marathon oil 2nd Quarter 2004

Marathon Oil Corporation reported financial results for the second quarter of 2004, with the following key highlights: 1) Net income increased 48% over the second quarter of 2003 to $352 million, driven by strong performance in the downstream segment and higher oil and gas prices. 2) Important milestones were reached in the integrated gas strategy, including reaching a final investment decision on an LNG project in Equatorial Guinea and delivering two LNG cargos under a long-term agreement. 3) Exploration success continued with two significant discoveries made during the quarter offshore Angola and Equatorial Guinea.