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):
October 19, 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 and Regulation FD Disclosure
On October 19, 2000, USX Corporation reported third quarter earnings
for both the Marathon Group and the U. S. Steel Group. In the
Marathon Group release USX reported that Marathon has signed a
definitive agreement with Shell to transfer its 37.5 percent interest
in Sakhalin Energy Investment Company Ltd. In exchange, Marathon will
receive certain Shell interests in the UK Atlantic Margin area and the
U.S. Gulf of Mexico as well as reimbursement for all Sakhalin project
capital expenditures made by Marathon in 2000. The closing and
transfer of operations are expected to take place in early December.
The increased likelihood of closing this transaction triggers a one-
time, non-cash deferred tax charge of $235 million in the third
quarter.
Attached are copies of the earnings announcements in substantially the form as
released.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1. Marathon Group Earnings Release
99.2. U. S. Steel Group Earnings 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: October 23, 2000
