Alright, if you are a resident of the United States of America, then you may already be familiar with Marathon Petroleum company. Right? Well, that’s because they are one of the biggest players in the game when it comes to the petroleum refining and processing industry. If you own a vehicle and you use it pretty frequently, then chances are you may have fueled up your vehicle with the diesel or petrol that came from Marathon Petroleum company. And if that has got you thinking about this company even more then you are at the right place because we are about to give you a lowdown on a bunch of things like the net worth, a little bit of history, leadership, and a lot of other things related to Marathon Petroleum.
|Marathon Petroleum Origin Country||United States|
|Headquarters||Findlay, Ohio, U.S.|
|Marathon Petroleum CEO||Michael J. Hennigan|
|Marathon Petroleum Net Worth||$58.38 billion (as of October 2023)|
The Marathon Petroleum Story
So, let’s rewind to 1887. Imagine a group of oil-loving folks in Ohio thinking, “Why not team up?” And just like that, The Ohio Oil Company was born in the little town of Lima, Ohio. And, get this, in just two years, they weren’t just playing in the big leagues, they were leading them in Ohio! And yeah, the plot thickens when the big boss, John D. Rockefeller, and his Standard Oil crew, set their sights on them and, well, scooped them right up. But change was in the air! Just six years later, they were like, “Let’s shake things up!” and shifted their HQ to Findlay, Ohio. Jump to the 20th century, and these guys are laying down their first oil pipeline. But then, drama alert! In 1911, the U.S. Supreme Court was like, “Whoa, Standard Oil, slow down!” and decided they were a bit too powerful. So, Ohio Oil was flying solo again, and they were on fire! But by 1924, they hit the jackpot in Texas, and on top of that, they sealed the deal with Lincoln Oil Refining Company. Boom! Instant access to a refinery and a cool 17 service stations in Indiana. And what about the Marathon name? That came into the picture when they scooped up Transcontinental Oil.
Net Worth And Divisions
Well, first of all, Marathon Oil Corporation is the big player in the game when it comes to refining, transporting, and selling petroleum products. They branched out from Marathon Oil Corporation a while back to stand on their own two feet and did it pretty successfully! So, what do they do now? Well, a lot of things actually. For example, they’ve got refineries sprinkled across the U.S., making sure that fuels, asphalt, and some special products reach businesses and everyday folks like us. On top of that, They also make sure crude oil is collected, processed, and transported smoothly. Now, if you’re curious about their bank balance (who isn’t?), as of October 2023, they’re sitting on a sweet pile of around $58.38 billion. Which is their exact net worth as of now.