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API Names New Chairman

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Marathon Oil Corporation Chairman, President and CEO Clarence P. Cazalot, Jr. has been elected Chairman of the American Petroleum Institute's (API) Board of Directors effective January 1, 2013, for a one-year term. Mr. Cazalot succeeds Chevron President and CEO John S. Watson.

"Clarence Cazalot is one of our industry's ablest and hardworking leaders," said API President and CEO Jack Gerard. "His vision, experience and drive will be major assets in API's public policy work in the coming year. We appreciate John Watson's dedicated service and many contributions over the past year and look forward to working with Clarence in 2013."

Mr. Cazalot joined Marathon Oil in March 2000, following his service as vice president of Texaco Inc. and president of Texaco's Worldwide Production Operations. He began his career in the oil and natural gas industry with Texaco in 1972 where he ultimately held a number of senior executive positions in both U.S. and international operations.

Mr. Cazalot is a native of New Orleans and graduated from Louisiana State University with a bachelor's degree in geology. In May 2007, he was awarded an Honorary Doctorate of Humane Letters from Louisiana State University.

He serves on various corporate and association Boards of Directors including Baker Hughes Incorporated, the American Petroleum Institute and the Greater Houston Partnership. In addition, he is a member of The Business Council and serves on the Advisory Board of the World Affairs Council of Houston and the James A. Baker III Institute for Public Policy. He also serves on the Board of Visitors of the University of Texas M.D. Anderson Cancer Center and the board of the Bipartisan Policy Committee Energy Project.

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