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| Above: Marathon
employees like East Texas/North Louisiana Geologist Eddie
Valek are responsible for a year of growth and accomplishment
in 2004, ranging from our increasingly competitive exploration
and production business, to advancement of an integrated
gas strategy and to enhanced growth and profitability in
the Company’s refining, marketing and transportation
sector. |
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The United States
Securities and Exchange Commission (SEC) permits oil and gas
companies, in their filings with the SEC, to disclose only proved reserves. In this summary annual report wrap, we use
certain terms to refer to reserves other than proved reserves,
which the SEC’s guidelines strictly prohibit us from including in filings with
the SEC. These terms include reserves, resources and other
similar terms, which are not yet classified as proved reserves. This summary annual
report wrap also contains forward-looking statements about
Marathon’s business including, but not limited to, the timing and levels of production,
future exploration and drilling activity, reserve or resource
additions, a plan for development and operation of the Alvheim and Vilje fields,
an LNG project, the LPG project, the Corrib gas project, the
timing of completion of a refinery improvement project, and the proposed acquisition
of Ashland Inc.’s 38 percent interest in Marathon Ashland
Petroleum LLC. The information related to reserve or resource additions is based
on certain assumptions including, among others, presently known
physical data concerning size and characteristics of reservoirs, economic
recoverability, technology development, future drilling success,
production experience,and other economic and operating conditions.
In accordance with the “safe harbor” provisions
of the Private Securities Litigation Reform Act of 1995, Marathon has included in its attached Form 10-K
for the year ended December 31, 2004, cautionary language identifying
other important factors, though not necessarily all such factors,
that could cause future outcomes to differ materially from
those set forth in the forward-looking statements.
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| Other
Information: In connection
with the proposed transfer to Marathon Oil Corporation by Ashland
Inc. of its interest in Marathon Ashland Petroleum LLC and
other related businesses, each of Marathon, New EXM Inc.
and ATB Holdings Inc. has filed with the U.S. Securities and Exchange Commission
a registration statement on Form S-4 that included a preliminary
proxy statement of Ashland and a prospectus of Marathon,
New EXM and ATB Holdings. Investors and security holders
are urged to read the preliminary proxy statement/prospectus,
which is available now, and the definitive proxy statement/prospectus,
when it becomes available, because it contains and will
contain important information. Investors and security holders
may obtain a free copy of the preliminary proxy statement/prospectus
and the definitive proxy statement/prospectus (when it
is available) and other documents filed by Marathon, Ashland,
New EXM and ATB Holdings with the SEC at the SEC’s
Web site at www.sec.gov.
The definitive proxy statement/prospectus and other documents
filed by Marathon may also be obtained for free from Marathon
by calling Investor Relations at 713-296-4171. |
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