Marathon Oil Benefits

4.2
100 Ratings

Our Benefits

At Marathon Oil, our compensation and benefits programs are important drivers of our performance and long-term success. We benchmark our programs regularly and adjust them as needed to stay competitive. They're based on the following principles:

  • Provide programs that attract, retain and motivate our employees, including competitive base pay, annual discretionary bonus and long-term incentives such as stock programs.
  • Pay for performance.
  • Align interests with shareholders.
  • Foster a culture of safety and strong values.
  • Maintain strong governance of programs.

In the U.S., retirement savings plans include a 401(k) plan and a cash balance pension plan. Our 401(k) plan allows eligible employees to contribute beginning with their first paycheck. This is especially attractive to professionals who join the Company in mid- or late-career. Marathon Oil matches 401(k) plan contributions up to 7 percent of eligible earnings. In addition, participants accrue cash balance benefits of 7 to 11 percent of eligible earnings annually through the pension plan.

Marathon Oil values the health and wellness of our employees and their families, and we are committed to promoting and protecting their health on and off the job. Since 2007, our voluntary wellness program has offered employees programs and incentives to encourage healthy lifestyle behaviors and improve their overall health.

Additional benefits depending on location can include health, dental and vision assistance plans for employees and their families, including domestic partners and children of domestic partners in the U.S.; adoption assistance; vacation; paid holidays; sick pay; flexible work arrangements; life and accident insurance; leaves of absence; educational reimbursement; matching gifts; and a volunteer incentive program.

For additional information, please visit our Careers website at marathonoil.com/careers.

Which benefits does Marathon Oil provide?

Current and former employees report that Marathon Oil provides the following benefits. It may not be complete.

Insurance, Health & WellnessFinancial & RetirementFamily & ParentingVacation & Time OffPerks & DiscountsProfessional Support

Insurance, Health & Wellness

Health Insurance
3.7
19 Ratings
Employer Verified
4.5
2 Ratings
Employer Verified
5.0
2 Ratings
Employer Verified
5.0
2 Ratings
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified

Financial & Retirement

4.6
10 Ratings
Employer Verified
4.4
5 Ratings
3.8
5 Ratings
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified

Family & Parenting

3.7
11 Ratings
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
Adoption Assistance
Employer Verified
Work From Home
Employer Verified

Vacation & Time Off

4.4
15 Ratings
Employer Verified
5.0
2 Ratings
Employer Verified
5.0
1 Rating
5.0
1 Rating
5.0
1 Rating
Employer Verified
5.0
1 Rating

Perks & Discounts

5.0
2 Ratings
Employer Verified
5.0
1 Rating
5.0
1 Rating
Employer Verified
5.0
1 Rating
5.0
1 Rating
3.0
1 Rating
5.0
1 Rating

Professional Support

5.0
1 Rating
5.0
1 Rating
Employer Verified
5.0
1 Rating
Employer Verified
Diversity Program
Employer Verified

Employee Benefit Reviews

Showing 1–10 of 100 comments

Most Commented

May 7, 2022
4.0
Former Facilities Engineer in Houston, TX, Texas

Very generous as compared to its peers.

Report
Mar 31, 2022
4.0
Former Employee

Good 401k. Good vacation time.

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Mar 24, 2022
5.0
Current Accounting Analyst in Houston, TX, Texas

Pension Plan is the best.

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Mar 21, 2022
5.0
Current Employee

Good vacations and have flexible schedules.

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Feb 27, 2022
4.0
Current Employee

Great 401k and pension benefits.

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Dec 13, 2021
4.0
Current Employee

401k match and pension are good.

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Nov 19, 2021
3.0
Current Employee

Removed equity long-term incentive plan for most employees but kept for management and c-suite.

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Oct 25, 2021
5.0
Current Information Technology in Houston, TX, Texas

Great benefits. Very awesome packages

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Sep 30, 2021
4.0
Current Geological Technician in Houston, TX, Texas

Very good benefits, starting out you get 3 weeks vacation. 7% match on 401K and a pension vested after 3 years. They also offer a 9/80 schedule.

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Oct 5, 2021
3.0
Current Employee

Hybrid work schedule, 401k match, Pension, Cash Bonus.

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Viewing 1 - 10 of 100 Reviews

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