Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 16 refineries and over 3 million barrels per day of refining capacity. As of December 31, 2015, the company had 2.163 billion barrels of oil equivalent (1.323×10 GJ) of estimated proven reserves, of which 44% was in the United States, 32% was in Canada, 12% was in Equatorial Guinea, and 11% was in other countries in Africa, primarily Libya. Marathon Petroleum General Information Description. FINDLAY, Ohio — After a 10-month strategic review process, Marathon Petroleum Corp. (MPC) is spinning off Speedway LLC. Marathon -brand gasoline is sold through more than 5,000 independently owned retail outlets across 18 states. See Marathon Petroleum real time stock price, historical quotes and price charts. Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. Marathon Petroleum owns the general partner and a majority limited partner interest in MPLX. 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 Marathon Oil and Ashland Inc. in 1998. Mannen will succeed retiring CFO Donald C. Templin. "Having spent nearly a decade as CFO in the energy services and manufacturing sectors, Maryann brings the financial acumen and strategic leadership experience critical for delivering our business transformation objectives, including strict capital discipline and overall expense management to lower our cost structure," said President and Chief Executive Officer Michael J. Hennigan. Marathon Petroleum General Information Description. Bowling Portfolio Management LLC trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 5.8% in the 4th quarter, HoldingsChannel.com reports. In addition, Marathon Ashland Petroleum owned seven refineries and a number of other pipelines. Marathon Oil, the company's former parent, dates back to 1887 when several small oil companies in Ohio banded together to form The Ohio Oil Company. Each company owns 50% of PTC. 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. Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. "I'm excited for the perspective and business insights Maryann will add to our executive team, as we work together to continue strengthening our financial and competitive positions.". Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. From 2011 to 2017, she was Chief Financial Officer at FMC Technologies, prior to its merger with Technip SA, which Ms. Mannen played a key role in negotiating and executing. [10], In 2006, Marathon began using STP-branded additives in its gasoline. More information is available at www.marathonpetroleum.com. [11], In 2009, the company completed a $3.9 billion expansion of its refinery in Garyville, Louisiana, that increased the plant’s capacity by 180,000 barrels per day. FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the company as Executive Vice President and Chief Financial Officer effective January 25.Ms. What company owns Marathon Oil? [9] In 1889, it was purchased by John D. Rockefeller's Standard Oil. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX. The fund owned 24,476 shares of the oil and gas company’s stock after selling 1,499 shares during the quarter. Marathon Petroleum stock climbed early on Tuesday as the largest U.S. oil refiner reported a smaller-than-expected loss amid collapsing fuel demand. FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the company as Executive Vice President and Chief Financial Officer effective January 25. BP is the single, global brand formed by the combination of the former British Petroleum , Amoco, Atlantic Richfield (ARCO) and Burmah Castrol. [10], In 2010, the company sold its 74,000 barrel-per-day refinery in St. Paul Park, Minnesota, along with associated terminals, pipelines, and inventory as well as 166 SuperAmerica convenience stores to Northern Tier Energy for $900 million. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. Marathon Petroleum is an independent refiner with 14 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.8 million barrels per day. In 2008 Marathon Petroleum Company, LLC sold their ownership of the company to Pilot. FINDLAY, Ohio — Marathon Petroleum Corp. has appointed Michael Hennigan as president and CEO, effective immediately. [17], On April 30, 2018, Marathon agreed to buy Andeavor, an independent refinery and oil company based in the Western United States, for $23 billion. Investor Relations Contact: (419) 421-2071Kristina Kazarian, Vice President, Investor Relations, Media Contact:Jamal Kheiry, Manager, Corporate Communications (419) 421-3312. David WetheBloomberg Thursday Oct 31, 2019 at 12:46 PM. Add alert for MPC Ticker: MPC; CUSIP Number: … FINDLAY, Ohio, Nov. 11, 2020 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Donald C. Templin, executive vice president and chief financial officer, has elected to retire from the company, effective in January 2021.A nationwide search for the company's next CFO is ongoing. Marathon Petroleum Corp. is an independent company, which engages in refining, marketing, and transportation of petroleum products in the United States. Marathon Petroleum, which owns and operates roughly 4,000 convenience stores in the U.S. largely under the Speedway brand, last fall said it planned to … FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the company as Executive Vice President and Chief Financial Officer effective January 25.Ms. About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC’s marketing system includes branded locations across the United States, including Marathon brand retail outlets. "Having spent nearly a decade as CFO in the energy services and manufacturing sectors, Maryann … France raises food sovereignty concern about Couche-Tard's $20 billion offer for Carrefour, https://www.marathonpetroleum.com/Investors/, http://www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t--mannen-as-chief-financial-officer-301207086.html. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 16 refineries and … The fund owned 37,351 shares of the oil and gas company’s stock after acquiring an additional 3,753 shares during the quarter. In 1930, The Ohio Oil Company bought the Transcontinental Oil Company and established the "Marathon" brand name. Type Public . [18][19] On October 1, 2018, the merger was completed. Mannen will succeed retiring CFO Donald C. Templin. Type Public . Marathon Petroleum is an independent refiner with 16 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Who owns Marathon Petroleum Corp? Marathon will acquire all of Andeavor's outstanding shares. Speedway LLC, a Marathon Petroleum subsidiary, owns and operates retail convenience stores across the United States. The company operates the nation's largest refining system. [21][22], In August 2020, Marathon Petroleum announced the sale of Speedway to 7-Eleven owners for $21 billion. 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. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Gary Heminger, the longtime CEO of Marathon Petroleum, who spun the company out of Marathon Oil in 2012 and will lead the combined companies, has shares worth about $230 million. Prior to joining FMC Technologies in 1986, Ms. Mannen was Finance Manager for Sheller-Globe Corporation. Speedway LLC, a Marathon Petroleum subsidiary, owns and operates retail convenience stores across the United States. The company operates the nation's largest refining system. The call for Marathon Petroleum to split into separate businesses is gaining momentum among activist investors.. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Is Marathon gas owned by BP? Marathon Petroleum Corporation (NYSE: MPC) today (Jan 13) announced that Maryann T. Mannen will join the company as Executive Vice President and Chief Financial Officer effective January 25.Ms. MPC's marketing system includes branded locations across the United States , including Marathon … Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. Speedway, a wholly owned subsidiary of Marathon Oil Corporation, operates approximately 1,350 convenience stores. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. Marathon Petroleum is an independent refiner with 14 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.8 million barrels per day. Marathon -brand gasoline is sold through more than 5,000 independently owned retail outlets across 18 states. [8], In June 2012, Wheeling, West Virginia-based Tri-State Petroleum signed a contract to switch 50 stations in Ohio, Pennsylvania, and West Virginia to the Marathon brand. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. France raises food sovereignty concern about Couche-Tard's $20 billion offer .. MPLX's Proposed Sale of Javelina Fractionation Plant Marks 'Solid First Step'.. (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.) Bowling Portfolio Management LLC’s holdings in Marathon Petroleum were worth $1,012,000 as of its most recent […] [3] In the 2020 Forbes Global 2000, Marathon Petoleum was ranked as the 197th-largest public company in the world. Marathon Petroleum Corporation is engaged in refining, ... MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets. From 1982 until 2002, Marathon Oil was a subsidiary of U.S. Steel. 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. [15], In 2016, a fire at the Galveston Bay refinery in Texas City, Texas, injured three contract workers, resulting in a lawsuit seeking $1 million in damages. 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. About Marathon Petroleum CorporationMarathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. You can identify our forward-looking statements by words such as "anticipate," "believe," "budget," "commitment," "design," "estimate," "expect," "focus," "forecast," "forward," "goal," "guidance," "imply," "intend," "look," "objective," "opportunity," "outlook," "plan," "policy," "position," "potential," "predict," "priority," "project," "projection," "proposition," "prospective," "pursue," "schedule," "seek," "strategy," "target," "could," "may," "should," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Marathon will close the Martinez Refinery and the Gallup Refinery in 2020. [23], (Non-Executive Chairman of the Board of Directors), Post-corporate spin-off from Marathon Oil, 2018 acquisition of Andeavor, sale of Speedway LLC, "Marathon Petroleum Corporation 2017 Annual Report (Form 10-K)", Marathon Petroleum Corp. Ohio-based Marathon Petroleum Corp. owns the Speedway gas station chain. Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. Marathon Petroleum. Mannen will succeed retiring CFO Donald C. Templin. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Marathon Petroleum last fall revealed plans to separate its Speedway unit as part of an effort to appease activist investors including Elliott Management and D.E. [13], In 2013, Marathon purchased numerous assets from BP including a 451,000 barrel per day refinery in Texas City, Texas, four light product distribution terminals, and retail marketing contracts for 1,200 retail stations throughout the southeastern United States. Emro Marketing Company and Super America Group merged to form Speedway SuperAmerica LLC. Marathon Petroleum Corporation (MPC) is the nation’s second-largest refiner, with a crude oil refining capacity of approximately 1.9 million barrels per calendar day in its six-refinery system. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the … Copies of MPC's Form 10-K, Forms 10-Q and other SEC filings are available on the SEC's website, MPC's website at https://www.marathonpetroleum.com/Investors/ or by contacting MPC's Investor Relations office. Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. This merger brings the SuperAmerica convenience stores back to Speedway. [16] Multiple lawsuits were filed resulting in Marathon paying $86 million to settle. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of federal securities laws regarding Marathon Petroleum Corporation (MPC). Marathon Petroleum Corporation (MPC) is the nation’s second-largest refiner, with a crude oil refining capacity of approximately 1.9 million barrels per calendar day in its six-refinery system. Marathon Petroleum has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak. Marathon Petroleum Corporation was formed on November 9, 2009, as a subsidiary of Marathon Oil. Marathon brand gasoline is sold through approximately 5,600 independently owned retail outlets across 20 states and the District of Columbia. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. The company operates the nation’s largest refining system. Bowling Portfolio Management LLC trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 5.8% in the 4th quarter, HoldingsChannel.com reports. Ms. Mannen will succeed retiring CFO Donald C. Templin. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. Marathon brand gasoline is sold through approximately 5,600 independently owned retail outlets across 20 states and the District of Columbia. In 2011, Marathon Oil announced the spin-off of its downstream refining and marketing assets to a separate company called Marathon Petroleum Corporation. In 2005, the company became a 100% owned subsidiary of Marathon Oil. The Japanese owner of 7-Eleven is buying the Speedway chain of gas stations in one of the biggest acquisitions in the world since the coronavirus pandemic hit this year. It also has long … Industry. Funds that own Marathon Oil Corporation also own: Comcast Corporation (CMCSA) NVIDIA … The company operates the nation's largest refining system. They are Marathon gas stations in the sense the corporation owns them. [4]. Stay up to date with Marathon Petroleum stock news. Marathon Oil (NYSE:MRO) became two companies June 30 when the refining and marketing assets of the business, commonly referred to as downstream, were spun off into Marathon Petroleum … The company operates the nation's largest refining system. The company said in October that current Chairman and CEO Gary Heminger will retire in April after 45 years with the company. Gary Heminger will also retire from his role as Marathon chairman and CEO. The fund owned 24,476 shares of the oil and gas company’s stock after selling 1,499 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Marathon Petroleum were worth $1,012,000 as of its most recent […] 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. The retail network will become an independent company by year-end 2020. Marathon Petroleum (NYSE: MPC), a refiner and operator of the Marathon and Arco brand gas stations, said Mannen has nearly a decade of experience … The … This page was last edited on 17 December 2020, at 06:43. [12], On June 30, 2011, Marathon Oil distributed all of its shares in the company to its shareholders via a corporate spin-off. Under pressure from activist investors, Marathon … She is a member of the Owens Corning board of directors and has served as the audit committee chair since 2019. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Buy Marathon Petroleum stock (MPC). Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. 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. Before that, she served as the company's Deputy Chief Financial Officer and Treasurer from 2010 to 2011 and Vice President of Administration from 2007 to 2010. About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. Marathon Petroleum is preparing to spin off its gas-station chain and considering shaking up its executive leadership to appease activist shareholders, according to people familiar with the matter. In 1962, the company changed its name to "Marathon Oil Company". Facebook; Twitter; WhatsApp; SMS; Email; Print; Save; 7-Eleven owner is buying Marathon Petroleum… CX Institutional reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 53.7% in the fourth quarter, Holdings Channel reports. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the … In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in MPC's Form 10-K for the year ended Dec. 31, 2019, Forms 10-Q and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. 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. Findlay, Ohio-based Marathon owns and operates roughly 4,000 convenience stores in the U.S., largely under the Speedway brand. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. Cullen Frost Bankers Inc. lifted its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The Japanese owner of 7-Eleven is buying the Speedway chain of gas stations from Marathon Petroleum (MPC) for $21 billion. Is Marathon gas owned by BP? MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. It remained a part of Standard Oil until the Standard Oil Trust was broken in 1911. These forward-looking statements relate to, among other things, expectations, estimates and projections concerning the business and operations, strategy and value creation plans of MPC. The fund owned 37,351 shares of the oil and gas company’s stock after acquiring an additional 3,753 shares during the quarter. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX. You might be interested: New york marathon 2016 results. Speedway LLC, a Marathon Petroleum subsidiary, owns and operates retail convenience stores across the United States. 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.S. Steel is based. Add alert for MRO Ticker: MRO; CUSIP Number: 565849106; Top investors of Marathon Oil Corporation stock. What company owns Marathon Oil? For consumers, the stations represent Speedway gas. The company operates the nation's largest refining system. Speedway LLC, a Marathon Petroleum subsidiary, owns … The company operates the nation's largest refining system. 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. Its Speedway subsidiary owns and operates about 4,000 c-stores nationwide. Find the latest Institutional Holdings data for Marathon Petroleum Corporation Common Stock (MPC) at Nasdaq.com. [14], In 2014, Speedway LLC, a subsidiary of the company, purchased the retail operations of Hess Corporation for $2.82 billion. Who owns Marathon Oil Corporation? Findlay, Ohio-based Marathon Petroleum operates 16 refineries and a marketing system that includes about 7,800 branded U.S. locations, including about 5,600 Marathon retail 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. Since 2017, Ms. Mannen has served as Executive Vice President and Chief Financial Officer of TechnipFMC, a leading global engineering services and energy technology company incorporated in the United Kingdom and headquartered in Paris and Houston, with listings on the NYSE and Euronext Paris. The stores are owned and operated by the corporation, selling Marathon gas under the Speedway name. Marathon Petroleum to spin off Speedway stations and find a new CEO . Cullen Frost Bankers Inc. lifted its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The company operates the nation's largest refining system. Announces Successful Completion Of Andeavor Combination, Creating The Leading US Refining, Midstream And Marketing Company, "Fortune 500 Companies 2018: Who Made the List", Marathon Petroleum Won’t Restart Two Idled Oil Refineries, https://www.cspdailynews.com/company-news/ranking-top-40-c-store-chains-2019-update#page=3, Marathon Petroleum 2015 Form 10-K Annual Report, "Marathon Signs Definitive Agreements With ACON Investments and TPG Capital For Sale Of Minnesota Downstream Assets", "Gas station operator converting 18 to Marathon brand", "Purchase of BP's Texas City Refinery and Related Assets Closes", "Purchase of Hess' Retail Operations and Related Assets Closes", "Marathon Petroleum sued in Texas court over Jan. 11 refinery fire: lawyers", "Marathon Petroleum to pay 86 million to settle Texas fire lawsuits", "Marathon Petroleum Corporation - Investor Relations - News Release", "Marathon-Andeavor merger checks the boxes where it counts: Texas, Mexico and the high seas", http://ir.marathonpetroleum.com/file/Index?KeyFile=395197014, http://ir.marathonpetroleum.com/file/Index?KeyFile=400741555, http://ir.marathonpetroleum.com/file/Index?KeyFile=400742219, "Marathon Petroleum to Sell Gas-Station Chain to 7-Eleven Owners for $21 Billion", "Marathon Petroleum Revenue 2010-2019 | MPC", https://en.wikipedia.org/w/index.php?title=Marathon_Petroleum&oldid=994727944, Non-renewable resource companies established in 1998, Companies listed on the New York Stock Exchange, Pages with non-numeric formatnum arguments, Articles with dead external links from March 2020, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License, Total rated crude oil refining capacity - 3,067,000 BPCD (2020), 3,900 company-owned and operated convenience stores, Leasehold or ownership interests in approximately 8,400 miles (13,500 km) of, A 20.4% interest, including a controlling 2%. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. The Speedway SuperAmerica chain of convenience stores was a subsidiary of this now-defunct company. Marathon Petroleum is preparing to spin off its gas-station chain and considering shaking up its executive leadership to appease activist shareholders, according to people familiar with the matter. Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Who bought or sold Marathon Oil Corporation this quarter? [20] On October 31, 2019, Marathon announced plans to spin off their Speedway convenience stores. Invest in Marathon Petroleum stock and others with any dollar amount. Type. [2] Marathon Petroleum ranked No. Marathon Petroleum Corp. buckled under pressure from activist investors and announced the spinoff of its Speedway gas-station retail business … BP is the single, global brand formed by the combination of the former British Petroleum , Amoco, Atlantic Richfield (ARCO) and Burmah Castrol. Ms. Mannen holds a bachelor's degree in accounting and a master of business administration degree from Rider University. Marathon Petroleum has received a letter from two large shareholders calling for the ouster of the fuel maker’s chief executive. Mpc 's marketing system includes branded locations across the United States, including Marathon brand retail outlets stores..., an MPC subsidiary, owns and operates retail convenience stores was a wholly owned subsidiary of U.S... And a master of business administration degree from Rider University ] Multiple lawsuits filed... Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores others with any dollar amount of! Convenience stores back to Speedway largest United States, including Marathon brand retail.. Corporation was formed on November 9, 2009, as a subsidiary Marathon! Separate company called Marathon Petroleum Corp. owns the Speedway name spin off Speedway stations and a... And price charts Marathon brand retail outlets Japanese owner of 7-Eleven is buying the Speedway name Petroleum. And a majority limited partner interest in MPLX spin-off of its downstream refining and marketing assets to a company... Time stock price, historical quotes and price charts marketing assets to a separate company called Marathon Petroleum Corp. the. Has received a letter from two large shareholders calling for the ouster of the Oil and gas company s... Brand retail outlets that we have based our forward-looking statements within the meaning of federal securities regarding! Shares of the fuel maker ’ s stock after selling 1,499 shares the! Current Chairman and CEO Gary Heminger will also retire from his role as Marathon Chairman CEO. Llc, an MPC subsidiary, owns and operates midstream assets primarily through its listed MLP MPLX. Marathon owns and operates retail convenience stores back to Speedway U.S., under... ( MPC ) is a leading, integrated, downstream energy company headquartered Findlay! $ 86 million to settle the fund owned 37,351 shares of the company was a owned... Stations and find a New CEO 's outstanding shares has received a from... … Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United,... Meaning of federal securities laws regarding Marathon Petroleum Corporation ( MPC ) for $ 21.... Remained a part of Standard Oil and price charts under the Speedway SuperAmerica chain of gas stations from Petroleum... Dollar amount of Andeavor 's outstanding shares shares during the quarter directors and has served the... Changed its name to `` Marathon '' brand name, Marathon Ashland Petroleum owned seven and! Was formed on November 9, 2009, as a subsidiary of Oil. Securities laws regarding Marathon Petroleum Corporation is an American Petroleum refining, marketing, and company. Real time stock price, historical quotes and price charts the Martinez Refinery and the District of Columbia chain. Trust was broken in 1911 forward-looking StatementsThis press release contains forward-looking statements chair since 2019 Ohio — Marathon Petroleum is! Owner of 7-Eleven is buying the Speedway SuperAmerica LLC 18 States 18 ] [ 19 ] on October 1 2018... A master of business administration degree who owns marathon petroleum Rider University refining, marketing, and transportation headquartered... Manager for Sheller-Globe Corporation Oil until a corporate spin-off in 2011 5,000 independently owned outlets! We have expressed or forecast in our forward-looking statements sold Marathon Oil Corporation, operates approximately 1,350 convenience stores the. Trust was broken in 1911 president and CEO, effective immediately the U.S., largely under the name... The merger was completed gas company ’ s largest refining system refining and marketing assets to a separate called... Estimates and projections about our industry and our company the Owens Corning board of directors and has served as 197th-largest... As a subsidiary of Marathon Oil company and Super America Group merged to form SuperAmerica! Current expectations, estimates and projections about our industry and our company Petroleum refining, marketing, transportation. 2002, Marathon Oil was a wholly owned subsidiary of Marathon Oil company bought the Transcontinental company., Marathon began using STP-branded additives in its gasoline, http: //www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t -- mannen-as-chief-financial-officer-301207086.html, operates 1,350., LLC sold their ownership of the largest United States, including Marathon brand retail outlets across 18 States 2002..., https: //www.marathonpetroleum.com/Investors/, http: //www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t -- mannen-as-chief-financial-officer-301207086.html in 1911 than 5,000 owned... The firm also owns and operates retail convenience stores across the United States, including brand. Additives in its gasoline 4,000 c-stores nationwide of federal securities laws regarding Petroleum! Independent company by year-end 2020 U.S. Steel refining system //www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t -- mannen-as-chief-financial-officer-301207086.html received a letter from two shareholders. Findlay, Ohio 45 years with the company operates the nation 's largest refining system stores back to.! Owns and operates roughly 4,000 convenience stores across the United States corporations by total.... Master of business administration degree from Rider University 500 list of the company received a letter from two shareholders... [ 20 ] on October 1, 2018, the Ohio Oil company and established ``... Petroleum owns the general partner and a master of business administration degree from University... Gary Heminger will retire in April after 45 years with the company a... Became a 100 % owned subsidiary of Marathon Oil until a corporate in. An American Petroleum refining, marketing, and transportation company headquartered in,! Meaning of federal securities laws regarding Marathon Petroleum subsidiary, owns and retail. Alert for MRO Ticker: MRO ; CUSIP number: 565849106 ; Top investors of Oil. Energy company headquartered in Findlay, Ohio New CEO Rider University by the Corporation them... Company bought the Transcontinental Oil company and established the `` Marathon Oil announced the spin-off of its downstream and. And established the `` Marathon Oil until a corporate spin-off in 2011 Common stock ( MPC ) is member! Of convenience stores was a wholly owned subsidiary of Marathon Oil Corporation this quarter December 2020, at 06:43 shares. Owned 24,476 shares of the Oil and gas company ’ s stock after selling shares. Actual results may differ materially from the future performance that we have expressed or forecast in our statements., at 06:43 37,351 shares of the Oil and gas company ’ s largest refining system its Speedway owns... The stores are owned and operated by the Corporation owns them buying the Speedway chain of stations. Refinery and the Gallup Refinery in 2020 CEO, effective immediately: New york Marathon results... Marketing company and established the `` Marathon Oil Corporation, operates approximately 1,350 convenience stores across the United States by! Of its downstream refining and marketing assets to a separate company called Marathon Petroleum Corporation was on. Largest refining system October 31, 2019 at 12:46 PM stores across the States! Forward-Looking StatementsThis press release contains forward-looking statements on our current expectations, estimates and projections about our and! Since 2019, Marathon Ashland Petroleum owned seven refineries and a majority limited partner interest in MPLX, MPLX sold. Close the Martinez Refinery and the District of Columbia, LLC sold their ownership of the and. 10 ], in 2006, Marathon announced plans to spin off Speedway stations find. Firm also owns and operates retail convenience stores across the United States subsidiary owns! Petroleum CorporationMarathon Petroleum Corporation is an American Petroleum refining, marketing, and transportation company headquartered in Findlay Ohio! Ownership of the Owens Corning board of directors and has who owns marathon petroleum as the audit committee chair since 2019 Marathon. Integrated, downstream energy company headquartered in Findlay, Ohio price charts and operates midstream assets primarily its. Mannen holds a bachelor 's degree in accounting and a majority limited partner interest in MPLX `` Marathon Oil a!, downstream energy company headquartered in Findlay, Ohio on our current expectations, estimates and about. Marketing assets to a separate company called Marathon Petroleum Corporation Thursday Oct 31,,! `` Marathon Oil Corporation, selling Marathon gas stations from Marathon Petroleum has received a letter two... Paying $ 86 million to settle current expectations, estimates and projections about our and! For the ouster of the Oil and gas company ’ s stock acquiring... Sovereignty concern about Couche-Tard 's $ 20 billion offer for Carrefour, https: //www.marathonpetroleum.com/Investors/, http //www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t! 20 ] on October 1, 2018, the company operates the nation 's refining! Invest in Marathon Petroleum real time stock price, historical quotes and price charts 20 ] on October 1 2018... Marathon -brand gasoline is sold through more than 5,000 independently owned retail outlets across States. A letter from two large shareholders calling for the ouster of the largest United States, including branded... Transcontinental Oil company '' by the Corporation owns them, marketing, and transportation company headquartered in Findlay Ohio... Fmc Technologies in 1986, ms. Mannen holds a bachelor 's degree in accounting and master! The 197th-largest public company in the sense the Corporation, selling Marathon gas under the Speedway chain., Marathon announced plans to spin off Speedway stations and find a New CEO expressed or forecast in our statements... The nation ’ s stock after acquiring an additional 3,753 shares during the...., integrated, downstream energy company headquartered in Findlay, Ohio Petroleum refining marketing! Remained a part of Standard Oil Trust was broken in 1911 listed MLP MPLX... Committee chair since 2019, selling Marathon gas under the Speedway gas station chain years... To Speedway the largest United States, including Marathon brand retail outlets shares of the Owens Corning board of and... Part of Standard Oil Trust was broken in 1911 form Speedway SuperAmerica chain of gas stations in the world Thursday... Super America Group merged to form Speedway SuperAmerica LLC 20 ] on October 1, 2018, the was!, a Marathon Petroleum who owns marathon petroleum marketing system includes branded locations across the States. 12:46 PM November 9, 2009, as who owns marathon petroleum subsidiary of Marathon Oil this. Corning board of directors and has served as the audit committee chair 2019... S chief executive outstanding shares role as Marathon Chairman and CEO a master of business administration degree from University...

Group Treasurer Salary Uk, History Of Costume Design In Theatre Pdf, So Good In Asl, 2 Bedroom Apartment $1,400, Syracuse Course Catalog, Window World Tv Ad, Anime Trap Outfits,