UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported):
June 1, 2000
USX Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-5153 25-0996816
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
600 Grant Street, Pittsburgh, PA 15219-4776
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(Address of principal executive offices) (Zip Code)
(412) 433-1121
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(Registrant's telephone number,
including area code)
<PAGE> 2
Item 5. Other Events
Effective June 1, 2000, Marathon Sakhalin Limited, a subsidiary of Marathon Oil
Company, which is part of the USX-Marathon Group, a unit of USX Corporation, has
signed a nonbinding letter of intent with Shell Sakhalin Holdings B.V. to
transfer Marathon's 37.5 percent interest in Sakhalin Energy Investment Company
Ltd. to Shell. In exchange, Marathon will acquire all of Shell UK Ltd's
interest in the Foinaven field and associated infrastructure located in the
Atlantic Margin west of the Shetland Islands in the UK and a 3.5 percent
overriding royalty on production from eight blocks in the Gulf of Mexico. The
signing of definitive agreements is expected in September with the actual
handover of operations scheduled to take place in the fourth quarter of this
year. A copy of the press release announcing the transaction is attached.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1. USX Press Release
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
USX CORPORATION
By /s/ Larry G. Schultz
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Larry G. Schultz
Vice President - Accounting
Dated: June 1, 2000
