Clarence P Cazalot Jr Net Worth is30.3 $Million
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Birth Name: Clarence P. Cazalot, Jr.
Birth Date: 1950
Birth Place: New Orleans, Louisiana, United States
Nationality: United States
Alma Mater: Louisiana State University
Occupation: Chief Executive Officer
Boards: Marathon Oil Corporation, Baker Hughes, Oil and Natural Gas Industry Labor-Management Committee
Title: President and Chief Executive Officer of Marathon Oil Corporation
Residence: Houston, Texas
Term: January 1, 2002 – present
Awards: Woodrow Wilson Award (2008), url
Clarence P. Cazalot, Junior (born 1950) is president and chief executive of the Houston-based Marathon Oil Corporation. Since he took over control of the company in 2002, Marathon has expanded abroad with investments in the nascent gas industry of Equatorial Guinea and oil in Gabon, Libya and Norway. Its upstream earnings from overseas projects have been tripled and Marathon is beginning to sell off the smaller assets.
A trained geologist, Cazalot doesn't come from a tycoon background and spent much of his career doing technical work for Texaco. However, he benefited from the decades of experience in offshore drilling and, particularly, in laying pipelines, getting three high-profile roles managing Texaco's international production divisions. After joining Marathon in 2000, he quickly improved the company's bargaining situation with a somewhat cooperative approach to developing energy markets and pricing, instead putting a strategic focus on technology.
Throughout his career, Cazalot has financed acquisitions of foreign supplies by creating good relationships with research facilities and lowering production costs rather than seeking international lending. His corporate focus is now on gas commercialization, and while it has to deliver the company any "breakthrough" technologies, he has had a great deal of success in the past with oil completion technologies. Marathon's subsidiary, Marathon Ashland Petroleum, is today the fifth largest petroleum refiner in the United States.
It has also improved the company's debt-position and made Cazalot an immensely wealthy man. He earned a reported $6.5 million in compensation in 2008, making him nominally one of the highest paid executives in Houston. He is a member of the board of Baker Hughes and the Oil and Natural Gas Industry Labor-Management Committee. He is a general member of the Council on Competitiveness, the exclusive All-American Wildcatters Association, a number of other industry associations, and several l

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Clarence P Cazalot Jr Latest News

Marathon Oil sets $5.267 billion capital, investment and exploration budget

HOUSTON, Feb. 2, 2011 – Marathon Oil Corporation (NYSE: MRO) announced today a $5.267 billion capital, investment and exploration budget for 2011 ... resource plays in the U.S.,” said Clarence P. Cazalot, Jr., Marathon president and CEO.
Posted: February 2, 2011, 12:15 pm

My Take On Marathon Oil

Recently, I participated in an interview with Clarence P. Cazalot Jr., CEO of Marathon Oil Corp. (MRO). The purpose was to garner information about Marathon Oil, particularly in its Eagle Ford and Bakken shale plays, and get Mr. Cazalot's macro view of ...
Posted: April 7, 2012, 11:17 am

Marathon Oil Announces Two Executive Appointments

Kerrigan will continue reporting to Clarence P. Cazalot, Jr., chairman, president and CEO, and Robertson will continue reporting to David E. Roberts, Jr., executive vice president and chief operating officer. Both appointments were effective Oct. 31 ...
Posted: November 1, 2012, 7:56 pm
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