COVID Stimulus Watch Individual Entry

Recipient Company:

Marathon Oil Corp

Loan or Loan Guarantee Amount:

$3,063,086

Recipient Details

Ownership Structure: publicly traded (ticker symbol MRO)

Award Date: Aug 10, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Marathon Oil

Headquartered in: Texas

Parent Sector: oil and gas

Parent Industry: oil & gas

Employees (prior to pandemic): 2,000

Employment-related Penalties: $300,007

Government-contracting-related Penalties: $4,708,316

Environmental / Healthcare / Safety Penalties: $670,186

Good Jobs First has no data in this category

Ratio of CEO Pay to that of Median Worker: 97 to 1

CEO Compensation: $14,050,851

Worker Median Pay: $144,720

Total Federal, State, and Local Subsidies: $1,232,827

Federal Corporate Income Tax Rate: 0.9%