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Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Marathon Petroleum. Marathon; Rich Oil Starvin' Marvin's — defunct; ARCO; A McClure Oil gas station in Bennetts Switch, Indiana in 2022. Martin and Bayley; Mariposa Oil- Texas; Maverik Inc — Western US; Maxol — Ireland Estuary; McClure Oil Corporation — United States: Indiana [14] Meijer — Michigan, Ohio, Indiana, Illinois, Kentucky ...
In 2011, Marathon completed the corporate spin-off of Marathon Petroleum, distributing a 100% interest to its shareholders. [18] In June 2013, Marathon sold its Angolan oil and gas field to Sinopec for $1.52 billion. [19] In September 2013, Marathon sold a 10% stake in an oil and gas field offshore Angola for $590 million to Sonangol Group. [20]
Marathon's Detroit refinery has a crude oil refining capacity of 140,000 barrels per day, processing sweet and heavy sour crude oils into products such as gasoline and distillates.
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Marathon Ashland also purchased Total Petroleum of Alma, Michigan, in 1999. [13] The stations, which had been previously owned by Diamond Shamrock, were mostly in the state of Michigan. Most former Total locations were then rebranded to Marathon, Speedway, or Rich. [14] Speedway acquired the 50-unit Welsh Mart chain of Michigan and Indiana in ...
Marathon Petroleum <MPC.N> plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower ...
Today, the expanded facility is the only petroleum refinery in Michigan, and it has a capacity of 140,000 barrels per day and around 540 employees. [23] The refinery received the Energy Star Award in 2007 and 2008 from the Environmental Protection Agency for reducing energy usage and protecting the environment through energy efficiency. [ 24 ]