Marathon Petroleum Company (MPC) is a fully owned, American subsidiary of the Marathon
Oil Corporation. The subsidiary was formed on September 1, 2005, from the
former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio.
Marathon
Ashland Petroleum, LLC was a US based petroleum corporation, formed
in 1998 from a merger of the downstream operations of Ashland, Inc., and Marathon
Oil. Its corporate headquarters were in Findlay. Marathon owned 62% percent
and Ashland owned 38% of this venture.
On September 1, 2001, Marathon
formed Pilot Travel Centers, LLC (PTC) in a joint venture with Pilot Corporation.
Each company owns 50% of PTC.
The Marathon Petroleum Company building
in Downtown Findlay, OH
The Marathon Petroleum Company building in Downtown
Findlay, OH
The Speedway SuperAmerica chain of convenience stores
was a subsidiary of this now-defunct company. In addition, Marathon Ashland
Petroleum owned seven refineries and a number of other pipelines. Following Ashland
shareholder and debt-holder approval, the company became fully owned by
Marathon Oil on June 30, 2005. The company was renamed Marathon Petroleum Company
on September 1, 2005. |
