2336:
780:, an independent refinery and oil company based in the Western United States, for $ 23 billion. Marathon will acquire all of Andeavor's outstanding shares. On October 1, 2018, the merger was completed. This merger brings the SuperAmerica convenience stores back to Speedway. On October 31, 2019, Marathon announced plans to spin off their Speedway convenience stores. Gary Heminger will also retire from his role as Marathon Chairman and CEO. The deal also had the effect of introducing the Marathon brand name at stations in the
45:
822:
54:
389:
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317:
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in 1911, Ohio Oil again became independent. It expanded its operations by purchasing oil fields outside of Ohio. The company also started oil refining. In 1924, the company discovered oil in Texas. In the same year, it acquired
Lincoln Oil Refining Company. This purchase included a refinery and 17
610:, Marathon Ashland adopted the marketing slogan "An American Company Serving America", with the slogan being adjourned to Marathon gas pumps. In 2006, it adopted its current slogan, "Fueling the American Spirit" as the company shifts emphasis on work ethic and the contributions of its employees.
547:
branded outlets. 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.
474:
Marathon
Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. These formed The Ohio Oil Company established in Lima, Ohio. It became the largest oil producer in the state. By 1889, the company was acquired by the
2266:
2106:
2055:
568:
The predecessor company of
Marathon Petroleum Corporation, Marathon Petroleum Company LLC, formerly known as Marathon Ashland Petroleum LLC, was formed by the merger of the refining operations of
2263:
1127:
retail chain included approximately 4,000 retail outlets, and was the second largest chain of company-owned and operated retail gasoline and convenience stores in the United States.
1145:
In 2021 Marathon completed the conversion of the
Dickinson Refinery to a renewable diesel (Biodiesel) facility with a capacity of 184 million gallons per year (~12,000 bpcd).
2418:
768:, injured three contract workers, resulting in a lawsuit seeking $ 1 million in damages. Multiple lawsuits were filed resulting in Marathon paying $ 86 million to settle.
1852:
1826:
1574:
Innovation
Dynamics and Policy in the Energy Sector: Building Global Energy Markets, Institutions, Public Policy, Technology and Culture on the Texan Innovation Example
507:. Several years later, Ohio Oil acquired Transcontinental Oil, which – in addition to refineries, storage facilities, and filling stations – the Marathon product name.
1892:
2438:
1804:
2155:
639:, along with associated terminals, pipelines, and inventory as well as 166 SuperAmerica convenience stores to Northern Tier Energy for $ 900 million.
580:
trust, as
Ashland had acquired several smaller Standard spinoffs while Marathon itself was directly owned by Standard Oil. It also brought Marathon's
1598:"Marathon Petroleum Corp. Announces Successful Completion Of Andeavor Combination, Creating The Leading US Refining, Midstream And Marketing Company"
2248:
2408:
1441:
725:, four light product distribution terminals, and retail marketing contracts for 1,200 retail stations throughout the southeastern United States.
2443:
2423:
2413:
1963:
2030:
2005:
1987:
1597:
2383:
1708:
We Are What We Sell: How
Advertising Shapes American Life. . . And Always Has : How Advertising Shapes American Life. . . and Always Has
2393:
901:
2132:
522:, with 16 refineries and over 3 million barrels per calendar day of refining capacity. Marathon Petroleum ranked No. 41 on the 2018
1470:
1402:
452:
17:
799:
for $ 21 billion. The deal was anticipated to close in early 2021 pending regulatory approval. The deal closed on May 14, 2021.
1937:
1856:
1830:
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1715:
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for the first time and making
Marathon a national brand name for the first time, as well as giving Marathon ownership of the
2428:
1786:
1748:
1462:
1878:
699:
1678:
698:
stations in the area, leaving Shell with a significantly reduced presence, while the Mobil brand was withdrawn from the
2388:
1082:
pipelines as well as related transportation and distribution assets such as railcars, barges, and processing terminals.
495:
309:
1523:
2078:
1770:"Marathon Signs Definitive Agreements With ACON Investments and TPG Capital For Sale Of Minnesota Downstream Assets"
2398:
2226:
744:
and north of
Pennsylvania. Prior to the deal, Marathon's traditional marketing territory for decades had been the
1622:
618:
2212:
1912:
2190:
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753:
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for $ 2.82 billion. The deal also introduced the
Marathon brand name at stations for the first time in the
683:
266:
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212:
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1090:
749:
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On June 30, 2011, Marathon Oil distributed all of its shares in the company to its shareholders via a
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745:
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is based. (Exxon would offset its Pittsburgh losses by taking over the retail contracts of several
636:
1106:
655:
622:
89:
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2009:
1991:
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935:
888:
484:
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Marathon Petroleum to Proceed with Conversion of Martinez Refinery to Renewable Fuels Facility
2107:"Japan's Seven & i seals $ 21 billion deal for Marathon Petroleum's Speedway gas stations"
2448:
1149:
1128:
883:
854:
792:
781:
741:
499:
1964:"Marathon-Andeavor merger checks the boxes where it counts: Texas, Mexico and the high seas"
811:
13 refineries with a total crude oil throughput of 2,950,000 barrels per calendar day (bpcd)
682:
stations in the immediate Wheeling area. Included in the deal were 18 Exxon stations in the
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958:
703:
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295:
8:
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992:
953:
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530:
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483:. In 1906, the company built its first oil pipeline, which connected its facilities in
468:
107:
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manufacturing facility with a capacity of 730 million gallons per year (47,500 bpcd).
940:
906:
765:
722:
695:
588:
2291:
1484:
1153:
733:
711:
581:
381:
2156:"Marathon Petroleum to Sell Gas-Station Chain to 7-Eleven Owners for $ 21 Billion"
1651:
1070:
Leasehold or ownership interests in approximately 8,400 miles (13,500 km) of
556:
Marathon Petroleum Corporation was formed on November 9, 2009, as a subsidiary of
536:, Marathon Petroleum was ranked as the 197th-largest public company in the world.
2270:
2079:"Marathon Is Selling Speedway Gas Stations to 7-Eleven's Parent for $ 21 Billion"
1545:"Marathon Oil Company | Oil & Gas, Exploration & Production | Britannica"
1139:
1086:
1005:
488:
2056:"Marathon Petroleum Corp. Announces Agreement for $ 21 Billion Sale of Speedway"
2283:
922:
603:
414:
119:
75:
44:
2295:
2372:
2167:
976:
821:
732:, a now-former subsidiary of the company, purchased the retail operations of
667:
540:
529:
list of the largest United States corporations by total revenue. In the 2020
519:
480:
460:
456:
235:
202:
156:
83:
64:
2341:
1879:"Marathon Petroleum sued in Texas court over Jan. 11 refinery fire: lawyers"
628:
In 2009, the company completed a $ 3.9 billion expansion of its refinery in
539:
Marathon Petroleum's marketing system includes branded locations across the
53:
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870:
796:
729:
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663:
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585:
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573:
569:
557:
476:
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419:
271:
127:
59:
31:
1075:
706:, while having a somewhat larger presence in West Virginia and an almost
670:
to the Marathon brand. Most of Tri-State's stations before the deal were
591:
chains together and were subsequently merged as "Speedway SuperAmerica".
523:
1135:, acquired the chain in 2020 and the sale was completed on May 14, 2021.
1264:
1110:
691:
687:
671:
333:
123:
97:
2360:
1630:
817:
2 Renewable Fuel Pretreatment Facilities and a Soy Processing Facility
702:
altogether.) Before the deal, Marathon had a much smaller presence in
658:-based Tri-State Petroleum signed a contract to switch 50 stations in
93:
2329:
1913:"Marathon creates the top US refiner with $ 23 billion Andeavor deal"
1102:
1098:
1071:
771:
621:
assets and exited the retail business. In 2006, Marathon began using
431:
276:
230:
1938:"Marathon Petroleum Corporation – Investor Relations – News Release"
1893:"Marathon Petroleum to pay 86 million to settle Texas fire lawsuits"
1132:
814:
2 Renewable Fuels Facilities producing 914 million gallons per year
777:
511:
255:
Total rated crude oil refining capacity: 3,067,000 BPCD (2020)
240:
206:
632:, that increased the plant's capacity by 180,000 barrels per day.
27:
American petroleum refining, marketing, and transportation company
2110:
1218:
504:
1827:"Purchase of BP's Texas City Refinery and Related Assets Closes"
635:
In 2010, the company sold its 74,000 barrel-per-day refinery in
576:
in 1998. The merger brought together several descendants of the
1853:"Purchase of Hess' Retail Operations and Related Assets Closes"
1656:
1463:"Marathon Petroleum Corporation 2017 Annual Report (Form 10-K)"
1310:
2191:"Marathon Petroleum & 7-Eleven Close Speedway Acquisition"
679:
675:
599:
357:
642:
2213:"Refining Operations | Marathon Petroleum Corporation"
785:
659:
544:
514:
on October 1, 2018, Marathon Petroleum became the largest
498:
ordered its parent company to break up as a result of the
2249:
Marathon Petroleum Won’t Restart Two Idled Oil Refineries
216:
721:
including a 451,000 barrel per calendar day refinery in
718:
613:
In 2005, the company became a 100% owned subsidiary of
607:
2273:
marathonmartinezrenewables.com, retrieved 20 July 2021
2259:
2257:
1805:"Gas station operator converting 18 to Marathon brand"
2031:"Press Release | Marathon Petroleum Corporation"
2006:"Press Release | Marathon Petroleum Corporation"
2419:
Non-renewable resource companies established in 1998
2133:"7-Eleven Outlines Benefits of Speedway Acquisition"
1101:
assets related to the transportation and storage of
686:, significantly boosting Marathon's presence in the
2254:
1735:"Our History | Marathon Petroleum Corporation"
1485:"An Enduring Relationship with the American Driver"
1442:"Marathon Petroleum Corporation 2022 Annual Report"
2227:"Ranking the Top 40 C-Store Chains: A 2019 Update"
1148:In 2023 Marathon completed the conversion of the
772:2018 acquisition of Andeavor, sale of Speedway LLC
479:and six years later its headquarters was moved to
764:In 2016, a fire at the Galveston Bay refinery in
717:In 2013, Marathon purchased numerous assets from
2370:
2105:Ando, Ritsuko; Singh, Kanishka (2 August 2020).
1988:"Marathon Petroleum Corporation – Press Release"
1706:Coombs, Danielle Sarver; Batchelor, Bob (2014).
1516:Vault Guide to the Top Energy Industry Employers
455:refining, marketing, and transportation company
2439:Companies listed on the New York Stock Exchange
2058:. Marathon Petroleum Corporation. 2 August 2020
1705:
1623:"Fortune 500 Companies 2018: Who Made the List"
463:. The company was a wholly owned subsidiary of
2185:
2183:
1695:. Washington, D.C.: USGPO. 2000. p. 75.2.
1961:
1679:"Marathon Launches New Retail Brand Campaign"
1436:
1434:
1432:
1430:
1428:
1085:A 20.4% interest, including a controlling 2%
1074:pipelines and 5,000 miles (8,050 km) of
1710:. Santa Barbara, CA: ABC-CLIO. p. 329.
2180:
791:On August 2, 2020, Marathon announced that
2334:
2251:bloomberg.com, retrieved 28 September 2020
2130:
1729:
1727:
1425:
776:On April 30, 2018, Marathon agreed to buy
52:
2244:
2242:
2240:
2104:
643:Post-corporate spin-off from Marathon Oil
2284:"Formal Aspects of Financial Statements"
1571:
1063:105,000 barrels per calendar day (bpcd)
1031:253,000 barrels per calendar day (bpcd)
997:365,000 barrels per calendar day (bpcd)
963:597,000 barrels per calendar day (bpcd)
945:631,000 barrels per calendar day (bpcd)
927:133,000 barrels per calendar day (bpcd)
911:140,000 barrels per calendar day (bpcd)
893:300,000 barrels per calendar day (bpcd)
875:100,000 barrels per calendar day (bpcd)
859:119,000 barrels per calendar day (bpcd)
820:
176:6,900 independently owned retail outlets
2153:
1724:
1471:U.S. Securities and Exchange Commission
1403:Petroleum refining in the United States
1047:68,000 barrels per calendar day (bpcd)
1015:71,000 barrels per calendar day (bpcd)
981:68,000 barrels per calendar day (bpcd)
14:
2409:American companies established in 1998
2371:
2346:Business data for Marathon Petroleum:
2237:
2076:
1781:
1779:
1749:"Marathon Gasoline with STP Additives"
1576:. London: Academic Press. p. 91.
1513:
563:
2193:. Convenience Store News. 14 May 2021
2444:Economy of the Eastern United States
2424:Retail companies established in 1998
2414:Energy companies established in 1998
2124:
2098:
2070:
2048:
1567:
1565:
1539:
1537:
1535:
1518:. New York: Vault Inc. p. 139.
1509:
1507:
1505:
752:, never going further east than the
690:market, where former parent company
1776:
1455:
1408:Marathon Center for Performing Arts
700:Northern Panhandle of West Virginia
397:Fiscal Year Ended December 31, 2022
373:Fiscal Year Ended December 31, 2022
349:Fiscal Year Ended December 31, 2022
325:Fiscal Year Ended December 31, 2022
301:Fiscal Year Ended December 31, 2022
24:
2384:Oil companies of the United States
2131:Lindenberg, Greg (3 August 2020).
2077:Krauss, Clifford (2 August 2020).
1829:. February 1, 2013. Archived from
25:
2465:
2394:Gas stations in the United States
2321:
1962:DiChristopher, Tom (2018-05-01).
1855:. October 1, 2014. Archived from
1562:
1532:
1502:
1138:Marathon closed the 26,000 bpcd
1129:Seven & i Holdings Co., Ltd.
793:Seven & i Holdings Co., Ltd.
759:
674:-branded stations, the majority
625:-branded additives in its fuel.
388:
387:
364:
363:
340:
339:
316:
315:
290:
289:
43:
2276:
2219:
2205:
2154:Elliott, Rebecca (2020-08-03).
2147:
2023:
1998:
1980:
1955:
1930:
1905:
1885:
1871:
1845:
1819:
1797:
1762:
1741:
1699:
1685:
1671:
440:Footnotes / references
1644:
1615:
1590:
1477:
825:The Marathon Petroleum campus.
449:Marathon Petroleum Corporation
38:Marathon Petroleum Corporation
13:
1:
1418:
1168:Financial data in $ millions
802:
617:, after Ashland sold off its
594:As longtime Marathon rivals
510:Following its acquisition of
179:1,100 direct dealer locations
1572:Holloway, Milton L. (2021).
1089:interest, in MPLX, a public
754:Pittsburgh metropolitan area
684:Pittsburgh metropolitan area
7:
2429:1998 establishments in Ohio
1396:
1161:
678:as well as a few scattered
409:43,800 (December 2017)
10:
2470:
2290:, UVK Verlag, 2019-08-26,
1091:master limited partnership
750:Southeastern United States
738:Northeastern United States
551:
503:brand service stations in
29:
2389:Automotive fuel retailers
2296:10.24053/9783739880143-92
1116:
840:
837:
834:
831:
543:, including Marathon and
438:
426:
413:
403:
379:
355:
331:
307:
285:
259:
249:
223:
196:
186:
167:
151:
133:
113:
103:
81:
71:
51:
42:
1942:ir.marathonpetroleum.com
1514:Turner, Tyya N. (2005).
1059:St. Paul Park, Minnesota
1039:Salt Lake City Refinery
637:St. Paul Park, Minnesota
30:Not to be confused with
2399:Companies based in Ohio
656:Wheeling, West Virginia
18:Marathon Petroleum Corp
936:Galveston Bay Refinery
889:Catlettsburg, Kentucky
826:
500:Sherman Anti-Trust Act
485:Martinsville, Illinois
139:; 14 years ago
1919:. Reuters. 2018-04-30
1859:on September 21, 2017
1833:on September 21, 2017
1449:marathonpetroleum.com
989:Los Angeles Refinery
884:Catlettsburg Refinery
855:Anacortes, Washington
824:
782:Western United States
742:Appalachian Mountains
432:marathonpetroleum.com
211:Michael J. Hennigan (
137:November 9, 2009
98:S&P 500 Component
2288:Financial Statements
1652:"Forbes Global 2000"
1131:, parent company of
1043:Salt Lake City, Utah
1011:Mandan, North Dakota
959:Garyville, Louisiana
704:Western Pennsylvania
630:Garyville, Louisiana
596:Standard Oil of Ohio
2434:Corporate spin-offs
2160:Wall Street Journal
1898:New York Daily News
1881:. January 19, 2016.
1451:. 31 December 2022.
1170:
1080:natural gas liquids
795:would be acquiring
564:Predecessor company
405:Number of employees
169:Number of locations
117:Marathon Oil (1984)
58:Marathon Petroleum
39:
2379:Marathon Petroleum
2269:2022-07-14 at the
2084:The New York Times
1772:. October 6, 2010.
1549:www.britannica.com
1489:Marathon Petroleum
1413:Tesoro Corporation
1166:
1055:St. Paul Refinery
1027:Robinson, Illinois
1023:Robinson Refinery
993:Carson, California
954:Garyville Refinery
850:Anacortes Refinery
827:
649:corporate spin-off
516:petroleum refinery
496:U.S. Supreme Court
477:Standard Oil Trust
469:corporate spin-off
453:American petroleum
267:Pipeline transport
37:
2454:Biofuel producers
2305:978-3-7398-8014-3
1901:. August 3, 2017.
1717:978-0-313-39245-0
1693:Minerals Yearbook
1583:978-0-12-823813-4
1394:
1393:
1150:Martinez Refinery
1067:
1066:
941:Texas City, Texas
919:El Paso Refinery
907:Detroit, Michigan
766:Texas City, Texas
723:Texas City, Texas
602:were acquired by
589:convenience store
446:
445:
251:Production output
16:(Redirected from
2461:
2338:
2333:
2332:
2330:Official website
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2135:. CSP Daily News
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2091:
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2068:
2067:
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2063:
2052:
2046:
2045:
2043:
2042:
2033:. Archived from
2027:
2021:
2020:
2018:
2017:
2008:. Archived from
2002:
1996:
1995:
1990:. Archived from
1984:
1978:
1977:
1975:
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1959:
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1629:. Archived from
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1613:
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1609:
1600:. Archived from
1594:
1588:
1587:
1569:
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1474:
1473:. February 2018.
1459:
1453:
1452:
1446:
1438:
1171:
1165:
902:Detroit Refinery
867:Canton Refinery
829:
828:
734:Hess Corporation
518:operator in the
434:
394:
391:
390:
384:
370:
367:
366:
360:
346:
343:
342:
322:
319:
318:
310:Operating income
299:177.41 billion (
298:
293:
292:
147:
145:
140:
56:
47:
40:
36:
21:
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2271:Wayback Machine
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1421:
1399:
1164:
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1154:renewable fuels
1140:Gallup Refinery
1119:
1087:general partner
1006:Mandan Refinery
807:Marathon owns:
805:
774:
762:
645:
566:
554:
489:Preble, Indiana
442:
430:
406:
395:35.09 billion (
392:
380:
368:
356:
347:14.51 billion (
344:
336:
323:19.78 billion (
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245:
210:
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189:
182:
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124:USX Corporation
122:
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67:
62:
35:
28:
23:
22:
15:
12:
11:
5:
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2231:CSP Daily News
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1994:on 2018-10-01.
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1633:on 2019-01-15
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1604:on 2019-04-10
1603:
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461:Findlay, Ohio
458:
457:headquartered
454:
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203:John P. Surma
201:
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154:
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61:
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2449:Marathon Oil
2342:www.mcpa.org
2309:, retrieved
2287:
2278:
2230:
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2195:. Retrieved
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2159:
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1799:
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1592:
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1551:. 2023-08-25
1548:
1515:
1494:September 6,
1492:. Retrieved
1488:
1479:
1466:
1457:
1448:
1167:
1125:Speedway LLC
871:Canton, Ohio
806:
790:
775:
763:
740:east of the
730:Speedway LLC
727:
716:
710:presence in
664:Pennsylvania
653:
646:
634:
627:
615:Marathon Oil
612:
593:
586:SuperAmerica
578:Standard Oil
574:Ashland Inc.
570:Marathon Oil
567:
558:Marathon Oil
555:
538:
531:
524:
509:
493:
473:
465:Marathon Oil
448:
447:
439:
420:Marathon Oil
396:
382:Total equity
372:
358:Total assets
348:
324:
300:
272:Oil refining
152:Headquarters
128:Marathon Oil
114:Predecessors
72:Company type
60:headquarters
32:Marathon Oil
2356:SEC filings
1791:www.sec.gov
1754:27 February
1076:natural gas
841:Throughput
534:Global 2000
188:Area served
2373:Categories
2311:2024-01-11
2173:2020-08-03
2041:2019-10-31
2016:2019-10-31
1973:2018-05-04
1923:2023-06-08
1807:. TribLIVE
1663:31 October
1637:2018-11-10
1608:2018-10-02
1555:2023-09-05
1419:References
1356:Employees
1265:Net Income
1097:and other
1093:that owns
803:Operations
746:Midwestern
708:ubiquitous
692:U.S. Steel
688:Pittsburgh
672:ExxonMobil
619:downstream
494:After the
334:Net income
198:Key people
144:2009-11-09
2168:0099-9660
1811:April 20,
1103:crude oil
1099:midstream
1095:pipelines
1072:petroleum
838:Location
728:In 2014,
471:in 2011.
422:(2009–11)
277:Marketing
231:Petroleum
213:president
192:Worldwide
108:Petroleum
84:Traded as
2267:Archived
2139:4 August
2116:4 August
2090:3 August
2062:3 August
1947:30 April
1863:March 8,
1837:March 8,
1397:See also
1259:177,453
1256:119,983
1250:111,148
1232:100,160
1162:Finances
1142:in 2020.
1133:7-Eleven
797:Speedway
778:Andeavor
606:company
582:Speedway
512:Andeavor
467:until a
260:Services
224:Products
207:chairman
104:Industry
2111:Reuters
1627:Fortune
1467:sec.gov
1384:60,910
1381:60,350
1378:43,800
1375:44,460
1372:45,440
1369:45,340
1366:29,865
1363:25,985
1351:89,904
1348:85,373
1345:85,158
1342:98,556
1339:92,940
1336:49,047
1333:44,413
1330:43,115
1327:30,425
1324:28,385
1321:27,223
1318:25,745
1315:23,232
1305:14,516
1299:-9,826
1253:69,779
1247:86,086
1244:74,733
1241:63,339
1238:72,051
1235:97,817
1229:82,243
1226:78,638
1223:62,487
1219:Revenue
1109::
788:brand.
604:British
552:History
525:Fortune
505:Indiana
481:Findlay
427:Website
286:Revenue
142: (
134:Founded
92::
2361:Yahoo!
2351:Google
2302:
2197:23 May
2166:
1787:"10-K"
1714:
1657:Forbes
1580:
1522:
1311:Assets
1302:9,738
1296:2,637
1293:2,780
1290:3,432
1287:1,174
1284:2,852
1281:2,524
1278:2,108
1275:3,383
1272:2,385
1117:Former
666:, and
532:Forbes
451:is an
415:Parent
215:&
76:Public
1445:(PDF)
1213:2022
1210:2021
1207:2020
1204:2019
1201:2018
1198:2017
1195:2016
1192:2015
1189:2014
1186:2013
1183:2012
1180:2011
1177:2010
1174:Year
1152:to a
835:Name
696:Shell
680:Mobil
676:Exxon
600:Amoco
2300:ISBN
2199:2021
2164:ISSN
2141:2020
2118:2020
2092:2020
2064:2020
1968:CNBC
1949:2018
1917:CNBC
1865:2016
1839:2016
1813:2013
1756:2013
1712:ISBN
1665:2020
1578:ISBN
1520:ISBN
1496:2023
1269:622
1123:The
1111:MPLX
1107:NYSE
1078:and
786:ARCO
748:and
660:Ohio
598:and
572:and
545:ARCO
487:and
393:US$
369:US$
345:US$
321:US$
296:US$
241:Fuel
162:U.S.
90:NYSE
2292:doi
1052:13
1036:12
1020:11
1002:10
623:STP
527:500
459:in
217:CEO
94:MPC
63:in
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.