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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.
Marathon Petroleum purchased its original 84,000 bpd Texas City Refinery from Plymouth Oil Company in 1962. What remains operating today is an integrated part of the Galveston Bay Refinery, nicknamed Bay Plant. It was established in 1931 by Republic Oil Refining Company and sold to Plymouth Oil Company in 1957. [2]
The Anacortes Refinery is a petroleum refinery located about 70 miles north of Seattle on March Point (Puget Sound), just outside Anacortes, Washington, United States. The refinery has operated in Anacortes since 1955, and has 425 full-time employees. It has a 120,000 barrels per day (bpd) capacity [1] [2] and is operated by Marathon Petroleum. [3]
In 2011, Marathon completed the corporate spin-off of Marathon Petroleum, distributing a 100% interest to its shareholders. [18] In June 2013, Marathon sold its Angolan oil and gas field to Sinopec for $1.52 billion. [19] In September 2013, Marathon sold a 10% stake in an oil and gas field offshore Angola for $590 million to Sonangol Group. [20]
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.
Chairman and CEO, Marathon Petroleum Gary R. Heminger (born 1952/1953) is an American businessman, and the former chairman and chief executive of Marathon Petroleum , a US-based oil refining, marketing, and pipeline transport company, and a Fortune Global 500 company.
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