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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 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]
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
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 $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
Speedway and SuperAmerica became unrelated chains until seven years later, when Marathon bought Andeavor, who owns SuperAmerica's parent company Western Refining. Following the separation of Marathon's upstream and downstream operations in 2011, Speedway remained a part of Marathon's downstream operations.
Esso – supplies approximately 2000 stations across Canada owned by various companies that use the Esso name under license from Imperial Oil, which is majority-owned by Exxon; Federated Co-operatives [1] – Refine and supply 386 service stations in their network of independent co-operatives.