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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.
Ohio Oil continued to use the Marathon brand, and in 1962, Ohio changed its name to the Marathon Oil Company. In January 1982, Marathon was acquired by U.S. Steel. After the acquisition, the USX Corporation was created to act as the parent of U.S. Steel and Marathon Oil, which operated as divisions. In 2001, USX spun off Marathon under the name ...
It is owned and operated by Marathon Petroleum Corporation. [1] Due to the coal mining industry and the large quantity of petroleum products shipped from the refinery, the Port of Huntington Tri-State is the largest inland port in the United States, with 76.5 million tons shipped in 2007. [2]
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO). The purchase price represents a 14.7% premium to the closing price of ...
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips ...
The Galveston Bay Refinery is an oil refinery located in the Texas City, Texas Industrial Complex on the edge of Galveston Bay.It is the largest oil refinery in North America with a capacity of 631,000 barrels per day [1] and has been owned and operated by Marathon Petroleum Corporation since 2013.
Marathon operates the nation's largest refining system, with 3 million barrels per calendar day of crude oil refining capacity across 13 refineries. In 2021, Marathon closed the $21 billion sale ...