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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.
Workers at Marathon Petroleum's Detroit refinery have voted to authorize a possible strike. The 273 members of Teamsters Local 283 who work at the refinery voted 95% in favor of strike ...
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.
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]
The 2021 St. Paul Park refinery strike was a labor dispute in St. Paul Park, Minnesota, United States.The strike, involving approximately 200 workers, took place at an oil refinery owned by Marathon Petroleum and began on January 21, 2021, with members of Local 120 of the International Brotherhood of Teamsters alleging unfair labor practices and unsafe working conditions.
Marathon Oil plans to cut its long-term debt by about $2.5 billion before the spinoff, while Marathon Petroleum will start life with a cash balance of $750 million and as much as $3 billion in ...
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