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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. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. [4] These formed The Ohio Oil Company established in Lima, Ohio.
in 1994, Marvin Jay Caukin, the ex-Director of Finance, was sentenced 33 months in prison for embezzling nearly $2.4 million from the company. 2000s in 2003, USA Petroleum agreed to pay $325,000 to settle a dispute regarding leaking tanks causing groundwater and soil pollution at 10 USA Gasoline stations in Ventura County .
Tesoro Corporation, known briefly as Andeavor, was a Fortune 100 [4] and a Fortune Global 500 company headquartered in San Antonio, Texas, with 2017 annual revenues of $35 billion, and over 14,000 employees worldwide. Based on 2017 revenue, the company ranked No. 90 in the 2018 Fortune 500 list of the largest United States corporations by total ...
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 ...
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 ...
California had 11 gasoline refineries but that number was cut to nine recently when the Marathon refinery in Martinez and Phillips 66's other California refinery in Rodeo, both in Northern ...
RaceTrac — company-owned stores; RaceWay — franchised stores; Red Barn (Gas Barn) — United States, Indiana, was part of Tire Barn, [20] sold to Gas America; Refinor — Argentina (only available in the provinces of Jujuy, Salta, Tucumán, Santiago del Estero and Córdoba) Reitangruppen. Uno-X — Denmark and Norway
In July 2024, Marathon agreed to a $241.5 million settlement with the US Department of Justice and the Environmental Protection Agency to resolve allegations of failing to obtain required permits at dozens of the company's oil and gas facilities on the Fort Berthold Indian Reservation in North Dakota and releasing thousands of tons of illegal air pollution as a result. [30]