Marathon petroleum corporation

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States.

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 Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in It became the largest oil producer in the state. After the U. Supreme Court ordered its parent company to break up as a result of the Sherman Anti-Trust Act in , Ohio Oil again became independent. In , the company discovered oil in Texas.

Marathon petroleum corporation

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Since its humble beginnings in , Marathon Petroleum Corporation has evolved and so have Marathon stations. Learn more about us corporately and dive into our dynamic history. Learn More ». MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. Learn More. John D. Corporate headquarters were moved to Findlay, Ohio. Ohio Oil purchased Transcontinental Oil. The deal brought oil and natural gas wells, three refineries, bulk storage plants and filling stations. The Ohio Oil Company was the first to introduce the metal credit plate, the precursor to the credit card, to build loyalty.

Marathon petroleum corporation

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 Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in It became the largest oil producer in the state. After the U. Supreme Court ordered its parent company to break up as a result of the Sherman Anti-Trust Act in , Ohio Oil again became independent. In , the company discovered oil in Texas.

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Prior to the deal, Marathon's traditional marketing territory for decades had been the Midwestern and Southeastern United States , never going further east than the Pittsburgh metropolitan area. November 9, ; 14 years ago Exercised is the value of options exercised during the fiscal year. Archived from the original on September 21, Steel is based. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in Dickinson, North Dakota. Archived from the original on Salt Lake City, Utah. Included in the deal were 18 Exxon stations in the Pittsburgh metropolitan area , significantly boosting Marathon's presence in the Pittsburgh market, where former parent company U. Scores indicate decile rank relative to index or region.

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Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in Marathon closed the Gallup Refinery in [11] and is expected to complete conversion of the Martinez Refinery to a renewable fuels manufacturing facility in Pay is salary, bonuses, etc. Catlettsburg, Kentucky. Operating income. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. Exxon would offset its Pittsburgh losses by taking over the retail contracts of several Shell stations in the area, leaving Shell with a significantly reduced presence, while the Mobil brand was withdrawn from the Northern Panhandle of West Virginia altogether. Salt Lake City, Utah. Pipeline transport Oil refining Marketing. Download as PDF Printable version. Marathon Petroleum's marketing system includes branded locations across the United States , including Marathon branded outlets. Washington, D. Authority control databases.