He has a Bachelor of Arts in economics from North Carolina State University and a Juris Doctor from the University of South Carolina. Robert Alley has been a freelance writer since 2008. Marathon Petroleum said it would buy rival Andeavor for more than $23 billion to form a company that would leapfrog Valero Energy as the largest U.S. refiner by capacity. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Search Jobs. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Rather than create new gas stations, Marathon promotes conversion from other brand names. Marathon Petroleum has the nation's largest refining system and also owns one of the largest convenience store chains in the country, Speedway. As part of its effort Marathon lists 10 reasons to convert on its website. On its website, Marathon states that since 2004 more than 750 local gas stations have switched from other brands to Marathon. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. In addition to supplying natural gas and electricity, Marathon Energy has been delivering liquid fuels including heating oil, gasoline, and diesel to customers for over two decades!. Marathon Oil and Ashland Inc. formed a joint venture named Marathon Ashland Petroleum LLC, which added refineries in Catlettsburg (Kentucky), Canton (Ohio) and St. Paul Park (Minnesota) as well as a private inland barge fleet. Map of Wells Associated with Marathon Oil Company. At Marathon Oil, you’ll be empowered to make a difference on the job, in your career, and in your community. From 1982 to 2001, Marathon was owned by a… Instantly Access Production Data Subscribe now to receive immediate access to Marathon Oil Company oil and gas production between July 1979 and November 2020. hess-station.jpg. Marathon follows a long line of energy companies that are shedding retail networks to focus on making fuel. A one-stop-shop for all of your energy needs. Marathon Petroleum (NYSE: MPC) now controls 16 refineries in the U.S. with a combined throughput capacity of 3 million barrels per day, in addition … From 1982 to 2001, Marathon was owned by and became part of U.S. Steel. Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. For consumers, the stations represent Speedway gas. AdvisorNet Financial Inc now owns 4,500 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 4,000 shares during the period. Knoxville News Sentinel: Unfulfilling Stations. Vanguard Group Inc is the largest individual Marathon Oil Corp shareholder, owning 75.50M shares representing 9.56% of the company. Is Marathon owned by Exxon? Attention Owners: 1099 forms will no longer be available on this site, if you need a 1099 form, please call Marathon Owner Relations team at 888-522-8871 to be mailed a copy of your 1099 form. Getty Images Speedway gas station owner Marathon Petroleum has agreed to sell the chain to 7-Eleven’s parent company. We’re focused on the most significant oil-rich resource plays in the U.S. — the Eagle Ford in Texas, Permian in New Mexico, STACK and SCOOP in Oklahoma, and the Bakken in North Dakota. As of 2009 almost 5,100 gas stations sold Marathon gas under the Marathon name. Login Name: The deal, the biggest in the oil … In 1930, Ohio Oil purchased Transcontinental Oil Company, acquiring with it the rights to the Marathon product name. Marathon Oil is an independent exploration and production (E&P) company based in Houston. Marathon Oil currently pays an annual dividend of 20 cents per share and I believe that the company will suspend its dividend soon. Sustainability. Marathon Oil Corporation traces its beginnings to the Ohio Oil Company, founded in 1887 in northwest Ohio, the leading producer of oil at that time. Funds that own Marathon Oil Corporation also own: Comcast Corporation (CMCSA) NVIDIA … Sustainability Overview What We Report On Marathon Oil at a Glance CEO Message Board Message Stakeholder Map Performance Highlights Report Index Full Report (PDF) Summary Report (PDF) He has covered a variety of subjects, including science and sports, for various websites. Want to be notified whenever an investor makes a significant change to their holdings of Marathon Oil Corporation? The name refers to the battle at Marathon, Greece, in 490 B.C. Marathon Oil could look to acquire either more acreage or another operator: the company recently picked up 18,000 net acres in the Eagle Ford play and has the dry powder for more such deals. Marathon Oil may or may not acquire a competitor in the future. Marathon Oil … The two firms announced the cash deal in … Marathon Oil shareholders will receive annual dividends of 60 cents a share, and Marathon Pete shareholders 80 cents a share. Marathon actively seeks out local ownership as a means of expanding its branded name. A station owner in West Knoxville, Tennessee, advertised the switch with a banner stating "American-owned Marathon.". The company reported a loss during the first quarter as … Sustainability Overview What We Report On Marathon Oil at a Glance CEO Message Board Message Stakeholder Map Performance Highlights Report Index Full Report (PDF) Summary Report (PDF) RockRose Energy has signed a share purchase agreement to buy Marathon Oil UK’s (MOUK) assets as part of a deal worth £107 million. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Other reasons include the value from Marathon's website, its advertising, the recognized brand name and company credit card. 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. In 1930, Ohio Oil purchased Transcontinental Oil Company, acquiring with it the rights to the Marathon product name. At Marathon Oil, you’ll be empowered to make a difference on the job, in your career, and in your community. Sustainability. California State Teachers Retirement System, New York State Teachers Retirement System, Raymond James Financial Services Advisors, State of New Jersey Common Pension Fund D, Robeco Institutional Asset Management B V, BI Asset Management Fondsmaeglerselskab A/S, _Sentinel Trust Company, LBA______________, Worldquant Millennium Quantitative Strategies, Connor, Clark & Lunn Investment Management, Zto Express Cayman Inc sponsored adr added (ZTO), Track 13F-HR Filings for Hedge Funds and Value Investors. Our Report. Javascript is disabled or is not supported by your browser. Marathon Petroleum also has announced the unanimous decision of its board to maintain its current midstream structure, with the company retaining the general partner of MPLX LP, which owns and operates gathering, processing and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. Hess Corporation will sell its retail business and the 1,256 gasoline stations that come with it, to Marathon Petroleum for $2.6 billion. Past performance is a poor indicator of future performance. Marathon Pipe Line LLC (MPL) is headquartered in Findlay, Ohio, and is a subsidiary of MPLX LP, a diversified, growth-oriented master limited partnership formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. Please. 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