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Marathon Petroleum split from Marathon Oil in 2011 with Marathon Petroleum taking control of the corporation's refineries. They're separate companies. State Rep. Brooks Landgraf, R-Odessa, said ...
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]
Marathon Oil (MRO), the biggest refiner in the midwestern U.S., on Thursday announced it will split into two companies: One specializing in oil exploration and production, and the other -- called ...
As per the agreement, Marathon Oil shareholders will receive 0.2550 ConocoPhillips shares for each share of Marathon Oil they hold. The acquisition price represents a 14.7% premium to the closing ...
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.
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 ...
This lasted until 2001, when U.S. Steel (then known as USX Corporation) divested from Marathon. [23] 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]
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