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Marathon Oil Announces Public Offering Of Senior Notes

HOUSTON, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today that it intends to offer, subject to market and other conditions, two series of senior notes in an underwritten public offering. 

Marathon Oil intends to use the net proceeds of the proposed offering to repay outstanding commercial paper obligations and for general corporate purposes.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBS Securities Inc. and UBS Securities LLC are acting as joint book-running managers for the proposed offering. When available, copies of the preliminary prospectus supplement relating to the offering may be obtained from the underwriters as follows:

Citigroup Global Markets Inc. c/o Broadbridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: 1-800-831-9146 Morgan Stanley & Co. LLC 180 Varick Street New York, NY 10014 Attention: Prospectus Department Phone: 1-866-718-1649
   
J.P. Morgan Securities LLC 383 Madison Avenue New York, NY 10179 Attention: High Grade Syndicate Desk 3rd Floor Phone (collect): 1-212-834-4533 RBS Securities Inc. 600 Washington Boulevard Stamford, CT 06901 Attn: Debt Capital Markets Syndicate Phone: 1-866-884-2071
   
UBS Securities LLC 299 Park Avenue New York, NY 10171 Attention: Prospectus Specialist Phone: 877-827-6444 ext. 561 3884    

The notes will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement.

This press release includes forward-looking statements. Forward-looking statements give Marathon Oil's current expectations or forecasts of future events based on assumptions and estimations that management believes are reasonable given currently available information. Forward-looking statements in this press release relate to, among other things, the offering of the notes and use of proceeds. Information about risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements is available in Marathon Oil's filings with the SEC.

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