Marathon Oil Company Confirms Interest in Saudi Project

Marathon Oil Company confirms recent press reports that it has agreed with the Kingdom of Saudi Arabia to review a project as part of the Kingdom's Natural Gas Initiative.

Company officials continue to visit Saudi Arabia and discuss a detailed proposal in respect of a possible gas, power, water and petrochemical project.

Marathon Oil Company, part of the USX-Marathon Group (NYSE: MRO) and a unit of USX Corporation, is one of the largest fully integrated oil firms in North America. It is engaged in the worldwide exploration and production of crude oil and natural gas and through Marathon Ashland Petroleum LLC, refines, markets and transports petroleum products in the United States. Visit the company's Web site at www.marathon.com or www.usx.com.

SOURCE: Marathon Oil Company

Contact: Roger Holliday of Marathon Oil Company, 713-296-3911

Website: http://www.usx.com/
http://www.marathon.com/