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Marathon-At-A-Glance

On January 13, 2011, Marathon Oil Corporation's Board of Directors announced that it approved moving forward with plans to spin off Marathon's Downstream business, creating two independent, highly focused energy companies.

Marathon Oil Corporation, which will remain based in Houston, Texas, will be a global exploration and production company with a strong portfolio of assets delivering defined growth leveraged to crude oil production with exploration upside. Marathon Oil Corporation currently has principal operations in the United States, Canada, Equatorial Guinea, Norway and the United Kingdom.

Marathon Petroleum Corporation, to be headquartered in Findlay, Ohio, is expected to be the fifth largest U.S. refiner with a top-tier downstream portfolio of strategically aligned assets concentrated mainly in the Midwest, Gulf Coast and Southeast regions of the U.S.