Marathon, ExxonMobil Donate Funds to Hurricane Victims

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Marathon, ExxonMobil Donate Funds to Hurricane Victims

HOUSTON -- Residents and business owners attempting to put their lives back together after the devastating blow of Hurricane Ike will receive support from Marathon Oil Corp., which will contribute $1.5 million to the American Red Cross.

The majority of the donation, $1 million, is set aside for Hurricane Ike related efforts, while $500,000 will be put toward Hurricane Gustav efforts. Marathon, which has significant onshore and offshore operations in the Gulf Coast region, including refineries in Texas City, Texas, and Garyville, La., will also provide assistance to employees impacted by the fierce storms.

Ahead of the storm’s landfall on Friday, Clarence Cazalot, Jr., president and CEO of Marathon, said in a statement: "Our thoughts and prayers are with the communities along the Texas and Louisiana Gulf Coast as we brace for Hurricane Ike. While we do not yet know the full extent of the damage this dangerous storm will cause, early predictions of a potentially severe impact to our region have prompted us to come forward with this initial contribution to help ensure our community has the resources necessary to respond to the needs of our neighbors."

In related news, Exxon Mobil Corp. will donate $5 million for disaster relief assistance to the American Red Cross, the United Way, the Salvation Army and the Texas Disaster Relief Fund. Monies will be used to support communities along the Gulf coast.

"Hurricane Ike caused untold damage affecting millions of people, many of whom require the basic essentials—food, water and shelter," Rex W. Tillerson, chairman and chief executive officer, said in a statement. "It is our hope that this donation will provide some relief in affected areas."

ExxonMobil’s donation comes on the heels of its $1.5 million pledge for disaster relief assistance in Louisiana resulting from Hurricane Gustav.

"Our thoughts are with those affected by the storm, including about 25,000 ExxonMobil employees and their families across southern Texas and Louisiana," Tillerson said in a statement. "Our focus now is on the recovery—helping our employees, their families and their communities as they deal with the aftermath of the storm and in planning for a safe resumption of our operations in the region, which are vital to the nation's energy supply."

Houston, which was hammered by the storm, is home to ExxonMobil’s largest employee population of approximately 16,000 employees and 5,500 retirees. The city also serves as the company’s headquarters including six of its ExxonMobil’s operating companies: ExxonMobil Chemical Co. and all five upstream companies: ExxonMobil Development, Exploration, Gas & Power Marketing, Production and Upstream Research.