Marathon Oil Corp.
Industry: Oil & Gas Operations

Marathon Oil Corporation (NYSE: MRO) is an integrated, international energy company engaged in the worldwide exploration, production and transportation of crude oil and natural gas.

Business Summary
Marathon Oil Corporation (Marathon) is engaged in worldwide exploration and production of crude oil and natural gas. It operates through three segments: exploration and production (E&P), which explores for and produces crude oil and natural gas; refining, marketing and transportation (RM&T), which refines, markets and transports crude oil and petroleum products, and integrated gas (IG), which markets and transports natural gas and products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol. The Company's principal operating subsidiaries are Marathon Oil Company and Marathon Ashland Petroleum LLC (MAP). During the year ended December 31, 2004, the Company's worldwide liquid hydrocarbon production averaged 170,000 barrels per day (bpd) and sales of natural gas production, including gas acquired for injection and subsequent resale, averaged 999 million cubic feet per day (mmcfd).

Financial Summary
MRO is engaged in the worldwide exploration and production of crude oil and natural gas, the domestic refining, marketing, & transportation of petroleum products, and other energy related businesses. For the 6M ended 6/30/05, revenues rose 25% to $29.11B. Net income from rose 65% to $997M. Results reflect higher natural gas prices and increased refining product sales, and higher margins.