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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.
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]
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 Corporation (NYSE:MPC) shares are trading higher after its third-quarter results. Total revenues and other income of $35.4 billion topped the consensus of $32.8 billion.
Marathon Petroleum (NYSE: MPC) Q3 2024 Earnings Call Nov 05, 2024, 11:00 a.m. ET. Contents: ... we do have a company that's going to be closed in one of their units in January. They've pretty much ...
Bates Oil — Ireland; Bemol — Moldova; Best — Norway; Bharat Petroleum — India; BP (advertising tagline "Beyond Petroleum"; initials stood for British Petroleum, but with the merger of Amoco in 1998, BP is the actual corporate name) Amoco — United States, was used as a fuel grade until BP brought it back as a fuel brand in 2017
Marathon Petroleum Corp. is seeking to renew for another 10 years the Texas air permit regulating pollution from much of its large oil refinery dominating the landscape in East-Central El Paso.