marathon oil 3rd Quarter 2003

- Marathon Oil Corporation reported third quarter 2003 net income of $281 million, up significantly from $87 million in third quarter 2002. - Exploration success included discoveries offshore Angola, Equatorial Guinea, Gulf of Mexico and Norway. Production from new fields in the UK and Alaska began. - Refining throughput reached record levels at Marathon Ashland Petroleum (MAP) facilities. The Cardinal Pipeline and Catlettsburg refinery project advanced. - Asset sales totaled nearly $1 billion year-to-date, with proceeds reinvested in new acquisitions and operations. Organizational changes aimed to increase efficiency and savings.