Lee M. Tillman is the President and CEO of Marathon Oil Corporation, where he has been leading the company since August 1, 2013. Before joining Marathon, he worked at ExxonMobil, where he handled major global engineering projects and led teams...

Current Market Cap

$16.09B

Number of Employees

1.68K

Total Compensation

2018 - 2023

Trending down by -23.27% last year
Showing total compensation for the last 2018 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Down by -35.29% last year

Other

Down by -0.29% last year

Year

2023

Total Compensation

$3.56M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive interests with stockholder value through a significant portion of at-risk compensation tied to company performance metrics.

Bonus

$1.98M

Board Justification

The annual cash bonus is based on the Company’s achievement of short-term safety, environmental, financial and operational goals, with a performance factor of 110% applied to the target bonus opportunity.

Other

$384.19K

Board Justification

Other compensation includes perquisites such as tax and financial planning services, company physicals, and contributions to defined contribution plans.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus is on performance-based compensation.

Performance Metrics

Performance metrics include safety (TRIR), GHG emissions intensity, enterprise breakeven, reinvestment rate, and cash flow per debt adjusted share.

SEC Filing

From April 10, 2024