I think its is time for Marathon Leadership to look in the mirror (good to great) and ask how do we position this company for the future generation energy needs - Transition from climate changing hydrocarbons to cleaner energy. We need both for transition (mostly natural gas) and increasing green energy as longer term. 115 F in Seattle this summer should be an event that we all should be losing sleep over. If private industry can't make the change, govt will step in and regulate it.
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" Marathon is going on a Time Warp, baby!! Yeah!! " per Austin Powers.
In other words Marathon sold their company to the CCP so you need to look into how much money MRO pays to BlackRock and it it is not because of Mergers or Acquisitions but because the CCP owns MRO by the Ba--s!
The new building is very symbolic for what we've become as a company. It's a testament to the shallow emptiness that is Marathon Oil. We are exactly like that person that leases a BMW when really they should be buying a used Kia. It's purely a look at me, living above our means, ego st-----g move to celebrate the greatness that is our leadership team.
Marathon doesn’t actually own the new building nor will they own anything inside of it like the furniture. They’re doing a “synthetic” lease.
what left to buy? how about that fancy new building?
I agree with the last commenter. It wasn’t long after Smolick arrived the flight department was closed. You can’t fake being the lowest cost and highest margin company while owning fancy corporate jets. On one hand it wouldn’t surprise me if someone bought Marathon Oil on the other hand, what’s really left to buy? If there were any value left in the company the stock would be doing much better.
With Smolick on the board the only direction is selling. Look at the stock price compared to peer the last few days. Its acting like an announcement is coming.
It's not just leadership. Anything with a brain has and will continue to jump ship. Precovid the place was going downhill and morale was low. Covid showed just showed incompetent and how little leadership really cares for it's employees. If anyone was looking for a sign to leave this is it.
"None of this is to be faulted, but the risk is the market starts to tip valuation towards a liquidation assumption. As a going concern, with a multi-year development program ahead, it will be up to MRO to shift this narrative..." taken from an Evercore analyst report on MRO. Good luck. PLace has been liquidating for a long time.
PW will get us out of this with a good acq!
Where is leadership going? Out the door. VP IT leaving this month.
We have no leadership only administrators totally out of their depth. Incapable of leading and inspiring. If they had any moral fibre they would resign and make way for others.
not sure where MRO is going, but quality staff are going right out the door
If you want to get the attention of MRO’s execs, learn to speak with a British accent. Poor ol’ Lee is enamored with the accent, just look around him, as well as to MRO’s last remaining overseas venture…