Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Marathon Petroleum history
Marathon Petroleum company history timeline
Marathon Petroleum Corporation was formed on November 9, 2009, as a subsidiary of Marathon Oil.
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.
In June 2013, Marathon sold its Angolan oil and gas field to Sinopec for $1.52 billion.
In September 2013, Marathon announced it would sell a 10% stake in an oil and gas field offshore Angola for around $590 million toSonangol Group.
In 2013, Marathon purchased numerous assets from BP including a 451,000 barrel per day refinery in Texas City, Texas, four light product distribution terminals, and retail marketing contracts for 1,200 retail stations throughout the southeastern United States.
In 2014, Marathon acquired Hess retail operations and related assets.
In 2014, Speedway LLC, a now-former subsidiary of the company, purchased the retail operations of Hess Corporation for $2.82 billion.
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 2016, a fire at the Galveston Bay refinery in Texas City, Texas, injured three contract workers, resulting in a lawsuit seeking $1 million in damages.
On April 30, 2018, Marathon agreed to buy Andeavor, an independent refinery and oil company based in the Western United States, for $23 billion.
On October 1, 2018, the merger was completed.
On October 31, 2019, Marathon announced plans to spin off their Speedway convenience stores.
2019 MPLX LP acquired Andeavor Logistics LP, creating a leading, large-scale, diversified midstream company.
Rate Marathon Petroleum's efforts to communicate its history to employees.
Marathon Petroleum jobs
Do you work at Marathon Petroleum?
Is Marathon Petroleum's vision a big part of strategic planning?
Marathon Petroleum competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tesoro | 1968 | $35.0B | 14,300 | 58 |
| Marathon Oil | 1887 | $6.7B | 1,672 | - |
| BP America Inc | 1909 | $164.2B | 70,100 | 72 |
| DuPont | 1802 | $12.4B | 34,000 | 375 |
| The Dow Chemical Company | 1897 | $43.0B | 54,000 | 128 |
| Pfizer | 1849 | $63.6B | 78,500 | 412 |
| Northern Tier Energy LP | 2010 | $5.6B | 2,950 | - |
| 3M Company | 1902 | $24.6B | 94,987 | 930 |
| Andeavor | 1968 | $35.0B | 14,300 | - |
| The AES | 1981 | $11.1B | 8,000 | 195 |
Marathon Petroleum history FAQs
Zippia gives an in-depth look into the details of Marathon Petroleum, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Marathon Petroleum. The employee data is based on information from people who have self-reported their past or current employments at Marathon Petroleum. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Marathon Petroleum. The data presented on this page does not represent the view of Marathon Petroleum and its employees or that of Zippia.
Marathon Petroleum may also be known as or be related to Marathon Petroleum and Marathon Petroleum Corporation.