In July 2011, Marathon completed the spin-off of its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Marathon Oil Corporation (NYSE: MRO) is an independent oil and natural gas exploration and production (E&P) company based in Houston, Texas. We're focused Heminger took charge of the fuel maker when it was spun off from Marathon Oil Corp. in 2011. Marathon Petroleum chief Gary Heminger will retire next year after almost a decade in charge, the U.S. refiner said on Thursday, as it announced plans to spin off its gas station business Speedway
On October 31, 2019, Marathon Petroleum (NYSE:MPC) announced, in conjunction with its third-quarter earnings report, that it would pursue a tax-free spin-off transaction of its retail business
30 Oct 2019 The spinoff of its chain is part of a general shakeup at the company. 13 Jan 2020 Marathon Petroleum, which was a subsidiary of Houston-based Marathon Oil until a 2011 spin-off, told Politico the company was making efforts Marathon Petroleum Corp. spun off from Houston-based Marathon Oil in 2011. But it's to the limit by company growth since its 2011 spinoff from Marathon Oil. 1 Jul 2011 Corporation (“Marathon Petroleum”), as of 11:59 p.m. Eastern Daylight Savings Time on June 30, 2011 to the holders of record of Marathon Oil
FINDLAY, Ohio — After a 10-month strategic review process, Marathon Petroleum Corp. (MPC) is spinning off Speedway LLC. The retail network will become an independent company by year-end 2020.
Marathon Petroleum (NYSE:MPC) +1.9% pre-market after reporting better than expected Q3 earnings, unveiled plans to spin off its Speedway gas station business and announcing the planned retirement Marathon Oil itself is a product of a spin-off. The company was a subsidiary of United States Steel until 2002 when it became an independent company. The news of the split comes one day after the ITT Corporation announced that it would break itself into three companies. ITT, an industrial conglomerate, weighed other options, including a sale, but ultimately chose to form three businesses focused on water, engineering and military contracting. Marathon Petroleum Corporation Spin-Off Effective June 30, 2011, Marathon Oil Corporation completed the spin-off of its wholly owned subsidiary, Marathon Petroleum Corporation into a separate independent publicly traded corporation to holders of record of Marathon Oil Corporation common stock on June 27, 2011.
31 Oct 2019 Chief Executive Officer of Marathon Petroleum Corporation (MPC), as president and CEO since the company's spin-off from Marathon Oil in
Marathon Petroleum chief Gary Heminger will retire next year after almost a decade in charge, the U.S. refiner said on Thursday, as it announced plans to spin off its gas station business Speedway Marathon Petroleum is preparing to spin off its gas-station chain and considering shaking up its executive leadership to appease activist shareholders, according to people familiar with the matter.
Marathon Petroleum chief Gary Heminger will retire next year after almost a decade in charge, the U.S. refiner said on Thursday, as it announced plans to spin off its gas station business Speedway
2 Nov 2019 Bowing to activist investors, Ohio refining company Marathon Petroleum is making changes to its top leadership team and is seeking to spin off 25 Jun 2019 I'll look at which company is the better stock. Marathon Oil shareholders prior to the spinoff now face several options. Do they sell their Though Marathon Oil had an established track record dating back more than a century, the spin-off of its downstream operations left the company at a The company, in its current form, came into existence following the 2011 spin-off of Houston, TX-based Marathon Oil Corporation's refining/sales business into a Post-corporate spin-off from Marathon Oil. The Marathon Petroleum campus.
30 Oct 2019 The spinoff of its chain is part of a general shakeup at the company.