Marathon Oil • Marathon Petroleum Corporation •

 

Marathon Oil and Marathon Petroleum Corporation are two separate companies that were previously part of the same parent company, Marathon Oil Corporation. Marathon Oil Corporation is an independent energy company engaged in the exploration, production, and marketing of crude oil and natural gas. The company operates in several international locations, including the United States, Equatorial Guinea, and the United Kingdom. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas. Marathon Petroleum Corporation, on the other hand, is a separate company that was created in 2011 when Marathon Oil Corporation split into two separate entities. Marathon Petroleum Corporation is a downstream company that primarily focuses on refining, marketing, and transporting petroleum products. The company operates through its various subsidiaries and owns several refineries in the United States, including in Ohio, Michigan, Kentucky, and Louisiana. Marathon Petroleum Corporation is headquartered in Findlay, Ohio. It's worth noting that although Marathon Oil and Marathon Petroleum Corporation are separate companies, they both share a common history and legacy, having previously been part of the same parent company. To provide additional information, Marathon Oil Corporation and Marathon Petroleum Corporation have different business focuses and operate in different sectors of the oil and gas industry. Marathon Oil Corporation primarily engages in the upstream sector of the oil and gas industry, which involves exploration and production activities. This means the company searches for oil and gas deposits, drills wells, and extracts the oil and gas. Marathon Oil Corporation also engages in the marketing and transportation of its oil and gas products. Marathon Petroleum Corporation, on the other hand, operates in the downstream sector of the oil and gas industry, which involves refining crude oil into petroleum products such as gasoline, diesel, and jet fuel. The company also engages in the marketing and transportation of these products. Both companies have a significant presence in the United States, with Marathon Oil Corporation operating in several international locations as well. Marathon Petroleum Corporation is one of the largest petroleum refining companies in the United States, with a total refining capacity of approximately 3 million barrels per day. Overall, Marathon Oil and Marathon Petroleum Corporation are two separate companies that have different business focuses and operate in different sectors of the oil and gas industry. Despite being previously part of the same parent company, they now operate as independent entities. To further expand on their histories, Marathon Oil Corporation was originally founded in 1887 as The Ohio Oil Company and has a long and storied history in the oil and gas industry. The company was one of the first to drill for oil in the state of Ohio and has since grown to become a global energy company. Marathon Petroleum Corporation, on the other hand, was created in 2011 when Marathon Oil Corporation decided to split into two separate entities. The decision to split the company was driven by the belief that the two separate businesses would be better positioned to compete in their respective markets. Marathon Petroleum Corporation has since grown to become one of the largest petroleum refining companies in the United States, with a significant presence in the Midwest and Gulf Coast regions. The company operates a network of refineries and pipelines that transport petroleum products across the country. Marathon Oil Corporation, meanwhile, has focused on growing its international operations in recent years. The company has a significant presence in Equatorial Guinea, where it operates the Alba Field, one of the largest natural gas and condensate fields in the region. Marathon Oil Corporation also has operations in the United Kingdom and other international locations. Overall, both Marathon Oil and Marathon Petroleum Corporation have rich histories in the oil and gas industry and continue to be major players in their respective markets.