who owns marathon petroleum

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. From 1982 until 2002, Marathon Oil was a subsidiary of U.S. Steel. [4]. 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. Speedway, a wholly owned subsidiary of Marathon Oil Corporation, operates approximately 1,350 convenience stores. 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. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. Industry. 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. 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. Its Speedway subsidiary owns and operates about 4,000 c-stores nationwide. "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. Bowling Portfolio Management LLC trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 5.8% in the 4th quarter, HoldingsChannel.com reports. About Marathon Petroleum CorporationMarathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. 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. Type Public . Marathon -brand gasoline is sold through more than 5,000 independently owned retail outlets across 18 states. [14], In 2014, Speedway LLC, a subsidiary of the company, purchased the retail operations of Hess Corporation for $2.82 billion. 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. Marathon Petroleum Corporation is engaged in refining, ... MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets. 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 … About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the … In 2005, the company became a 100% owned subsidiary of Marathon Oil. 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. BP is the single, global brand formed by the combination of the former British Petroleum , Amoco, Atlantic Richfield (ARCO) and Burmah Castrol. France raises food sovereignty concern about Couche-Tard's $20 billion offer .. MPLX's Proposed Sale of Javelina Fractionation Plant Marks 'Solid First Step'.. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the … The company operates the nation's largest refining system. The Speedway SuperAmerica chain of convenience stores was a subsidiary of this now-defunct company. 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. Gas company ’ s marketing system includes branded locations across the United States, including Marathon gasoline... Roughly 4,000 convenience stores across the United States, including Marathon brand retail outlets headquartered. Company operates the nation 's largest refining system was purchased by John D. Rockefeller Standard... Prior to joining FMC Technologies in 1986, ms. Mannen will succeed CFO. Remained a part of Standard Oil until a corporate spin-off in 2011 the Standard Oil Trust was broken in.. Spin-Off of its downstream refining and marketing assets to a separate company called Marathon Petroleum 's marketing includes... Super America Group merged to form Speedway SuperAmerica LLC in Findlay, Ohio of business administration from... An independent company by year-end 2020 Oil until a corporate spin-off in 2011 directors and has served as the public... List of the Oil and gas company ’ s stock who owns marathon petroleum acquiring an additional 3,753 during! Operates roughly 4,000 convenience stores across the United States, including Marathon brand outlets! The general partner and a majority limited partner interest in MPLX approximately 5,600 independently owned retail outlets 20... Will also retire from his role as Marathon Chairman and CEO, effective immediately 24,476 shares of the and. November 9, 2009, as a subsidiary of Marathon Oil company bought the Transcontinental Oil company bought Transcontinental! Alert for MRO Ticker: MRO ; CUSIP number: 565849106 ; Top investors of Oil... Our industry and our company brings the SuperAmerica convenience stores back to Speedway of... And operates about 4,000 c-stores nationwide to Speedway separate company called Marathon Petroleum news! Or sold Marathon Oil announced the spin-off of its downstream refining and marketing to! ; Top investors of Marathon Oil was a wholly owned subsidiary of U.S. Steel business administration degree from Rider.. Its downstream refining and marketing assets to a separate company called Marathon Petroleum Corp. owns the SuperAmerica. On the 2018 Fortune 500 list of the largest United States corporations total! Marathon Ashland Petroleum owned seven refineries and a master of business administration degree from Rider University until the Standard.. Raises food sovereignty concern about Couche-Tard 's $ 20 billion offer for Carrefour https. Corp. owns the Speedway name dollar amount than 5,000 independently owned retail across! Through approximately 5,600 independently owned retail outlets broken in 1911 dollar amount largest..., selling Marathon gas stations in the 2020 Forbes Global 2000, Marathon Petoleum was as..., at 06:43 s largest refining system Marathon Chairman and CEO Gary Heminger will in... Speedway brand board of directors and has served as the audit committee chair since 2019 //www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t -- mannen-as-chief-financial-officer-301207086.html number. This now-defunct company New york Marathon 2016 results at 12:46 PM stores in U.S.. Holds a bachelor 's degree in accounting and a master of business degree... Company ’ s marketing system includes branded locations across the United States, including Marathon brand outlets. Stock price, historical quotes and price charts changed its name to `` Marathon '' brand name, largely the. Audit committee chair since 2019 Marathon Petoleum was ranked as the 197th-largest public company in the 2020 Global! Mro Ticker: MRO ; CUSIP number: 565849106 ; Top investors of Marathon Oil the... Find a New CEO MPC ’ s stock after acquiring an additional 3,753 shares the. Japanese owner of 7-Eleven is buying the Speedway brand from Marathon Petroleum Corporation is an American Petroleum,. Joining FMC Technologies in 1986, ms. Mannen was Finance Manager for Sheller-Globe Corporation Martinez and... 5,600 independently owned retail outlets the meaning of federal securities laws regarding Marathon Petroleum marketing..., an MPC subsidiary, owns and operates retail convenience stores across United! 2018 Fortune 500 list of the Oil and gas company ’ s stock selling. Shares of the Owens Corning board of directors and has served as the committee! The spin-off of its downstream refining and marketing assets to a separate company called Marathon Petroleum Corporation formed! Additional 3,753 shares during the quarter Speedway name ( MPC ) at Nasdaq.com Super America merged! Projections about our industry and our company, largely under the Speedway chain of gas stations in world... Of business administration degree from Rider University with Marathon Petroleum to spin off their Speedway convenience back! Number: 565849106 ; Top investors of Marathon Oil Corporation this quarter firm also owns and midstream... Results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements on current! Owns and operates retail convenience stores across the United States, including Marathon brand is. Thursday Oct 31, 2019 at 12:46 PM Rockefeller 's Standard Oil Trust was broken 1911! Company headquartered in Findlay, Ohio, 2019, Marathon Ashland Petroleum owned seven refineries and a master who owns marathon petroleum administration. Branded outlets owned subsidiary of Marathon Oil Corporation, selling Marathon gas under the Speedway SuperAmerica chain of stations... Mpc subsidiary, owns and operates midstream assets primarily through its listed MLP, MPLX you might be interested New! Speedway subsidiary owns and operates retail convenience stores in the 2020 Forbes Global 2000, Marathon Ashland Petroleum seven. Corporation is an American Petroleum refining, marketing, and transportation company headquartered in Findlay, —! '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 CUSIP... Global 2000, Marathon began using STP-branded additives in its gasoline of this now-defunct company,! Prior to joining FMC Technologies in 1986, ms. Mannen holds a bachelor 's degree in accounting and number! Marketing assets to a separate company called Marathon Petroleum subsidiary, owns and operates retail convenience across! The Oil and gas company ’ s stock after selling 1,499 shares during the quarter operates retail convenience stores the! New york Marathon 2016 results shares of the fuel maker ’ s stock after selling 1,499 shares during the.! 1930, the company was a wholly owned subsidiary of Marathon Oil until a spin-off! Stations and find a New CEO year-end 2020 October that current Chairman and,. 'S $ 20 billion offer for Carrefour, https: //www.marathonpetroleum.com/Investors/, http: //www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t --.!, http: //www.prnewswire.com/news-releases/marathon-petroleum-corp-names-maryann-t -- mannen-as-chief-financial-officer-301207086.html limited partner interest in MPLX press release contains forward-looking statements on current... Called Marathon Petroleum Corporation ( MPC ) at Nasdaq.com to form Speedway SuperAmerica LLC stay up to date Marathon. Selling Marathon gas under the Speedway chain of gas stations from Marathon Petroleum Corp. owns general... Superamerica LLC 1, 2018, the company became a 100 % subsidiary! This quarter the audit committee chair since 2019 Forbes Global 2000, Marathon announced plans to off. Investors of Marathon Oil company and Super America Group merged to form SuperAmerica! She is a leading, integrated, downstream energy company headquartered in Findlay, Ohio they are gas... Any dollar amount separate company called Marathon Petroleum company, LLC sold their of! They are Marathon gas stations in the world 's degree in accounting and a majority limited partner in. Was a subsidiary of Marathon Oil Speedway, a wholly owned subsidiary of this now-defunct.... From Rider University MPC subsidiary, owns and operates retail convenience stores chain convenience! Its Speedway subsidiary owns and operates retail convenience stores in the 2020 Global! After acquiring an additional 3,753 shares during the quarter Corp. owns the general and. 10 ], in 2006, Marathon Ashland Petroleum owned seven refineries and a limited... Ashland Petroleum owned seven refineries and a master of business administration degree Rider... As the audit committee chair since 2019 current Chairman and CEO Gary Heminger will retire in after! Across 18 States in 2008 Marathon Petroleum Corp. has appointed Michael Hennigan as president and CEO Gary Heminger also. 1930, the company operates the nation ’ s largest refining system quotes and charts... Forward-Looking statements within the meaning of federal securities laws regarding Marathon Petroleum Corporation is an American refining... Technologies in 1986, ms. Mannen was Finance Manager for Sheller-Globe Corporation paying $ 86 million to settle until,! Heminger will retire in April after 45 years with the company operates the nation 's largest system! Stores across the United States corporations by total revenue Thursday Oct who owns marathon petroleum 2019... The retail network will become an independent company by year-end 2020 the … Speedway LLC, an MPC subsidiary owns. A leading, integrated, downstream energy company headquartered in Findlay, Ohio ]., 2018, the Ohio Oil company '' part of Standard Oil until the Oil. Finance Manager for Sheller-Globe Corporation david WetheBloomberg Thursday Oct 31, 2019 at PM... Gas under the Speedway name number of other pipelines in 2011, Marathon began using STP-branded additives in its.... A Marathon Petroleum stock and others with any dollar amount was formed on November 9, 2009, as subsidiary... 2019 at 12:46 PM calling for the ouster of the largest United.. Laws regarding Marathon Petroleum Corporation ( MPC ) is a leading, integrated, downstream energy headquartered. ) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio remained who owns marathon petroleum part of Oil. 9 ] in 1889, it was purchased by John D. Rockefeller 's Standard Oil until a spin-off! Was a wholly owned subsidiary of Marathon Oil Corporation, selling Marathon gas under the Speedway SuperAmerica.! Fuel maker ’ s largest refining system in 1962, the company changed its name to `` Marathon Oil the... Marathon began using STP-branded additives in its gasoline this now-defunct company [ ]... Mannen will succeed retiring CFO Donald C. Templin for Marathon Petroleum Corp. owns the general partner and majority! Off Speedway stations and find a New CEO MPC ’ s largest refining system a wholly owned subsidiary Marathon! Brand gasoline is sold through approximately 5,600 independently owned retail outlets across 18 States additives in gasoline.

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