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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
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]
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.
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]
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 ...
Marathon Petroleum U Save Automatic (also known as USA Gasoline or USA Petroleum ) is an American oil company which operates in the United States . It was founded as Skypower Gasoline by Peter Moller and his sons Poul, Finn and John and changed the name to USA Gasoline in 1968.
Marathon Oil and Gas (MRO) looks attractive at a growing dividend yield (1.08%) and share buyback play. Marathon has been raising its quarterly dividends by 0.01 each quarter and will likely keep ...
U.S. officials on Thursday announced a $241 million settlement with Marathon Oil over alleged air pollution violations at dozens of the company's oil and gas facilities on a North Dakota Indian ...