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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. It became the largest oil producer in the state. [4]
In 1959, Marathon Oil, then known as the Ohio Oil Company, purchased the chain and in 1962 converted its outlets to the Marathon brand. [9] As self-service fuel became legalized in many states, in May 1975 Marathon decided to use "Speedway" (without the "79", as 87 octane had become the standard at this point) at higher-volume self-service ...
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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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.
It is owned and operated by Marathon Petroleum Corporation. [1] Due to the coal mining industry and the large quantity of petroleum products shipped from the refinery, the Port of Huntington Tri-State is the largest inland port in the United States, with 76.5 million tons shipped in 2007. [2]
MarkWest Energy Partners, L.P., a subsidiary of MPLX LP, [3] is a natural gas gathering, processing and transportation company master limited partnership of the United States. In 1988, the company was founded in Denver, Colorado and grew to be Colorado's 13th largest company. [4] In 2015 it was acquired by MPLX, itself a subsidiary of Marathon ...
A Murphy USA gas station in Ellijay, Georgia, in 2023. Murphy USA is an American corporation based in El Dorado, Arkansas that operates a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013. [2] [3]