marathon oil 3rd Quarter 2007

Marathon Oil Corporation reported third quarter 2007 results, with net income of $1.021 billion compared to $1.623 billion in third quarter 2006. Earnings were impacted by a challenging quarter for downstream segments as increased crude costs compressed margins. Despite near-term volatility, Marathon is making investments in profitable long-term growth opportunities such as Canadian oil sands and refinery upgrades. Marathon also acquired additional oil sands leases and expects production from the assets to grow significantly in coming years.