Marathon Oil history

In 1889, it was purchased by John D. Rockefeller's Standard Oil.

In 1905 it moved its headquarters to Findlay.

1906 Ohio Oil’s first pipeline was constructed, running from Martinsville, Illinois, to Preble, Indiana.

Following the dissolution of the Standard Oil Company in 1911, the Ohio Oil Company had to seek new markets for the oil that it drilled.

1915 Ohio Oil created Illinois Pipe Line Company and immediately spun the company off.

1924 Lincoln Oil Refining Company was purchased, which included the Robinson refinery in Illinois and 17 Linco brand service stations in Robinson and Terre Haute, Indiana.

In 1930, the Ohio Oil Company also purchased the Transcontinental Oil Company and its Yates Oil Field in Texas.

1953 The Ohio Oil Company was the first to introduce the metal credit plate, the precursor to the credit card, to build loyalty.

1959 The Aurora Gasoline Company was purchased.

1960 Marathon Pipe Line Company was created as a subsidiary.

Ohio Oil finally adopted the name Marathon Oil Company in 1962.

1976 Emro Marketing was incorporated by Marathon Oil to oversee company-operated service stations.

1977 Marathon acquired the Garyville refinery in Louisiana.

In 1981, the United States Steel Company purchased Marathon Oil.

They found one in 1982 when United States Steel bought the company.

In 1984, Marathon purchased the United States unit of Husky Energy for $505 million.

1991 Emro moved into new corporate headquarters in Enon, Ohio.

1997 Emro was first recognized as Convenience Store Chain of the Year.

In 1998, Marathon purchased Ashland Oil, creating the Marathon Ashland Petroleum LLC.

In 2001 United States Steel was separated from USX, and the following year USX was renamed Marathon Oil Corporation.

In 2003, Marathon sold off its Canadian operations to Calgary-based Husky Energy.

2004 Ashland Inc. transferred its interest in Marathon Ashland Petroleum to Marathon Oil.

In 2007, Marathon acquired Western Oil Sands for $6.6 billion and gained ownership of its 20% stake in the Athabasca oil sands in northern Alberta and other assets in the midwestern United States.

2009 A $3.2 billion major expansion project at the Garyville refinery was completed.

2010 The St Paul Park refinery and Speedway SuperAmerica assets in Minnesota were sold.

2011 On July 1, 2011, Marathon Petroleum Corporation (MPC) became a stand-alone refining, marketing and transportation company, headquartered in Findlay, Ohio.

2012 MPC completed the Detroit Heavy Oil Upgrade Project at the Detroit refinery.

2013 MPC purchased the Galveston Bay refinery in Texas City, Texas.

In june 2014, Marathon Oil Norge AS (“Marathon Norway”) was acquired by Det Norske Oljeselskap ASA for USD 2.1 billon.”

2015 MPLX acquired MarkWest Energy Partners L.P., further growing MPLX’s midstream business.

2016 MPLX completed construction of the Cornerstone Pipeline in Ohio.

In 2017, it sold its interests in the Athabasca oil sands for $2.5 billion and acquired assets in the Permian Basin for $1.2 billion.

In March 2018, it sold its assets in Libya for $450 million to Total SE.