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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.
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]
The Garyville Refinery is the 3rd largest American oil refinery with a nameplate capacity of 597,000 barrels per day (94,900 m 3 /d). The refinery is owned and operated by Marathon Petroleum Corporation. It is located in southeastern Louisiana between New Orleans and Baton Rouge on U.S. Route 61 in Garyville, Louisiana.
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.
Marathon Petroleum Corp. (NYS: MPC) has agreed to purchase BP's (NYS: BP) Texas City, Texas, refinery for a base purchase price of $598 million, plus inventories estimated at $1.2 billion ...
A company spokesperson said the chemical spill and blaze happened due to a storage tank ... A massive fire erupted following a chemical leak at a Marathon Petroleum Corporation refinery in Louisiana.
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]
Marathon Petroleum's strategy to increase refined product exports to the demanding European and Latin American markets should prove to be a master stroke.Savvy oil and gas investors will realize ...