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Encyclopedia > Marathon Petroleum Company

Marathon Petroleum Company is a fully owned, American subsidiary of the Marathon Oil Corporation. The subsidiary was formed on September 1, 2005 from the former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio. In business, a subsidiary is a company controlled by another, usually large—and often multinational—company or corporation. ... Marathon Oil Corporation (NYSE: MRO), based in Houston, Texas, is a worldwide oil and natural gas exploration and production company. ... September 1 is the 244th day of the year (245th in leap years). ... 2005(MMV) is a common year starting on Saturday of the Gregorian calendar. ... Findlays position within Hancock County (foreset) and Ohio (background) Findlay is a city located in Hancock County, Ohio. ...


History

Marathon Ashland Petroleum, LLC was a US based petroleum corporation, formed in 1998 from a merger of the downstream operations of Ashland, Inc. and Marathon Oil. Its corporate headquarters were in Findlay. Marathon owned 62% percent and Ashland owned 38% of this venture. The United States of America — also referred to as the United States, the U.S.A., the U.S., America, the States, or (archaically) Columbia—is a federal republic of 50 states located primarily in central North America (with the exception of two states: Alaska and Hawaii). ... Nodding donkey pumping an oil well near Sarnia, Ontario, 2001 Petroleum (from Greek petra – rock and oleum – oil), crude oil, sometimes colloquially called black gold, is a thick, dark brown or greenish liquid. ... A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a Civil law systems may refer to corporations as moral persons; they may also go by the name AS (anonymous society) or something similar, depending on language (see below). ... Ashland, Inc is a transportation construction, chemical, and petroleum company providing innovative products, services and solutions. ...


The Speedway SuperAmerica chain of convenience stores was a subsidiary of this now-defunct company. In addition, Marathon Ashland Petroleum owned seven refineries and a number of other pipelines. Following Ashland shareholder and debt-holder approval, the company became fully owned by Marathon Oil on June 30, 2005. The company was renamed Marathon Petroleum Company on September 1, 2005. Speedway SuperAmerica LLC is a brand name of a chain of combination gas stations and convenience stores in the United States of America. ... A convenience store is a small store or shop, generally accessible or local. ... A refinery is a building and/or the equipment used for refining or processing specific products. ... Marathon Oil Corporation (NYSE: MRO), based in Houston, Texas, is a worldwide oil and natural gas exploration and production company. ... June 30 is the 181st day of the year (182nd in leap years) in the Gregorian Calendar, with 184 days remaining, and the last day of June. ... 2005(MMV) is a common year starting on Saturday of the Gregorian calendar. ...


External links


  Results from FactBites:
 
Marathon Petroleum Company - Wikipedia, the free encyclopedia (208 words)
The subsidiary was formed on September 1, 2005 from the former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio.
Marathon Ashland Petroleum, LLC was a US based petroleum corporation, formed in 1998 from a merger of the downstream operations of Ashland, Inc. and Marathon Oil.
The company was renamed Marathon Petroleum Company on September 1, 2005.
Marathon Petroleum Company LLC: Organization and Success. (427 words)
Marathon Petroleum Company (MPC) is one of the biggest and most important refineries in the
Marathon Petroleum Company is extremely efficient, cost effective and competitive in refining, marketing and transportation.
MPC is the largest wholesale supplier of distillate and gasoline to resellers and consumer end-users, as well as the largest producer of asphalt.
  More results at FactBites »


 

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