country Boulevard Houston, Texas 77024-2217 Re:MARATHON OIL CORP Form 10-K for Fiscal Year Ended December 31, 2023 10-K filed February 22, 2024 File No. 001-05153 Dear Rob L. White: We have reviewed your filing and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for Fiscal Year Ended December 31, 2023 Item 8. Financial Statements and Supplementary Data Supplementary Information on Oil and Gas Producing Activities (Unaudited) Estimated Quantities of Proved Oil and Gas Reserves Changes in Proved Undeveloped Reserves, page 105 1.Please expand your explanation of the changes in proved undeveloped reserves due to revisions of previous estimates to include the unexplained net volume decrease of 6 MMBoe. Include all contributing factors, both positive and negative, so the entire volume change is explained. Refer to the disclosure requirements in Item 1203(b) of Regulation S- K. 2.Please expand your disclosure of proved undeveloped reserves converted to proved developed to include the associated capital expenditures. Refer to the disclosure requirements in Item 1203(c) of Regulation S-K. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
FirstName LastNameRob L. White Comapany NameMARATHON OIL CORP May 3, 2024 Page 2 FirstName LastName Rob L. White MARATHON OIL CORP May 3, 2024 Page 2 action by the staff. For questions regarding comments on engineering matters, please contact Sandra Wall, Petroleum Engineer, at 202-551-4727 or Brad Skinner, Office Chief, 202-551-3489. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: John Montanti
Show Raw Text
United States securities and exchange commission logo
May 3, 2024
Rob L. White
Executive Vice President and Chief Financial Officer
MARATHON OIL CORP
990 Town and Country Boulevard
Houston, Texas 77024-2217
Re:MARATHON OIL CORP
Form 10-K for Fiscal Year Ended December 31, 2023
10-K filed February 22, 2024
File No. 001-05153
Dear Rob L. White:
We have reviewed your filing and have the following comments.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for Fiscal Year Ended December 31, 2023
Item 8. Financial Statements and Supplementary Data
Supplementary Information on Oil and Gas Producing Activities (Unaudited)
Estimated Quantities of Proved Oil and Gas Reserves
Changes in Proved Undeveloped Reserves, page 105
1.Please expand your explanation of the changes in proved undeveloped reserves due to
revisions of previous estimates to include the unexplained net volume decrease of 6
MMBoe. Include all contributing factors, both positive and negative, so the entire volume
change is explained. Refer to the disclosure requirements in Item 1203(b) of Regulation S-
K.
2.Please expand your disclosure of proved undeveloped reserves converted to proved
developed to include the associated capital expenditures. Refer to the disclosure
requirements in Item 1203(c) of Regulation S-K.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
FirstName LastNameRob L. White
Comapany NameMARATHON OIL CORP
May 3, 2024 Page 2
FirstName LastName
Rob L. White
MARATHON OIL CORP
May 3, 2024
Page 2
action by the staff.
For questions regarding comments on engineering matters, please contact Sandra Wall,
Petroleum Engineer, at 202-551-4727 or Brad Skinner, Office Chief, 202-551-3489.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: John Montanti