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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. [3] These formed The Ohio Oil Company established in Lima, Ohio.
in 1994, Marvin Jay Caukin, the ex-Director of Finance, was sentenced 33 months in prison for embezzling nearly $2.4 million from the company. 2000s in 2003, USA Petroleum agreed to pay $325,000 to settle a dispute regarding leaking tanks causing groundwater and soil pollution at 10 USA Gasoline stations in Ventura County .
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]
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips ...
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 ...
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
Bay Area cities have started banning the construction of new gas stations to combat climate change. Some lawmakers hope Los Angeles could join the movement soon. California cities ban new gas ...
TV stations formerly owned by Sinclair Broadcast Group; City of license / Market Station Channel Years owned Current ownership status Anniston, AL: WJSU-TV [ρ] 40: 2014–2015 [o] WGWW; Howard Stirk Holdings: Tuscaloosa, AL: WCFT-TV [ρ] 33: 2014–2015 [o] WSES; Howard Stirk Holdings Stockton–Sacramento, CA: KOVR: 13: 1997–2005: CBS News ...