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1、2008 Annual ReportMarathon posted another successful yearin 2008,a particularly noteworthy accomplishment amid economic turmoiland extreme volatility in crude oil,naturalgas and other commodity prices.Under a disciplined investment program,the Company witnessed growth across all business segments,in
2、itiated firstproduction from three developments,announced new exploration discoveriesand progressed major projects.Throughoutthe year,Marathon maintained a solidfinancial position and a focus on shareholdervalue enhancement.A detailed review ofMarathon Oil Corporation 2008 resultsstarts on page 18.O
3、il14Letter to Shareholders16Operational Highlights17Financial Highlights182008 Review26Marathon Oil CorporationLeadershipibcCorporate InformationExplorationProductionOil Sands MiningIntegrated GasRefiningMarketingTransportationMarathon08AR2_16BRev1.qxd:Layout 1 2/25/09 9:45 AM Page 1Solid financial
4、position to fund continued growthMore than tripled total riskedresource since 200185 percent of Exploration andProduction segments 2012 estimated production currentlyon streamTop-tier Downstream;more than 1 million barrels per day of crude oil refining capacity;extensive marketing and transportation
5、 systemMarathon Oil Corporation 2008 Annual ReportPage 2Marathon08AR2_16BRev3.qxd:Layout 1 3/4/09 6:43 PM Page 2STRONGMarathon08AR2_16BRev1.qxd:Layout 1 2/25/09 9:45 AM Page 3Marathon Oil Corporation 2008 Annual ReportPage 4Delivering technology solutions to maximize the value of existing assetsMoni
6、toring and selectively investing in emerging technologies in areas such as renewable and alternativefuels,energy efficiency,and carbon capture and storageUsing Marathons patentedEXcapeCompletion Process toincrease reserves and reducecosts and cycle times Marathon08AR2_16BRev1.qxd:Layout 1 2/25/09 9: