HOUSTON, Aug. 29 /PRNewswire-FirstCall/ -- Marathon Oil Corporation 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
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