Marathon Oil Corporation Announces Increase In Quarterly Dividend

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Apr 28, 2010, 04:03 ET

HOUSTON, April 28 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has approved a 4 percent increase in the quarterly dividend payable on Marathon Oil Corporation common stock, resulting in a new quarterly dividend rate of 25 cents per share. The dividend is payable June 10, 2010, to stockholders of record on May 19, 2010.

With this increase, Marathon continues its track record of growing its quarterly dividend – raising it six times over the last eight years. Since 2002, the Company has increased the quarterly dividend per share, on a split-adjusted basis, by a compound average 10 percent per year.

For more information on Marathon Oil Corporation, visit the Company's website at http://www.marathon.com.

Media Relations Contacts:	Lee Warren	713-296-4103
	John Porretto	713-296-4102

Investor Relations Contacts:	Howard Thill	713-296-4140
	Chris Phillips	713-296-3213