Exhibit 10.2

MARATHON OIL CORPORATION
2019 INCENTIVE COMPENSATION PLAN
NONQUALIFIED STOCK OPTION AWARD AGREEMENT

[GRANT DATE]

Section 16 Officer

Pursuant to this Award Agreement, MARATHON OIL CORPORATION (the “Corporation”)
hereby grants to [NAME] (the “Optionee”), an employee of the Corporation or a
Subsidiary, on [DATE] (the “Grant Date”), a right (the “Option”) to purchase
from the Corporation [NUMBER] shares of Common Stock of the Corporation at a
grant price of $[PRICE] per share (the “Grant Price”), pursuant to the Marathon
Oil Corporation 2019 Incentive Compensation Plan (the “Plan”), with such number
of shares and such price per share being subject to adjustment as provided in
Section 13 of the Plan, and further subject to the following terms and
conditions:

1.    Relationship to the Plan. This Option is subject to all of the terms,
conditions and provisions of the Plan and administrative interpretations
thereunder, if any, that have been adopted by the Committee. Except as defined
herein, capitalized terms shall have the same meanings ascribed to them under
the Plan. To the extent that any provision of this Award Agreement conflicts
with the express terms of the Plan, the terms of the Plan shall control and, if
necessary, the applicable provisions of this Award Agreement shall be hereby
deemed amended so as to carry out the purpose and intent of the Plan. References
to the Optionee also include the heirs or other legal representatives of the
Optionee if and as applicable.

2.    Exercise and Vesting Schedule.

(a)    This Option shall become exercisable in three cumulative annual
installments, as follows:

(i) one-third of the Option Shares shall become exercisable on the first
anniversary of the Grant Date;

(ii) an additional one-third of the Option Shares shall become exercisable on
the second anniversary of the Grant Date; and

(iii) the remaining one-third of the Option Shares shall become exercisable on
the third anniversary of the Grant Date;

provided, however, that the Optionee must be in continuous Employment from the
Grant Date through the date of exercisability of each installment in order for
the Option to become exercisable with respect to additional shares of Common
Stock on such date. If the Employment of the Optionee is terminated for any
reason, except as provided for in this Section 2 of this Award Agreement, any
Option Shares that are not exercisable as of the date of such termination of
Employment shall be forfeited to the Corporation.

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(b)    Termination of Employment Due to Death. This Option shall become fully
exercisable, irrespective of the limitations set forth in subsection (a) above,
upon termination of the Optionee’s Employment due to death.

(c)    Disability Termination. This Option shall become fully exercisable,
irrespective of the limitations set forth in subsection (a) above, upon an
involuntary termination of the Optionee’s Employment not for Cause while on
Disability (a “Disability Termination”).

(d)    Termination of Employment Due to Retirement.    This Option shall become
fully exercisable, irrespective of the limitations set forth in subsection (a)
above, upon the Retirement of the Optionee, provided that each of the following
criteria are met:

(i)The Optionee’s date of Retirement is more than twelve months after the Grant
Date of this Option;

(ii)The Optionee agrees that he or she shall not directly or indirectly solicit
for employment any employees of the Corporation or its Subsidiaries, whether
individually or on behalf of another person or entity, for a period of at least
twelve months after the Optionee’s date of Retirement;

(iii)The Optionee assists with the transition of his or her responsibilities
prior to Retirement, including the provision of at least six months prior
written notice of the intention to retire to the Human Resources Department of
the Corporation, unless such requirements are waived by, and in the sole
discretion of, the Committee or a delegate thereof; and

(iv)The Optionee does not accept and does not intend to accept employment with a
competitor of any business unit of the Corporation or any of its Subsidiaries
and will so certify if required by the Committee or a delegate thereof; provided
that the Committee or a delegate thereof may, in its sole discretion, waive such
prohibitions.

Notwithstanding anything herein to the contrary, in the event the Committee
determines that the Optionee has accepted or intends to accept employment with a
competitor of any business unit of the Corporation, and such prohibitions are
not waived by, and in the sole discretion of, the Committee or a delegate
thereof, any Option Shares that are not exercisable as of the Optionee’s date of
Retirement shall be forfeited to the Corporation.

3.    Expiration of Option.

(a)    Expiration of Option Period. The Option Period shall expire on the tenth
anniversary of the Grant Date.

(b)    Termination of Employment Due to Death, Disability Termination or
Retirement. If Employment of the Optionee is terminated due to death, Disability
Termination, or Retirement, the Option shall expire upon the earlier of (i)
three years following the date of termination of Employment or (ii) expiration
of the Option Period. The death of the Optionee following Retirement or
Disability Termination but prior to the expiration of the Option shall have no
effect on the expiration of the Option.

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(c)    Termination of Employment by the Corporation for Cause. If Employment of
the Optionee is terminated by the Corporation or any of its Subsidiaries for
Cause, the Option shall expire upon the termination of Employment.

(d)    Termination of Employment by the Corporation Other Than For Cause or Due
to Resignation. If Employment of the Optionee is terminated by the Corporation
or any of its Subsidiaries for any reason other than Cause or due to voluntary
resignation by the Optionee, except as set forth in Section 3(a) of this Award
Agreement, the Option shall expire upon the earlier of (i) 90 days following the
date of termination of Employment or (ii) expiration of the Option Period.

(e)    Termination of Employment Following or in Connection with a Change in
Control. If Employment of the Optionee is terminated following a Change in
Control or in connection with a Change in Control, and, as a result, the
Optionee is eligible for severance benefits under a Change in Control Agreement,
the Option shall remain exercisable throughout the Option Period.

4.    Employment with a Competitor. Notwithstanding anything herein to the
contrary, in the event the Committee, the Chief Executive Officer, or an
authorized officer determines that the Optionee has accepted or intends to
accept employment with a competitor of any business unit of the Corporation, the
Committee, the Chief Executive Officer, or the authorized officer may cancel the
Option by written notice to the Optionee.

5.    Forfeiture or Repayment Resulting from Forfeiture Event.

(a)    Forfeiture of Unexercised Option. If a Forfeiture Event occurs during the
Optionee’s Employment or within three years following Optionee’s termination of
Employment, the Committee may, but is not obligated to, cause all or any portion
of the Option granted under this Award Agreement to be forfeited.

(b)    Repayment of Spread on Exercised Option. If a Forfeiture Event occurs
during the Optionee’s Employment or within three years following Optionee’s
termination of Employment, the Committee may, but is not obligated to, require
the Optionee to pay to the Corporation an amount in cash up to (but not in
excess of) the difference between the Grant Price and market price of the Option
on the date of exercise with respect to any shares for which the Option has been
exercised (the “Forfeited Spread Amount”). Any Forfeited Spread Amount shall be
paid by the Participant within sixty (60) days of receipt from the Corporation
of written notice requiring payment of such Forfeited Spread Amount.

(c)     Application of Forfeiture Provisions. This Section 5 shall apply
notwithstanding any provision of this Award Agreement to the contrary and is
meant to provide the Corporation with rights in addition to any other remedy
which may exist in law or in equity. This Section 5 shall not apply to the
Optionee following the effective time of a Change in Control.

6.    Exercise of Option. Subject to the limitations set forth herein and in the
Plan, this Option may be exercised in whole or in part by providing notice of
the number of Option Shares to be exercised to the Committee or its delegate,
which shall include any outside firm engaged by the Corporation to administer
the Plan. The Option must be exercised in accordance with the methods and at the
times set by the Committee

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or its delegate, and by the Optionee’s delivery of the Grant Price or of such
authorizations as may be required. The Grant Price for all shares of Common
Stock purchased upon the exercise of this Option, or a portion of this Option,
shall be paid in full at the time of such exercise. Such payment may be made in
cash or by tendering shares of Common Stock having a value on the date of
exercise equal to the Grant Price. If the Optionee makes payment of the Grant
Price by tendering shares of Common Stock, such Common Stock must be registered
in the sole name of the Optionee on the exercise date or an appropriate stock
power acceptable to the Corporation to transfer such stock to the sole name of
the Optionee must be provided at the time of exercise. Depending on its source,
Common Stock tendered in the exercise of this Option must have met the
appropriate holding period required by current tax, accounting, legal, or other
applicable rules and regulations. Subject to any administrative limitations on
exercise of Stock Options or permissible methods of option exercise imposed by
the Committee or its delegate, this Option may also be exercised by a “net-share
settlement” method or “cashless exercise” method for exercising outstanding
nonqualified stock options. The Committee or its delegate, in its sole
discretion and judgment, may limit the extent to which shares of Common Stock
can be used in exercise of this Option or limit the use of any method or time of
option exercise. Further, the Committee or its delegate, in its sole discretion
and judgment, may, but shall have no obligation to, exercise this Option on
behalf of the Optionee immediately prior to the expiration of this Option if the
Fair Market Value of a share of Common Stock exceeds the Grant Price on such
date. For purposes of determining the amount, if any, of the purchase price
satisfied by payment in Common Stock, such Common Stock shall be valued at its
Fair Market Value on the date of exercise. Upon receipt of the purchase price,
the Corporation or its designated representative shall issue or cause to be
issued to the Optionee a number of shares of Common Stock equal to the number of
Option Shares then exercised.

7.    Taxes. In all cases, the Optionee will be responsible to pay all required
withholding taxes associated with this Option. Pursuant to Section 10 of the
Plan, the Corporation or its designated representative (which may be a
Subsidiary) shall have the right to withhold applicable taxes from the shares of
Common Stock otherwise payable to the Optionee upon exercise of the Option or
from compensation otherwise payable to the Optionee at the time of exercise, to
sell or permit the sale of shares of Common Stock to pay such applicable taxes,
or to take such other action as may be necessary in the opinion of the
Corporation to satisfy all obligations for withholding.

8.    Shareholder Rights. The Optionee shall have no rights of a shareholder
with respect to the Option Shares unless and until such time as the Option has
been exercised and shares of Common Stock have been issued to the Optionee in
conjunction with the exercise of the Option.

9.    Nonassignability. During the Optionee’s lifetime, the Option may be
exercised only by the Optionee or by the Optionee’s guardian or legal
representative. Upon the Optionee’s death, the Option shall be transferred to
the Optionee’s designated beneficiary on file with the Plan’s third party stock
plan administrator or, if none, to the Optionee’s estate. Otherwise, the
Optionee may not sell, transfer, assign, pledge or otherwise encumber any
portion of the Option, and any attempt to sell, transfer, assign, pledge, or
encumber any portion of the Option shall have no effect.

10.    No Employment Guaranteed. Nothing in this Award Agreement shall give the
Optionee any rights to (or impose any obligations for) continued Employment by
the Corporation or any Subsidiary

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thereof or successor thereto, nor shall it give such entities any rights (or
impose any obligations) with respect to continued performance of duties by the
Optionee.

11.    Modification of Agreement. Any modification of this Award Agreement shall
be binding only if evidenced in writing and signed by an authorized
representative of the Corporation, provided that no modification may, without
the consent of the Optionee, adversely affect the rights of the Optionee
hereunder. Without the consent of the Optionee, this Award Agreement may be
amended or supplemented (i) to cure any ambiguity or to correct or supplement
any provision herein which may be defective or inconsistent with any other
provision herein, or (ii) to add to the covenants and agreements of the
Corporation for the benefit of the Optionee or to add to the rights of the
Optionee or to surrender any right or power reserved to or conferred upon the
Corporation in this Award Agreement; provided, in each case, that such changes
or corrections shall not adversely affect the rights of the Optionee under this
Award Agreement without the Optionee’s consent, or (iii) to make such other
changes as the Corporation, upon advice of counsel, determines are necessary or
advisable because of the adoption or promulgation of, or change in or of the
interpretation of, any law or governmental rule or regulation, including any
applicable federal or state securities or tax laws.

12.Data Privacy. By accepting the Option subject to the terms of this Award
Agreement, the Participant hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of the Participant’s
personal data, including but not limited to items of data described in this
Section 12, by and among Marathon Oil Corporation and its Subsidiaries and
affiliates, including the Participant’s employer (collectively referred to as
“Marathon Oil” in this Section 12) for the exclusive purpose of implementing,
administering and managing the Participant’s participation in the Plan. The
Participant understands and acknowledges that Marathon Oil holds certain
personal data about the Participant, including, but not limited to, the
Participant’s name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, nationality, job title,
any shares of stock or directorships held in Marathon Oil, details of all grants
or any other entitlement to shares of stock or units awarded, canceled,
forfeited, exercised, vested, unvested or outstanding in the Participant’s
favor, for the purpose of implementing, administering and managing the Plan
(which information is collectively referred to as “Data” for purposes of this
Section 12). The Participant understands and agrees that Data may be transferred
to one or more third parties assisting Marathon Oil in the implementation,
administration and management of the Plan, that these recipients may be located
in the Participant’s country of citizenship, country of residence or elsewhere,
and that any recipient’s country may have different data privacy laws and
protections than the Participant’s country of citizenship or country of
residence. The Participant understands that he or she may request a list with
the names and addresses of any recipients of the Data by contacting his or her
local human resources representative. The Participant, by acceptance of the
Option subject to the terms of this Award Agreement, authorizes the recipients
to receive, possess, use, retain and transfer the Data, in electronic or other
form, for the purposes of implementing, administering and managing the
Participant’s participation in the Plan, including any requisite transfer of
such Data as may be required to a broker or other third party with whom the
Participant may elect to deposit the shares following the lapse of applicable
restrictions, and reporting to applicable tax and other legal authorities. The
Participant understands that he or she may, at any time, view the Data, request
additional information about the storage and processing of the Data, require any
necessary amendments to the Data to correct inaccuracy, or refuse or withdraw
the consent provided herein, without cost, by contacting the Participant's local
human resources representative in writing. The Participant understands that
refusing or withdrawing the Participant’s consent may affect the

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Participant’s ability to participate in the Plan, and the Participant may obtain
additional information about the consequences of refusing to consent or
withdrawing consent by contacting his or her local human resources
representative.

13.    Definitions. For purposes of this Award Agreement:

“Cause” means termination from Employment by the Corporation or its Subsidiaries
due to unacceptable performance, gross misconduct, gross negligence, material
dishonesty, material acts detrimental or destructive to the Corporation or its
Subsidiaries, employees or property, or any material violation of the policies
of the Corporation or its Subsidiaries.

“Employment” means employment with the Corporation or any of its Subsidiaries.

“Forfeiture Event” means the occurrence of at least one of the following (a) the
Corporation is required, pursuant to a determination made by the Securities and
Exchange Commission or by the Audit Committee of the Board, to prepare a
material accounting restatement due to the noncompliance of the Corporation with
any financial reporting requirement under applicable securities laws as a result
of misconduct, and the Committee determines that (1) the Optionee knowingly
engaged in the misconduct, (2) the Optionee was grossly negligent with respect
to such misconduct or (3) the Optionee knowingly or grossly negligently failed
to prevent the misconduct or (b) the Committee concludes that the Optionee
engaged in fraud, embezzlement or other similar misconduct materially
detrimental to the Corporation.

“Mandatory Retirement” means termination of Employment as a result of the
Corporation’s policy, if any, requiring the mandatory retirement of officers
and/or other employees upon reaching a certain age or milestone.

“Option Period” means the period commencing upon the Optionee’s receipt of this
Award Agreement and ending on the date on which the Option expires pursuant to
Section 3 or has been exercised with respect to all Option Shares.

“Option Shares” means the shares of Common Stock covered by this Option.

“Retirement” means, for purposes of this Award Agreement, termination of
Employment with the Corporation and its Subsidiaries upon the first to occur of:
(1) reaching at least age 60 with at least five years of vesting service based
on an Optionee’s “accredited service date” as reflected in the employment
records of the Corporation or its Subsidiaries and (2) Mandatory Retirement.

________________________
Deanna L. Jones
Senior Vice President, Human
Resources, Communications &
Administrative Services

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