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Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon and ARCO branded outlets. [10] MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and ...
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]
Prior to its acquisition by Marathon Petroleum in 2018, Tesoro was the third-largest independent petroleum refining and marketing company in the United States. The merger between the two companies formed the largest American refiner by capacity and the fifth in the world.
Marathon Petroleum owns the general partner and majority limited partner interest in MPLX LP ... In the fourth quarter, the company returned around $1.6 billion to shareholders, including $1.3 ...
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.
The $23 billion Andeavor deal gave Marathon a coast-to-coast refining network. UPDATE 4-Marathon Petroleum to change CEO, split company after hedge fund campaign Skip to main content
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
On October 31, Marathon Petroleum has announced the plans of spinning off Speedway into an independent company. [ 32 ] In May 2020, as many as 30 Speedway store locations were damaged by looting and rioting during the George Floyd protests in Minneapolis–Saint Paul , with nine locations suffering extensive arson damage .