Marathon petroleum corp

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

Powered by. All the data and insights you need on Marathon Petroleum Corp in one report. Marathon Petroleum Corp MPC is a downstream energy company that refines, markets and transports petroleum products. With a number of convenience stores, MPC offers gasoline and a variety of products. An integrated system provides crude oil, feedstock, and petroleum-related products through a distribution network in the Midwest, East Coast, Southeast and Gulf Coast regions in the US. The company also has interests in gas processing plants, natural gas liquid NGL fractionation facilities and a condensate stabilization facility.

Marathon petroleum corp

Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered at Town and Country Boulevard in Houston, Texas. The company is ranked th on the Fortune [2] and th on the Forbes Global As of December 31, , the company had million barrels of oil equivalent 5. Rockefeller 's Standard Oil. It remained a part of Standard Oil until Standard Oil was broken up in In , the company changed its name to "Marathon Oil Company". In , Mobil made a hostile takeover offer to buy the company. A legal battle ensued thereafter. In , the headquarters was moved to Houston, Texas , but the company's refining subsidiary maintained its headquarters in Findlay, Ohio. In , Marathon purchased the U. In , Marathon sold its Canadian operations to Husky Energy. The project includes distribution of insecticide nets, indoor residual spraying and larval source management, preventive therapy for pregnant women and malaria case management, and investment in a possible malaria vaccine. According to a study, the company was responsible for 0.

Several years later, Ohio Oil acquired Transcontinental Oil, which — in addition to refineries, storage facilities, and filling stations — the Marathon product name.

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Marathon Petroleum Corp. Adjustments are shown in the accompanying release tables. This decrease was primarily driven by lower energy costs. The results were primarily driven by higher rates, growth from equity affiliates, and higher total throughputs, partially offset by lower natural gas liquids prices. These have been excluded from the company's adjusted results. The dividend is payable December 11, to shareholders of record on November 16 , Pretreatment capabilities are increasing through the second half of , and the facility is expected to produce million gallons per year by the end of MPC's Midstream segment remains focused on executing the strategic priorities of strict capital discipline, fostering a low-cost culture, and optimizing the portfolio. At a. ET today, MPC will hold a conference call and webcast to discuss the reported results and provide an update on company operations.

Marathon petroleum corp

As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Marathon Petroleum Corp's dividend performance and assess its sustainability. Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2. Its Dickinson, North Dakota, facility produces million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX. Marathon Petroleum Corp has maintained a consistent dividend payment record since , distributing dividends on a quarterly basis. As a dividend achiever, the company has increased its dividend each year for at least the past 13 years, reflecting a strong commitment to returning value to shareholders. Below is a chart showing annual Dividends Per Share to track historical trends.

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Donnell, II, — Harold D. July 31, Marathon Petroleum Corporation. Whitehead, CFO. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in Lee M. American City Business Journals. United States. Traded as. London: Academic Press. Archived from the original on Before the deal, Marathon had a much smaller presence in Western Pennsylvania , while having a somewhat larger presence in West Virginia and an almost ubiquitous presence in Southern Ohio. In , Marathon sold its Canadian operations to Husky Energy.

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio.

Most of Tri-State's stations before the deal were ExxonMobil -branded stations, the majority Exxon as well as a few scattered Mobil stations in the immediate Wheeling area. Retrieved 31 October Hoopman, — William E. Martinez Refinery [11] [12]. American company engaged in hydrocarbon exploration headquartered in Houston, Texas. Industry Energy and Utilities. The deal was anticipated to close in early pending regulatory approval. Several years later, Ohio Oil acquired Transcontinental Oil, which — in addition to refineries, storage facilities, and filling stations — the Marathon product name. Retrieved 30 April Steel is based. Standard Oil Company, Inc. Retrieved Retrieved September 6,