EX-25.1 6 ex251-20230105s3.htm EX-25.1 Document
Exhibit 25.1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           |__|
___________________________
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)
333 South Hope Street
Suite 2525
Los Angeles, California
(Address of principal executive offices)


90071
(Zip code)
___________________________
MARATHON OIL CORPORATION
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
25-0996816
(I.R.S. employer
identification no.)
990 Town and Country Boulevard
Houston, Texas
(Address of principal executive offices)

77024-2217
(Zip code)
___________________________

Senior Debt Securities
(Title of the indenture securities)
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1.    General information. Furnish the following information as to the trustee:
(a)    Name and address of each examining or supervising authority to which it is subject.
Name
Address
Comptroller of the Currency
United States Department of the Treasury
Washington, DC 20219
Federal Reserve Bank
San Francisco, CA 94105
Federal Deposit Insurance Corporation
Washington, DC 20429
(b)    Whether it is authorized to exercise corporate trust powers.
Yes.
2.    Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
16.    List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act").
1.    A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).
2.    A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No.
333-121948).
3.     A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No.
333-152875).

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4.    A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).
6.    The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).
7.    A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

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SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Houston, and State of Texas, on the 13th day of December, 2022.
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By: /s/ April Bradley    
Name: April Bradley
Title: Vice President
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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 333 South Hope Street, Suite 2525, Los Angeles, CA 90071

    At the close of business September 30, 2022, published in accordance with Federal regulatory authority instructions.


             Dollar amounts
                 in thousands

ASSETS
Cash and balances due from
depository institutions:
Noninterest-bearing balances and currency and coin52,916
Interest-bearing balances444,180
Securities:
Held-to-maturity securities0
Available-for-sale debt securities511
Equity securities with readily determinable fair values not held for trading0
Federal funds sold and securities
purchased under agreements to resell:
Federal funds sold in domestic offices0
Securities purchased under agreements to resell0
Loans and lease financing receivables:
Loans and leases held for sale0
Loans and leases, held for investment ……………………… 0
LESS: Allowance for loan and
Lease losses ……………………………………………… 0
Loans and leases held for investment,
              
net of allowance …………………………………………… 0
Trading assets0
Premises and fixed assets (including capitalized leases)16,545
Other real estate owned0
Investments in unconsolidated subsidiaries and associated companies0
Direct and indirect investments in real estate ventures0
Intangible assets856,313
Other assets116,850
Total assets$1,487,315 






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LIABILITIES
Deposits:
       In domestic offices1,354
Noninterest-bearing …………………………1,354
Interest-bearing ……………………………………0
       
Federal funds purchased and securities
sold under agreements to repurchase:
Federal funds purchased in domestic offices0
Securities sold under agreements to repurchase0
Trading liabilities0
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)0
Not applicable
Not applicable
Subordinated notes and debentures0
Other liabilities269,752
Total liabilities271,106
Not applicable
EQUITY CAPITAL
Perpetual preferred stock and related surplus0
Common stock1,000
Surplus (exclude all surplus related to preferred stock)325,202
Not available
   Retained earnings890,016
   Accumulated other comprehensive income-9
Other equity capital components0
Not available
    Total bank equity capital1,216,209
    Noncontrolling (minority) interests in consolidated subsidiaries0
Total equity capital1,216,209
Total liabilities and equity capital$1,487,315 

    I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

    Matthew J. McNulty     )    CFO


    We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

    Antonio I. Portuondo, President     )
    Michael P. Scott, Managing Director    )    Directors (Trustees)
    Kevin P. Caffrey, Managing Director    )                                
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