For Investors Only: Update on the Marathon Upstream / Downstream Split -- Effective July 1, 2011 -- Dividend Initiated -- Bakken, North Dakota, USA

The original story here, January 13, 2011.

Upstream: Marathon Oil. Stock ticker remains the same: MRO.

Downstream: Marathon Petroleum -- now the nation's 5th largest refiner. One share of the new company (Marathon Petroleum) for every two shares of Marathon Oil. Stock ticker: MPC. Began trading on the NYSE July 1, 2011. Rated a BUY by Citigroup right out of the chute. Initiates dividend of 20 cents, payable September 12, if held on August 19.

Marathon Oil would continue to hold the company's exploration and production business and its Canadian oil sands operations, while Marathon Petroleum Corp would include its six refining plants, pipeline transportation and the Speedway gas station chain.