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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. [4] These formed The Ohio Oil Company established in Lima, Ohio.
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
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 (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 ...
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. Wall ...
The Marathon Martinez Renewable Fuels Facility is located in the San Francisco Bay Area in an unincorporated area known as Avon, East of Martinez, California. It refines biobased feedstocks such as animal fat, soybean oil and corn oil into renewable diesel. Previously owned by Tidewater Petroleum, Tosco, Valero Energy, Tesoro and Marathon ...
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The remaining 15% of California's natural gas is produced in-state, both off-shore and onshore. Natural gas-fired electricity generator plants have been the dominant use of natural gas California for many years. Natural gas is a dispatchable resource that fills in the gaps from other electrical resources when peak power loads are needed.