Marathon Oil (MRO)

Welcome to Marathon Oil Corporation’s third quarter 2007 earnings Web cast and conference call. As a reminder for telephone participants, you can find the synchronized slides that accompany this call on our website www.Marathon.com.

With us on the call today, are Clarence Cazalot, president and CEO, Janet Clark, executive vice president and CFO, Gary Heminger, Marathon executive vice president and president of our Refining, Marketing and Transportation organization, Phil Behrman, senior vice president Worldwide Exploration, Steve Hinchman, senior vice president Worldwide Production, and Garry Peiffer, senior vice president of finance and commercial services downstream.

Slide 2 contains the Forward Looking Statement and other information related to this presentation. Our remarks and answers to questions today will contain certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

In accordance with 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, 2006, and subsequent Forms 8-K and 10-Q, cautionary language identifying important factors, but not necessarily all factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements.