1、Marathon Oil Corporation2004 Annual ReportCover:Marathon employees like East Texas/North Louisiana Geologist Eddie Valek are responsible for a year of growth andaccomplishment in 2004,ranging from our increasingly competitive exploration and production business,to advancement of anintegrated gas str
2、ategy and to enhanced growth and profitability in the Companys refining,marketing and transportation sector.The United States Securities and Exchange Commission(SEC)permits oil and gas companies,in their filings with the SEC,to disclose onlyproved reserves.In this summary annual report wrap,we use c
3、ertain 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 reserves,resources and other similar terms,which are not yet classified as proved reserves.This summary annual report wrap also contai
4、ns forward-looking statements about Marathons businessincluding,but not limited to,the timing and levels of production,future exploration and drilling activity,reserve or resource additions,a plan fordevelopment and operation of the Alvheim and Vilje fields,an LNG project,the LPG project,the Corrib
5、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.Theinformation related to reserve or resource additions is based on certain assumptions including,among others,presently known ph
6、ysical dataconcerning size and characteristics of reservoirs,economic recoverability,technology development,future drilling success,production experi-ence,and other economic and operating conditions.In accordance with the“safe harbor”provisions of the Private Securities Litigation ReformAct of 1995,