Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. 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. With stations in 18 states, Marathon ranked in the top 10 for number of gas stations as of 2009. About Us . With its distinctive red, white and blue color scheme and bright red "M" located within an irregular hexagon, the Marathon brand name appears at gas stations throughout the Midwest and southeastern United States. 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) Past performance is a poor indicator of future performance. Marathon Oil … Rather than create new gas stations, Marathon promotes conversion from other brand names. An article dated March 4, 2006, in knoxnews.com about local gas stations switching to Marathon details the appeal of the Marathon brand as an American company. RockRose Energy has signed a share purchase agreement to buy Marathon Oil UK’s (MOUK) assets as part of a deal worth £107 million. Ohio Oil finally adopted the name Marathon Oil Company in 1962. Please. Search Jobs. The name refers to the battle at Marathon, Greece, in 490 B.C. 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 two firms announced the cash deal in … Who owns Marathon Petroleum Corp? Unlike most other companies, Marathon Energy has a full portfolio of energy products you need to run and grow your business, whatever they are. hess-station.jpg. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. For consumers, the stations represent Speedway gas. He has a Bachelor of Arts in economics from North Carolina State University and a Juris Doctor from the University of South Carolina. He has covered a variety of subjects, including science and sports, for various websites. 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 Corporation traces its beginnings to the Ohio Oil Company, founded in 1887 in northwest Ohio, the leading producer of oil at that time. 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. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. 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 … Login Name: 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. Vanguard Group Inc is the largest individual Marathon Oil Corp shareholder, owning 75.50M shares representing 9.56% of the company. Big Gulp. The red, white and blue color scheme along with the slogan "Fueling the American Spirit" contribute to that reason. From 1982 to 2001, Marathon was owned by a… Marathon Petroleum stock climbed early on Tuesday as the largest U.S. oil refiner reported a smaller-than-expected loss amid collapsing fuel demand. The deal, the biggest in the oil … The stores are owned and operated by the corporation, selling Marathon gas under the Speedway name. A one-stop-shop for all of your energy needs. Sustainability. The first reason parallels the reasons cited in Tennessee: an American company that is environmentally and ethically responsible. Add alert for MPC Ticker: MPC; CUSIP Number: … A publicly owned company, Marathon provides opportunities for local ownership of gas stations while operating corporate stations under a different name. Marathon Oil shareholders will receive annual dividends of 60 cents a share, and Marathon Pete shareholders 80 cents a share. Marathon Oil may or may not acquire a competitor in the future. Who bought or sold Marathon Oil Corporation this quarter? 2003 Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. Speedway LLC, a Marathon Petroleum subsidiary, owns and operates retail convenience stores across the United States. A station owner in West Knoxville, Tennessee, advertised the switch with a banner stating "American-owned Marathon.". Production By Month For Marathon Oil Company. From 1982 to 2001, Marathon was owned by and became part of U.S. Steel. The company reported a loss during the first quarter as … Javascript is disabled or is not supported by your browser. At Marathon Oil, you’ll be empowered to make a difference on the job, in your career, and in your community. 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. Emro Marketing Company and Super America Group merged to form Speedway SuperAmerica LLC. Marathon actively seeks out local ownership as a means of expanding its branded name. On its 75th anniversary in 1962, Ohio Oil changed its name to the Marathon Oil Company. At Marathon Oil, you’ll be empowered to make a difference on the job, in your career, and in your community. Sustainability. Other reasons include the value from Marathon's website, its advertising, the recognized brand name and company credit card. 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. The name refers to the battle at Marathon, Greece, in 490 B.C. Our Report. Getty Images Speedway gas station owner Marathon Petroleum has agreed to sell the chain to 7-Eleven’s parent company. 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. But even if the company faces the future independently, it is very clear that the company has the costs to … 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. Instantly Access Production Data Subscribe now to receive immediate access to Marathon Oil Company oil and gas production between July 1979 and November 2020. Speedway, a wholly owned subsidiary of Marathon Oil Corporation, operates approximately 1,350 convenience stores. Map of Wells Associated with Marathon Oil Company. Our Report. These stations are owned and operated by local business owners. Marathon follows a long line of energy companies that are shedding retail networks to focus on making fuel. Tokyo (CNN Business) The Japanese owner of 7-Eleven is buying the Speedway chain of gas stations from Marathon Petroleum (MPC) for $21 billion. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. In 2002, the Marathon Oil Corporation became an independent publicly traded company. They are Marathon gas stations in the sense the corporation owns them. Search Jobs. Marathon Oil Corp (NYSE: MRO) is owned by 67.09% institutional shareholders, 0.76% Marathon Oil Corp insiders, and 32.15% retail investors. In 1930, Ohio Oil purchased Transcontinental Oil Company, acquiring with it the rights to the Marathon product name. On its 75th anniversary in 1962, Ohio Oil changed its name to the Marathon Oil Company. 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. Funds that own Marathon Oil Corporation also own: Comcast Corporation (CMCSA) NVIDIA … that is remembered in the race by the same moniker. Marathon Oil currently pays an annual dividend of 20 cents per share and I believe that the company will suspend its dividend soon. 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. Knoxville News Sentinel: Unfulfilling Stations. Hess Corporation will sell its retail business and the 1,256 gasoline stations that come with it, to Marathon Petroleum for $2.6 billion. 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) that is remembered in the race by the same moniker. In 1930 Ohio Oil bought the Transcontinental Oil Company, which had producing fields in Texas, and it adopted Transcontinental’s Marathon brand name and trademark long-distance Greek runner for its retail products. Jeppson Wealth Management LLC acquired a new stake in shares of Marathon Oil … Heminger - who was given an exemption from the company’s age-65 mandatory retirement rule in July 2018 - took charge of the fuel maker when Marathon Oil Corp. spun off the business in 2011. Find the latest Institutional Holdings data for Marathon Petroleum Corporation Common Stock (MPC) at Nasdaq.com. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Robert Alley has been a freelance writer since 2008. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Seven & i Holdings, … Is Marathon owned by Exxon? As of 2009 almost 5,100 gas stations sold Marathon gas under the Marathon name. Marathon Oil is one of the many oil and gas producers feeling the impact of lower crude prices. As part of its effort Marathon lists 10 reasons to convert on its website. In 1930, Ohio Oil purchased Transcontinental Oil Company, acquiring with it the rights to the Marathon product name. 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. Marathon Oil is an independent exploration and production (E&P) company based in Houston. Marathon Oil … Marathon Petroleum has the nation's largest refining system and also owns one of the largest convenience store chains in the country, Speedway. Want to be notified whenever an investor makes a significant change to their holdings of Marathon Oil Corporation? 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. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. On its website, Marathon states that since 2004 more than 750 local gas stations have switched from other brands to Marathon. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. 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