HOUSTON, Aug. 29 /PRNewswire-FirstCall/ -- Marathon Oil Corporation
(NYSE: MRO) announced on July 31, 2008, that it was evaluating the
potential separation of its businesses into two independent publicly traded
companies. It is still anticipated that the results of this effort will be
reviewed by the Board of Directors and that a decision will be made during
the fourth quarter 2008, with the separation likely to occur during the
first quarter 2009 should the decision be made to separate. In the interim,
Marathon will continue to issue commercial paper in the normal course of
business with all issued paper maturing and settling prior to any potential
separation date.
This release contains forward-looking statements with respect to the
evaluation of separating Marathon Oil Corporation into two distinct
businesses. Some factors that could potentially affect these
forward-looking statements include board approval, future financial
condition and operating results, and economic, business, competitive and/or
regulatory factors affecting Marathon's businesses. In accordance with the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995, Marathon Oil Corporation has included in its Annual Report on Form
10-K for the year ended December 31, 2007, and subsequent Forms 10-Q and
8-K, cautionary language identifying other important factors, though not
necessarily all such factors, that could cause future outcomes to differ
materially from those set forth in the forward- looking statements.
Media Relations Contacts: Lee Warren 713-296-4103
Paul Weeditz 713-296-3910
Investor Relations Contacts: Howard Thill 713-296-4140
Chris Phillips 713-296-3213
Michol Ecklund 713-296-3919
SOURCE Marathon Oil Corporation
 back to top
Related links:
http://www.marathon.com
CONTACT:
Media, Lee Warren, +1-713-296-4103, Paul
Weeditz, +1-713-296-3910, or Investors, Howard Thill,
+1-713-296-4140, Chris Phillips, +1-713-296-3213, Michol Ecklund,
+1-713-296-3919 all of Marathon Oil Corporation
|
