Profile Overview
Name: Lee Tillman
Company: Marathon Oil Corporation
Position: Chairman, President, and CEO
Location: Houston, TX
LinkedIn: [Lee Tillman](https://www.linkedin.com/in/lee-tillman-30524129)
Professional Summary
Career at Marathon Oil Corporation
Lee Tillman was appointed Chairman of the Marathon Oil Board of Directors in 2019, complementing his roles as President and CEO, positions he has held since 2013. Under his leadership, Marathon Oil has embraced a pragmatic, free-market, and innovative approach to addressing global oil and gas demands while enhancing energy security and sustainability.
Previous Experience
Before joining Marathon Oil, Mr. Tillman built a distinguished career at ExxonMobil. Key roles included:
- Vice President of Engineering, ExxonMobil Development Company, overseeing global engineering staff for major projects.
- North Sea Production Manager and Lead Country Manager in Stavanger, Norway.
- Acting Vice President, ExxonMobil Upstream Research Company.
- Extensive international operational assignments in Jakarta, Aberdeen, Stavanger, Malabo, Dallas, and New Orleans.
Educational Background
- B.S. in Chemical Engineering: Texas A&M University
- Ph.D. in Chemical Engineering: Auburn University
Leadership and Governance
Board Memberships
In addition to his role at Marathon Oil, Mr. Tillman serves on several prestigious boards and councils:
- Houston American Heart Association
- Southwest Region American Heart Association
- American Petroleum Institute
- American Exploration and Production Counsel
- Engineering Advisory Council of Texas A&M University
- National Petroleum Council
- Society of Petroleum Engineers
- Emeritus Board Member: Spindletop Charities
- Barbara Bush Houston Literacy Foundation: Celebration of Reading Committee
Key Milestones
- GHG Emissions Reduction: Surpassed the 2022 target by achieving a 47% reduction relative to the 2019 baseline.
- Safety Performance: Achieved a Total Recordable Incident Rate (TRIR) of 0.30 in 2022, marking it the third best year in company history.
- ESG Commitment: Ensured 99.3% gas capture, exceeding the goal of 99%.
- Diversity & Inclusion: Increased U.S. racial/ethnic representation by 10% over five years and launched new ERGs for Hispanic/Latin and Asian American and Pacific Islander communities.
- Community Impact: Significant contributions to global social projects, including the Bioko Island Malaria Elimination Project and humanitarian relief efforts in Ukraine.
Strategic Initiatives
- Ensign Natural Resources Acquisition: Strengthened multi-basin portfolio and increased Eagle Ford scale.
- Innovation in Emissions Reduction: Launched LEAF pilot projects in the Bakken, Oklahoma, and Permian for low-emitting automated facilities aimed at minimizing flaring and capturing low-pressure gas.
Compensation
- Total Compensation for FY 2023: $12,830,222
- Salary: $1,200,000
- Value of Stock Awards: Included in total compensation
Vision and Philosophy
Lee Tillman advocates for an "all of the above" approach to energy transition, balancing the need for reliable and affordable energy with sustainable practices. This philosophy is integral to Marathon Oil’s strategy of maintaining operational resilience, optimizing resources, and fostering innovation to ensure long-term shareholder value and corporate responsibility.
This detailed profiling report offers a comprehensive view of Lee Tillman’s professional background, leadership, and strategic direction, providing valuable insights for stakeholders and potential business engagements with Marathon Oil Corporation.
