Marathon Oil (NYSE: MRO) announced that the company's board of directors has approved
a five cent, or 18 percent, per share increase in the quarterly dividend
payable on Marathon Oil Corporation Common Stock, resulting in a new quarterly
dividend rate of 33 cents per share. Since July 2003 the company has
increased the quarterly dividend three times resulting in a 43 percent
increase during this period.
The dividend is payable September 12, 2005, to stockholders of record at
the close of business on August 17, 2005.