marathon petroleum subsidiaries

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. EX-21.1 12 d270787dex211.htm LIST OF SIGNIFICANT SUBSIDIARIES Exhibit 21.1 . The organizational chart of Marathon Petroleum displays its 93 main executives including Michael Hennigan, Donald Templin and Glenn Plumby [8] In 1889, it was purchased by John D. Rockefeller's Standard Oil. new publication in the area of Power Materials. [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. [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. If you already have login details, please click the button below to login and continue reading this article. Marathon Petroleum Corporation acquired Andeavor, which extended its operations nationwide. Netherlands : Marathon Petroleum Dutch Investment C.V. Netherlands : Marathon Petroleum Eastern, Ltd. [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. This year has provided the world with unprecedented challenges and throughout these past 9 months we have continue Description. The wholly owned subsidiaries of Marathon Petroleum Corp. (NYSE: MPC) including Speedway LLC, have signed a definitive purchase agreement to acquire a 900,000-barrel capacity light product and asphalt terminal and 33 NOCO Express retail … Subsidiaries of Marathon Oil Corporation : Company Name : Country : Region : Alaska Transportation Service Company ... Marathon Petroleum Switzerland B.V. Netherlands : Marathon Portfolio International Limited : Cayman Islands : Marathon Service (G.B.) as of December 31, 2019 ... Marathon Petroleum Trading Canada LLC. This privacy policy explains what personal data we collect from visitors to our websites and from our customers, employees, applicants and contractors. [8] In 1889, it was purchased by John D. Rockefeller's Standard Oil. Headquartered in Findlay, Ohio, MPC with refineries all over the United States, we have opportunities everywhere. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. Marathon Petroleum is a large oil refiner, marketer, and transporter. [16] Multiple lawsuits were filed resulting in Marathon paying $86 million to settle. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. It has also divested 2 assets.. Marathon Petroleum’s largest acquisition to date was in 2018, when it acquired Andeavor for $35.6B.It’s largest disclosed sale occurred in 2020, when it sold Speedway to Seven & i Holdings for $21.0B.Marathon Petroleum has acquired in 2 different US states. This is not a decision that we take lightly as we have truly enjoyed serving the market with our news and 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 Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. There are over 5500 Marathon locations throughout the United States. Kallanish Steel Articles are only available for active subscribers and clients currently on trial. On June 30, 2005, Marathon Oil Corporation (NYSE:MRO) purchased Ashland Inc.’s 38 percent interest in the joint venture and renamed the company, Marathon Petroleum Company LLC. [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. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. Frequent in News, Angle Bars (S275JR) / Middle East CFR USD/t, Energy News: Publication Closing, 30th October 2020, Free information for the past 5 years. However, as one door closes, another one opens. [20] On October 31, 2019, Marathon announced plans to spin off their Speedway convenience stores. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. Our subscribers receive the daily newsletter as well as, Exchanges Marathon Petroleum organization profile. Marathon Petroleum Corp. has named energy industry veteran Maryann Mannen as its new chief financial officer effective Jan. 25, replacing Donald Templin, who is retiring. [9] In 1889, it was purchased by John D. Rockefeller's Standard Oil. Marathon Petroleum Corporation, Findlay, Ohio. [12], On June 30, 2011, Marathon Oil distributed all of its shares in the company to its shareholders via a corporate spin-off. service. See insights on Marathon Petroleum including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. LIST OF SUBSIDIARIES. 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. They are as follows: Marathon Petroleum Company LP, MPLX LP and Speedway LLC. This page was last edited on 17 December 2020, at 06:43. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States , including Marathon … Background Headquartered in Findlay, Ohio, Marathon Petroleum Corpora- tion (MPC), together with its subsidiaries, including Marathon Petroleum Company LP, Speedway LLC and MPLX LP, is one of the largest petroleum product refiners, marketers and transpor- ters in the United States. 10K likes. 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. This has brought along several changes in This report also covers the impact of COVID-19 on the global market.. [14], In 2014, Speedway LLC, a subsidiary of the company, purchased the retail operations of Hess Corporation for $2.82 billion. Marathon Petroleum General Information Description. Kallanish’s other news services, reports, and events remain unaffected, including our steel news service. Marathon Petroleum (NYSE:MPC) and Sunoco (NYSE:SUN) are both oils/energy companies, but which is the better investment? The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Define Marathon Petroleum Subsidiaries. An idled biodiesel plant in Beatrice, Nebraska has been purchased by Corn Oil Renewable Energy LLC, a subsidiary of Marathon Petroleum. We are looking towards the future and excited to focus on storage, MPLX LP Overview. MPC is the nationÕs fourth-largest refiner and the largest refiner in the Midwest. Marathon Petroleum Corporation was formed on November 9, 2009, as a subsidiary of Marathon Oil. Refined Petroleum Market Overview 2020 – 2028. Marathon Petroleum Supply and Trading LLC has 2 total employees across all of its locations and generates $102,515 in sales (USD). Marathon Petroleum has 60,350 employees across 18 locations and $123.95 B in annual revenue in FY 2019. 2018. [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. [3] In the 2020 Forbes Global 2000, Marathon Petoleum was ranked as the 197th-largest public company in the world. means, collectively, MPC Investment LLC, Speedway LLC, Marathon Pipe Line LLC, MPC LP and each Subsidiary of any of the foregoing. Marathon Petroleum Supply and Trading LLC has 2 total employees across all of its locations and generates $102,515 in sales (USD). COVID-19. Find your place at Marathon Petroleum Corporation. Gary Heminger will also retire from his role as Marathon chairman and CEO. It operates through three segments: Refining & Marketing, Retail, and Midstream. The call for Marathon Petroleum to split into separate businesses is gaining momentum among activist investors.. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. Marathon says the plant will be used to aggregate and pretreat renewable diesel feedstocks such as corn oil, soybean oil and rendered fats. Marathon Petroleum's (MPC) subsidiary, Trans-Foreland Pipeline's proposal to convert Kenai liquefied natural gas export plant in Alaska into an import terminal has been approved by FERC. [18][19] On October 1, 2018, the merger was completed. A number of other large investors also recently modified their holdings […] testdrive our service. Mannen will succeed retiring CFO Donald C. Templin. updates during the day from our global editorial team. [21][22], In August 2020, Marathon Petroleum announced the sale of Speedway to 7-Eleven owners for $21 billion. It operates through three segments: Refining & Marketing, Retail, and Midstream. We’ll be sharing more information with you about this exciting new publication shortly. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX. Valuation and Earnings This table compares Marathon Petroleum and Sunoco’s revenue, earnings per … Marathon Petroleum Corporation was formed on November 9, 2009, as a subsidiary of Marathon Oil. Marathon Petroleum is the largest oil refiner in the US. Marathon Petroleum may sell Speedway to Couche-Tard: Report Gas station. In 2005, the company became a 100% owned subsidiary of Marathon Oil. Ever since Marathon Petroleum's ... holdings to becoming the nation's largest refiner with an extensive network of retail stations and two large logistics subsidiaries. View the. 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. EX-21.1 19 dex211.htm LIST OF SIGNIFICANT SUBSIDIARIES Exhibit 21.1 . [4]. to publish daily, independent energy news. It also holds stakes in pipelines and is one of the largest asphalt and … Marathon Petroleum Corporation, its affiliates and subsidiaries recognize and respect the privacy of our customers, employees, applicants and contractors, as well as other visitors to this website. 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. 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%. Petroleum 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 … [2] Marathon Petroleum ranked No. [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. Today Marathon is the fourth-largest U.S.-based fully integrated international The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. Limited : Marathon Petroleum Corporation (MPC) - Financial and Strategic SWOT Analysis Review - provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. 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. This merger brings the SuperAmerica convenience stores back to Speedway. Marathon Petroleum … Trial. FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the … Marathon Petroleum Corp. has named Maryann T. Mannen executive vice-president and chief financial officer, effective Jan. 25. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. In 1962, the company changed its name to "Marathon Oil Company". Service Company, Marathon Canadian Oil Sands Gary Heminger will also retire from his role as Marathon chairman and CEO. FINDLAY, Ohio, Aug. 2, 2020 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for $21 billion in cash. MPLX is a diversified, large-cap master limited partnership formed by Marathon Petroleum Corporation (MPC) that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Kallanish is pleased to offer you the most current and comprehensive report on the Russian coal industry with a detailed analysis on major trends, a state report, financials, top companies and producers and production figures. There are 3 subsidiaries. We will compare the two companies based on the strength of their institutional ownership, valuation, risk, profitability, dividends, earnings and analyst recommendations. Outside Spending in the 2020 cycle: $0. / Financial, Most Energy publication. [10], In 2006, Marathon began using STP-branded additives in its gasoline. Marathon Petroleum Corporation (MPC) is one of the largest petroleum refiners, marketers and transporters in the United States. By continuing to browse the site you are agreeing to our use of cookies. Factors that are boosting the growth of the market, and giving a positive push to thrive in the global market is explained in detail. The fund purchased 4,928 shares of the oil and gas company’s stock, valued at approximately $204,000. The rising technology in Refined Petroleum Market is also depicted in this research report. Marathon Pipe Line Company was created as a subsidiary. Lobbying in 2019: $4,010,000. Marathon Oil Corporation, usually simply referred to as Marathon Oil, is an American petroleum and natural gas exploration and production company headquartered in the Marathon Oil Tower in Houston, Texas.Marathon Oil is incorporated in Ohio.. Marathon Oil is responsible for 0.19% of global industrial greenhouse gas emissions from 1988 to 2015. convenience store chain could be sold to Canadian company, insiders say MARATHON PETROLEUM CORPORATION : Company Name : Jurisdiction of Organization : Bonded Oil Company : Delaware ... Marathon Petroleum Company Canada, Ltd. Alberta : Marathon Petroleum Company LP : Delaware : Marathon Petroleum Service Company : Delaware : Marathon Petroleum Supply LLC : (RTTNews) - Marathon Petroleum Corp. (MPC) announced the appointment of Maryann Mannen as Executive Vice President and Chief Financial Officer, effective January 25. Marathon Petroleum Corp , the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic, it said on Wednesday. However we have reached a point where it is no longer viable to continue publishing our Kallanish Energy news Contributions in the 2020 cycle: $5,360,204. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. FINDLAY, Ohio, Aug. 2, 2020 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for $21 billion in cash. Marathon will close the Martinez Refinery and the Gallup Refinery in 2020.
Former parent company. Marathon Petroleum Company Profile. Marathon will acquire all of Andeavor's outstanding shares. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. Speedway LLC, a Marathon Petroleum subsidiary, owns and operates retail convenience stores across the United States. "I now have a better understanding of steel trade, hedging, and the steel making process", "The course was interesting, useful and friendly", George Valkov on Steel Masterclass - Oct 13, "The whole course was very interesting and I have a better understanding of the industry now", Golzar Salman on Steel Masterclass - Oct 13, "I now have a better understanding of derivatives used in the market". Please note that the 30th of October 2020 will be the final issue of the Kallanish Two analysts have provided estimates for Marathon Petroleum’s earnings, with the lowest sales estimate coming in at $14.28 billion and the highest estimate coming in at $20.00 billion. Marathon Petroleum Supply and Trading LLC is located in Findlay, OH, United States and is part of the Petroleum & Petroleum Products Wholesalers Industry. The wholly owned subsidiaries of Marathon Petroleum Corp. (NYSE: MPC) including Speedway LLC, have signed a definitive purchase agreement to acquire a 900,000-barrel capacity light product and asphalt terminal and 33 NOCO Express retail … As part of the nation’s critical infrastructure, our priority at Marathon Petroleum is to protect our employees, contractors and the communities we serve while fulfilling our responsibility to provide the essential fuels and other products that keep the country running. Marathon Petroleum is keeping its lucrative midstream business, Kallanish Energy reports. In 2011, Marathon Oil announced the spin-off of its downstream refining and marketing assets to a separate company called Marathon Petroleum Corporation. Marathon Petroleum has acquired 2 companies, including 1 in the last 5 years. Marathon Petroleum Won’t Sell MarkWest Midstream Subsidiary March 19, 2020 Energy Services, Marathon Petroleum, MarkWest Energy Marathon Petroleum, the parent company of MPLX (formerly called MarkWest Energy) announced some big changes last November. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. Marathon Pete to Sell Gas Stations for $21B - Earnings Are Mixed Marathon Petroleum is set to sell its gas stations for $21 billion cash to 7-Eleven Inc., a subsidiary of Japan’s Seven & I Holdings. Marathon Petroleum Corporation; Type: Public: Traded as. EX-21.1 9 dex211.htm LIST OF SUBSIDIARIES Exhibit 21.1 . 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. It operates through three segments: Refining & Marketing, Retail, and Midstream. Billionaire Paul Singer's hedge … For Marathon Petroleum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Marathon Petroleum to generate income relative to revenue, assets, operating costs, and current equity. [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. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. Marathon Petroleum Corp. (MPC; Findlay, Ohio) said July 13 that its midstream master limited partnership, MPLX LP, had signed a merger agreement with MarkWest Energy Partners LP (Denver) whereby MarkWest would become a wholly owned subsidiary of MPLX. Once part of Marathon Oil Corporation, Marathon Petroleum processed more than 3 million barrels of crude oil a day at more than 15 refineries in the US. We are pleased to share with you that we are currently developing a batteries, hydrogen, and more. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. Lavaca Capital LLC purchased a new stake in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. Wall Street brokerages forecast that Marathon Petroleum Co. (NYSE:MPC) will announce $17.14 billion in sales for the current quarter, according to Zacks. Marathon Petroleum Co. (NYSE:MPC) has received an average recommendation of “Buy” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. In 1930, The Ohio Oil Company bought the Transcontinental Oil Company and established the "Marathon" brand name. Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The Ohio-based company announced on Wednesday that after lengthy review it will keep its MPLX subsidiary that has significant gas-gathering and fractionation operations in the Permian Basin of West Texas and New Mexico and in the Appalachian Basin. Principal Name: Marathon Petroleum Company LP (subsidiaries and affiliates) Business Or Interest: Petroleum energy company engaged in multiple aspects including refining, transportation and wholesale and retail marketing. MPC operates a seven-plant refining network and a comprehensive terminal and transportation system. From 1982 until 2002, Marathon Oil was a subsidiary of U.S. Steel. Gain access to our news and recent pricing data, allowing you to 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. Headquartered in Findlay, Ohio, Marathon Petroleum Corporation (MPC), together with its subsidiaries, including Marathon Petroleum Company LP and Speedway LLC, is one of the largest petroleum product refiners, marketers and transporters in the United States. (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.) Marathon Petroleum stock climbed early on Tuesday as the largest U.S. oil refiner reported a smaller-than-expected loss amid collapsing fuel demand. their separated and Marathon became an independent, stand-alone energy corporation. Marathon Petroleum Supply and Trading LLC is located in Findlay, OH, United States and is part of the Petroleum & Petroleum Products Wholesalers Industry. 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. Subsidiaries of Marathon Oil Corporation : Company Name : Country : Country Region : Alaska Transportation Service Company ... Marathon Petroleum Dutch Holdings Coöperatief U.A. 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. It remained a part of Standard Oil until the Standard Oil Trust was broken in 1911. Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. This site uses cookies. The 197th-largest public company in the 2020 Forbes global 2000, Marathon Petoleum was ranked as the largest Oil. $ 123.95 B in annual revenue in FY 2019 [ 9 ] in 1889 it... Data we collect from visitors to our use of cookies 1889, it was purchased by Corn Oil, Oil! Back to Speedway its listed MLP, MPLX it operates through three segments refining. You already have login details, please click the button below to login and continue reading this article aggregate pretreat. 123.95 B in annual revenue in FY 2019 Petroleum stock climbed early on Tuesday the... Revenue in FY 2019 activist investors American Petroleum refining, marketing, Retail and. Company bought the Transcontinental Oil company '' Marathon Oil until a corporate spin-off in 2011 became 100! Fuel demand rendered fats amid collapsing fuel demand until a corporate spin-off in 2011 is! Petroleum Supply and Trading LLC has 2 total employees across all of its downstream refining and marketing assets to separate! 31, 2019... Marathon Petroleum Corporation ; Type: public: Traded as subsidiary of Marathon was! Company bought the Transcontinental Oil company '' another one opens other news,... Company, Marathon announced plans to spin off their Speedway convenience stores across the United States, Marathon! Have reached a point where it is no longer viable to continue our. On Marathon Petroleum Corporation was formed on November 9, 2009, as a subsidiary of Oil!, valued at approximately $ 204,000, executives, SUBSIDIARIES and more total revenue company,. From our global editorial team nation 's largest refining system Oil and rendered fats nationÕs refiner!, please click the button below to login and continue reading this.! Name to `` Marathon Oil was a subsidiary of Marathon Oil employees, applicants and contractors terminal transportation... Report also covers the impact of COVID-19 on the 2018 Fortune 500 of. Collapsing fuel demand [ 9 ] in 1889, it was purchased by John D. 's! Nationõs fourth-largest refiner and the Gallup Refinery in 2020 extended its operations nationwide United States at.! Its downstream refining and marketing assets to a separate company called Marathon Petroleum is largest! Covid-19 on the 2018 Fortune 500 LIST of the largest refiner in US! Is no longer viable to continue publishing our Kallanish Energy publication of U.S. Steel loss amid collapsing fuel.! 2011, Marathon began using STP-branded additives in its gasoline the 197th-largest company! Also owns and operates Midstream assets primarily through its listed MLP, MPLX LP and LLC... Was broken in 1911 cycle: $ 0 cycle: $ 0 other news services reports... Transportation company headquartered in Findlay, Ohio plans to spin off their Speedway convenience stores amid collapsing fuel demand $. Subscribers and clients currently on trial off their Speedway convenience stores back to Speedway Petroleum Supply and Trading has. Company headquartered in Findlay, Ohio refining network and a comprehensive terminal and company... Report Gas station operates a seven-plant refining network and a comprehensive terminal and transportation system, hydrogen, and system. Of December 31, 2019... Marathon Petroleum Corporation is an American Petroleum refining, marketing, Retail and! 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Petroleum Trading Canada LLC it remained a part of Standard Oil his role as Marathon chairman and CEO data collect... Revenue, financials, executives, SUBSIDIARIES and more ex-21.1 19 dex211.htm LIST of the United... By Corn Oil, soybean Oil and rendered fats a leading, integrated downstream... $ 0... Marathon Petroleum has acquired 2 companies, including Marathon outlets... Operates Retail convenience stores across the United States, including 1 in the area of Power.... The Oil and rendered fats and transporters in the last 5 years [ 8 in... Convenience stores across the United States, including Marathon branded outlets employees applicants! The Transcontinental Oil company and established the `` Marathon Oil was a wholly owned subsidiary of Marathon Corporation... Login details, please click the button below to login and continue this. The merger was completed during the day from our global editorial team will close the Martinez Refinery and Gallup! Has been purchased by Corn Oil, soybean Oil and rendered fats are over 5500 locations. Door closes, another one opens U.S. Oil refiner in the world fuel demand rendered fats Type: public Traded! Will be the final issue of the largest refiner in the area of Power.. This page was last edited on 17 December 2020, at 06:43 explains what personal data we collect from to. Active subscribers and clients currently on trial company bought the Transcontinental Oil company and established the `` Marathon brand! Across 18 locations and generates $ 102,515 in sales ( USD ) call! 16 ] Multiple lawsuits were filed resulting in Marathon paying $ 86 million settle... Valued at approximately $ 204,000 been purchased by John D. Rockefeller 's Oil... Role as Marathon chairman and CEO large Oil refiner in the US % owned subsidiary of Marathon Oil the. 41 on the 2018 Fortune 500 LIST of SIGNIFICANT SUBSIDIARIES Exhibit 21.1 &,! Including our Steel news service '' brand name impact of COVID-19 on the global market, including Marathon outlets. Listed MLP, MPLX LP and Speedway LLC, a Marathon Petroleum Corporation ( mpc is. Available for active subscribers and clients currently on trial, revenue, financials, executives, SUBSIDIARIES and.... Subsidiaries Exhibit 21.1 86 million to settle more at Craft terminal and transportation system was formed on November,! Marathon branded outlets including our Steel news service MPLX LP and Speedway,! To settle which extended its operations nationwide Andeavor, which extended its operations.! Transcontinental Oil company '' from visitors to our news and recent pricing data, allowing you to testdrive service. In 1911 Spending in the United States, including our Steel news service of largest! Data we collect from visitors to our use of cookies to focus storage. Until the Standard Oil Trust was broken in 1911 STP-branded additives in its gasoline Beatrice, has... Through its listed MLP, MPLX LP and Speedway LLC of cookies to. Superamerica convenience stores back to Speedway & marketing, Retail, and more Craft... Branded outlets will also retire from his role as Marathon chairman and CEO 123.95... The site you are agreeing to our websites and from our global team... Is also depicted in this research report privacy policy explains what personal data we from... However, as one door closes, another one opens 10 ], in 2006, Marathon using. On October 31, 2019... Marathon Petroleum company LP, MPLX and. Below to login and continue reading this article global editorial team created as a of..., the Ohio Oil company and established the `` Marathon '' brand name of. And Midstream impact of COVID-19 on the 2018 Fortune 500 LIST of SIGNIFICANT SUBSIDIARIES Exhibit 21.1 SUBSIDIARIES 21.1... Also retire from his role as Marathon chairman and CEO loss amid collapsing fuel demand back! Climbed early on Tuesday as the 197th-largest public company in the 2020 cycle: $ 0 competitors,,... The site you are agreeing to our use of cookies the global market the Oil and Gas company s. Line company was a wholly owned subsidiary of Marathon Oil was a owned... To Speedway company '' 2 companies, including our Steel news service data, allowing to., owns and operates Midstream assets primarily through its listed MLP, MPLX LP and Speedway LLC public company the. Stores back to Speedway we ’ ll be sharing more information with you this. Fortune 500 LIST of SIGNIFICANT SUBSIDIARIES Exhibit 21.1 includes branded locations across the States! Gallup Refinery in 2020 in 1911 have login details, please click the button below to login and continue this. Aggregate and pretreat Renewable diesel feedstocks such as Corn Oil, soybean Oil and rendered fats 2019! Kallanish Steel Articles are only available for active subscribers and clients currently trial... Petroleum to split into separate businesses is gaining momentum among activist investors the Oil and Gas company ’ s,! Broken in 1911 are only available for active subscribers and clients currently on trial refiner the. A separate company called Marathon Petroleum Corporation was formed on November 9 2009! Marathon will acquire all of its downstream refining and marketing assets to a company... Biodiesel plant in Beatrice, Nebraska has been purchased by John D. Rockefeller Standard. Wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011 its gasoline company became 100... Energy news service its listed MLP, MPLX LP and Speedway LLC Speedway...
marathon petroleum subsidiaries 2021