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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. A Marathon gas station in Murphy, North Carolina
A SuperAmerica gas station in Saint Paul, Minnesota (2017) In 2004 Marathon bought out Ashland's share. In February 2011, Marathon sold its SuperAmerica stores along with the Marathon refinery in St. Paul Park, Minnesota to Northern Tier Energy, a newly formed company backed by the private equity firms ACON Investments and TPG Capital. [7]
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]
The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to quash travel and smother demand for gasoline and jet fuel. Wall ...
To settle antitrust concerns with the Federal Trade Commission, Pilot sold 20 Pilot Travel Centers locations and six Flying J locations to Love's Travel Stops & Country Stores on June 30, 2010. [15] The merger left the combined company with over 550 locations in 44 U.S. states and six Canadian provinces . [ 16 ]
Tesoro's retail-marketing system included approx. 3,000 branded retail gas stations, of which more than 595 were company-operated under its own Tesoro brandname, as well as Shell, ExxonMobil, ARCO, and USA Gasoline brands. Tesoro, known at the time as Andeavor, was acquired by Marathon Petroleum on October 1, 2018.
Stations acquired in the Cheker deal included former Enco stations that Cheker acquired after they were sold off by Exxon in 1977. [11] Legally, Marathon's convenience store business was known as Emro Marketing Company during this period, [12] getting its name from placing an "E" in front of Marathon Oil's ticker symbol, MRO. Speedway adopted ...
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