Marathon Oil (MRO)

Operational Highlights

During the first quarter of 2007, we:

•

Announced three exploration discoveries in deepwater Angola;

•

Announced the Droshky discovery in the Gulf of Mexico;

•

Progressed the Neptune development in deepwater Gulf of Mexico, with first production expected by early 2008;

•

Continued commissioning of the Alvheim/Vilje project in Norway;

•

Commenced construction of the Garyville, Louisiana, refinery expansion;

•

Continued construction of the 110 million gallon per year joint venture ethanol facility in Greenville, Ohio; and

•

Continued commissioning activities on the Equatorial Guinea LNG production facility, with first shipment of LNG expected in the second quarter of 2007.

Operational Highlights

During the first quarter of 2007, we:

·                  Announced three exploration discoveries in deepwater Angola;

·                  Announced the Droshky discovery in the Gulf of Mexico;

·                  Progressed the Neptune development in deepwater Gulf of Mexico, with first production expected by early 2008;

·                  Continued commissioning of the Alvheim/Vilje project in Norway;

·                  Commenced construction of the Garyville, Louisiana, refinery expansion;

·                  Continued construction of the 110 million gallon per year joint venture ethanol facility in Greenville, Ohio; and

·                  Continued commissioning activities on the Equatorial Guinea LNG production facility, with first shipment of LNG expected in the second quarter of 2007.