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