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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.
Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher after it reported fourth-quarter results. ... On January 24, the company declared a quarterly dividend of $0.91 per share ...
Dividend investing is a tried-and-true strategy for generating strong, steady returns in economies both good and bad. But as corporate America's slew of dividend cuts and suspensions over the past ...
Image source: The Motley Fool. Marathon Petroleum (NYSE: MPC) Q4 2024 Earnings Call Feb 04, 2025, 11:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
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 company today split in 2012, with upstream operations continuing under the historical Marathon Oil name while downstream and retail operations are handled by Marathon Petroleum. [24] Marathon Petroleum would subsequently acquire Andeavor in 2018 and gain ownership of fellow Standard spinoff ARCO, though ARCO's assets at this point were ...
MPC earnings call for the period ending June 30, 2024.
ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO).The purchase price represents a 14.7% premium to the closing price of ...