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Ohio Oil continued to use the Marathon brand, and in 1962, Ohio changed its name to the Marathon Oil Company. In January 1982, Marathon was acquired by U.S. Steel. After the acquisition, the USX Corporation was created to act as the parent of U.S. Steel and Marathon Oil, which operated as divisions. In 2001, USX spun off Marathon under the name ...
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.
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 ...
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space. ...
May 30—ConocoPhillips and Marathon Oil just jumped on the merry-go-round of mergers that the energy industry has seen in recent months with ConocoPhillips having been the last of the major oil ...
Marathon Oil plans to cut its long-term debt by about $2.5 billion before the spinoff, while Marathon Petroleum will start life with a cash balance of $750 million and as much as $3 billion in ...
Keeping with the trend in the 1980s for the Standard Oil spinoffs to establish separate identities, Standard Oil Company of Indiana changed its name to Amoco Corporation in 1985. [6] Amoco merged with British Petroleum in December 1998 to become BP-Amoco. BP-Amoco sold the Mandan Refinery to Tesoro Corporation on September 6, 2001. [7]
Big Oil keeps doing big deals. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt.