1、Marathon Oil Corporation2003 Annual ReportMARATHON OIL CORPORATION5555 San Felipe RoadHouston,TX 77056-2723Mar03AR30_L01CVRSv3.qxd 3/5/04 4:14 PM Page 1Cover:Marathons 2003 return to Russia through an acquisition in Western Siberia represents resource potential of more than900 million barrels of oil
2、.The acquisition includes three producing fields along the Left Bank of the Ob River with more than 250 million barrels of proved and probable reserves and six operated,undeveloped fields on the Right Bank that are under appraisal.The United States Securities and Exchange Commission(SEC)permits oil
3、and gas companies,in their filings with the SEC,to disclose onlyproved reserves.In this summary annual report wrap,we use certain terms to refer to reserves other than proved reserves,which the SECsguidelines strictly prohibit us from including in filings with the SEC.These terms include probable re
4、serves,risked reserves,resources,poten-tial resources and other similar terms,which are not yet classified as proved reserves.This summary annual report wrap also contains forward-looking statements about Marathons business including,but not limited to,the timing and levels of production,future expl
5、oration and drillingactivity,reserve or resource additions,the estimated commencement dates of LNG regasification and related facilities,projected earnings pershare,retail sales growth,and cost savings from business process changes.The information related to reserve or resource additions is basedon
6、certain assumptions including,among others,presently known physical data concerning size and characteristics of reservoirs,economicrecoverability,technology development,future drilling success,production experience,and other economic and operating conditions.In accordance with the“Safe Harbor”provis