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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.
The Marathon Martinez Renewable Fuels Facility is located in the San Francisco Bay Area in an unincorporated area known as Avon, East of Martinez, California. It refines biobased feedstocks such as animal fat, soybean oil and corn oil into renewable diesel. Previously owned by Tidewater Petroleum, Tosco, Valero Energy, Tesoro and Marathon ...
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
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 ...
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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]
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ARCO (brand), a brand of gasoline service stations that is currently owned by Marathon Petroleum in Mexico and parts of the United States; ARCO Chemical, a chemical company formed in 1986 by spinning off a subsidiary from the Atlantic Richfield Company; ARCO Group, a Belgian cooperative holding company