Business mix
- Upstream exploration and production covers crude oil, natural gas and LNG, with assets spread across the United States, Canada, Australia, Malaysia, Norway, Qatar, the United Kingdom and other countries and regions.
- The recent acquisition of Marathon Oil has expanded its production and proven reserve base and strengthened its competitive position in North America.
- The LNG business continues to expand through long-term supply agreements and technology exports (Optimized Cascade® process), such as cooperation with Gulf Coast projects.
Current key questions
- The company's performance is highly correlated with oil prices, and it faces energy price fluctuations and global energy transition policy pressures.
- Capital expenditures, shareholder dividends and emission reduction targets need to be balanced, and geopolitical risks also affect the stability of multi-regional operations.
