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Marathon Oil began as "The Ohio Oil Company" in 1887. [2] In 1889, the company was purchased by John D. Rockefeller's Standard Oil. It remained a part of Standard Oil until Standard Oil was broken up in 1911. In 1930, The Ohio Oil Company bought the Transcontinental Oil Company, including the "Marathon" brand 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.
Prior to its acquisition by Marathon Petroleum in 2018, Tesoro was the third-largest independent petroleum refining and marketing company in the United States. The merger between the two companies formed the largest American refiner by capacity and the fifth in the world.
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Before completing the spin-off, Marathon Petroleum subsidiary Speedway LLC announced on May 22, 2014, that it would acquire the retail unit of Hess Corp for $2.87 billion. Following the closure of the acquisition in late 2014, it was announced that all Hess gas stations were to be rebranded as Speedway gas stations by the end of 2017, [ 72 ...
The refinery is owned and operated by Marathon Petroleum Corporation. It is located in southeastern Louisiana between New Orleans and Baton Rouge on U.S. Route 61 in Garyville, Louisiana. The facility is the newest major grassroots refinery built in the United States, located on 3,500 acres of land adjacent to the Mississippi River.
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]
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 ...