Marathon petroleum corporation

Marathon Petroleum Corporation, together with its subsidiaries, marathon petroleum corporation, operates as an integrated downstream energy company primarily in the United States. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under marathon petroleum corporation ARCO brand.

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.

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.

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.

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February January 19, Securities and Exchange Commission. October 1, Scores indicate decile rank relative to index or region. Marathon Petroleum headquarters in Findlay, Ohio. August 3, Several years later, Ohio Oil acquired Transcontinental Oil, which — in addition to refineries, storage facilities, and filling stations — the Marathon product name. Net income. About Our Ads Sitemap. Retrieved MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. Following its acquisition of Andeavor on October 1, , Marathon Petroleum became the largest petroleum refinery operator in the United States , with 16 refineries and over 3 million barrels per calendar day of refining capacity. In , Marathon purchased numerous assets from BP including a , barrel per calendar day refinery in Texas City, Texas , four light product distribution terminals, and retail marketing contracts for 1, retail stations throughout the southeastern United States. New York: Vault Inc.

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Securities and Exchange Commission. Petroleum Petrochemicals Fuel. Retrieved 23 May October 6, Surma , Chairman Michael J. February 1, Market open. In , it adopted its current slogan, "Fueling the American Spirit" as the company shifts emphasis on work ethic and the contributions of its employees. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in Dickinson, North Dakota. Marathon Petroleum Corporation was founded in and is headquartered in Findlay, Ohio.