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The first known US petroleum refiner was Samuel Kier of Pittsburgh, who in the 1850s produced an illuminating oil for miners' lamps. American petroleum refining largely grew out of oil shale refining. When the Drake Well started producing in 1859, the oil shale industry was growing rapidly, and establishing refineries near cannel coal deposits ...
US energy consumption, by source, 1776–2024. Vertical axis is in quadrillion BTU. Petroleum has been a major industry in the United States since the 1859 Pennsylvania oil rush around Titusville, Pennsylvania. Commonly characterized as "Big Oil", the industry includes exploration, production, refining, transportation, and marketing of oil and ...
The firm employs 122,000 people in 60 countries, with about half of its business in the United States. [6] [5] [9] The company was founded by its namesake, Fred C. Koch, in 1940 after he developed an innovative crude oil refining process. [10] Fred C. Koch died in 1967 and his majority interest in the company was split amongst his four sons.
Shell Oil Company (1997–2017) Saudi Aramco (1997–present) Website. motiva.com. Motiva Enterprises, LLC is an American company that operates as a wholly owned US subsidiary of Saudi Aramco. Headquartered in Houston, Texas, it had revenue of $37 Billion. [5] Motiva operates as a distributor of Shell and 76 branded gasolines within its ...
Phillips 66 owns 13 refineries with a net crude oil capacity of 2.2 million barrels per day (350 × 10 ^ 3 m 3 /d), 10,000 branded marketing outlets, and 15,000 miles (24,000 km) of pipelines. It has 50 percent stake in DCP Midstream, LLC, a natural gas gatherers and processors with 7.2 billion cubic feet per day (200 × 10 ^ 6 m 3 /d) of ...
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 traces its origin from a number of small oil companies in Ohio that banded together in 1887. [4]
The company's oil and gas operations are concentrated in two geographic areas: the United States and the Middle East, with some ventures in South America. As of December 31, 2020, Occidental had 2.911 billion barrels of oil equivalent (1.781 × 10 10 GJ) of oil equivalent net proved reserves, of which 51% was petroleum, 19% was natural gas ...
Shell Oil Company was a 50/50 partner with the Saudi Arabian government-owned oil company Saudi Aramco in Motiva Enterprises, a refining and marketing joint venture which owns and operates three oil refineries on the Gulf Coast of the United States. However, Shell is currently divesting its interest in Motiva. [10]