[18], List of oil exploration and production companies, https://www.macrotrends.net/stocks/charts/MRO/marathon-oil/revenue, "Top 100 producers and their cumulative greenhouse gas emissions from 1988-2015", "Mobil Corp. v. Marathon Oil Co.: Tender Offeror's Right to Injunctive Relief Recognized", "United States Steel Corporation Form S-4, September 7, 2001", "Marathon to Sell Interest in Yates Field to Kinder Morgan Energy Partners", "Investor Relations - Marathon Oil Corporation", "Marathon to buy Western Oil Sands for $6.5B", "Marathon spin-off gives Ohio fifth largest refiner", Evaluating the welfare implications of the first round of indoor residual spraying in Bioko Island, Equatorial Guinea, Marathon CEO discusses America's energy security (BIC Magazine, September 2007), International Association of Oil & Gas Producers, https://en.wikipedia.org/w/index.php?title=Marathon_Oil&oldid=997276634, Automotive companies of the United States, Natural gas companies of the United States, Companies listed on the New York Stock Exchange, Oil and gas companies of the United States, Articles with unsourced statements from July 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 30 December 2020, at 20:00. 1887. On July 1, 2011, Marathon Petroleum Corporation (MPC) became a stand-alone refining, marketing and transportation company, headquartered in Findlay, Ohio. Marathon Oil is an independent E&P company, based in Houston. Marathon acquired the Garyville refinery in Louisiana. Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions - Africa, Middle East, Europe and North America. Marathon Oil has acquired 10 companies, including 1 in the last 5 years. Small Cap Basic. View historical MRO stock price data to see stock performance over time. [12] The president of Equatorial Guinea, Obiang Nguema, is one of the world's worst dictators, according to Parade Magazine. In 1962, the company changed its name to "Marathon Oil Company". Today, MPC's marketing organization is recognized as a consistent leader in the petroleum industry, providing transportation fuels, asphalt and specialty products … The St. Paul Park refinery and Speedway SuperAmerica assets in Minnesota were sold. View daily, weekly or monthly format back to when Marathon Oil Corporation stock was issued. Marathon's humanitarian efforts have mitigated some of the criticism resulting from its dealings with Nguema's regime. Marathon began as The Ohio Oil Company in 1887. HOUSTON, Oct. 3, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO; ... All statements, other than statements of historical fact are forward-looking statements. A legal battle ensued thereafter.[6]. Ex-Div. From this humble beginning, we evolved into Marathon Petroleum Corporation. Building on a rich history, with pride in our past achievements, our strategy is resolutely focused on U.S. unconventional resource plays. Inspection of the Balance Sheet for Marathon Oil, which shows Marathon Oil's financial position, including historical assets, liabilities, equities and more. A total of 2 acquisitions came from private equity firms.It has also divested 4 assets.. Marathon Oil’s largest acquisition to date was in 2007, when it acquired Marathon Oil Canada for $6.2B.It’s largest disclosed sale occurred in 2019, when it sold Marathon Oil - U.K. Business to RockRose Energy for $140M. Marathon Oil came into being as a spin-off from United States Steel in 2002. Marathon Oil (MRO) has 4 splits in our Marathon Oil stock split history database. In 2008, Marathon Oil and Lestis Private Capital Group started the Central Basin Control Project (CBCP). Price: 8 ... Marathon Oil (MRO) Declares $0.05 Quarterly Dividend; 1.7% Yield; See More . Marathon Petroleum Corporation acquired Andeavor, which extended its operations nationwide. The acquisition included 1,256 stores in 16 states. [8], In 2001, USX, the holding company that owned United States Steel and Marathon, spun off the steel business and, in 2002, USX renamed itself Marathon Oil Corporation. BIMCP is perceived as a model of hands-on corporate involvement in a humanitarian effort with government, non-profits and academic organizations to reduce the burden of malaria in countries located in Equatorial Africa. Marathon Oil began as The Ohio Oil Company in 1887. MPLX completed construction of the Cornerstone Pipeline in Ohio. “Marathon Oil History. The name Emro came from adding an E to the New York Stock Exchange symbol for Marathon Oil (MRO). In 1889, it was purchased by John D. Rockefeller's Standard Oil.It remained a part of Standard Oil until Standard Oil was broken up in 1911. Marathon Oil and Ashland Inc. formed a joint venture named Marathon Ashland Petroleum LLC, which added refineries in Catlettsburg (Kentucky), Canton (Ohio) and St. Paul Park (Minnesota) as well as a private inland barge fleet. Investors should clearlly understend every aspect of the Marathon Oil dividend schedule including its future sustainability, and how it might inpact an overall investment strategy. Marathon Oil Company History Timeline 1887 In 1887, several small oil companies banded together to form The Ohio Oil Company. Marathon resisted a hostile takeover attempt by Mobil Oil Corporation and negotiated the sale of the company to U.S. Steel Corporation. Marathon Oil is incorporated in Ohio. The Ohio Oil Company was the first to introduce the metal credit plate, the precursor to the credit card, to build loyalty. Marathon Petroleum Corporation (MPC) has more than 130 years of experience in the energy business. In 1930, The Ohio bought the Transcontinental Oil Company, giving it the “Marathon” brand name. Corporate headquarters were moved to Findlay, Ohio. MRO's second split took place on May 07, 1991. [9], In 2003, Marathon sold its Canadian operations to Husky Energy. History. Marathon Petroleum Corporation (MPC) has more than 130 years of experience in the energy business. The Aurora Gasoline Company was purchased. We also have international operations in Equatorial Guinea. Monthly Subscription. [7], In 1998, Marathon and Ashland, Inc. contributed their refining operations to Marathon Ashland Petroleum LLC, now Marathon Petroleum. Ohio Oil’s Marathon service stations took on a new look, offering tires, batteries and accessories, and auto maintenance in the service bays. The first split for MRO took place on June 19, 2007. The company was founded in 1887 and is headquartered in Houston, TX. A $3.2 billion major expansion project at the Garyville refinery was completed. The Athabasca project's Muskeg River Mine was producing approximately 155,000 barrels a day of bitumen at the time. Marathon Oil Corporation is a leading exploration and production company with extensive … In 1889, it was purchased by John D. Rockefeller’s Standard Oil trust. In 1930 … [10], In 2003, the company sold its interest in the Yates Oil Field to Kinder Morgan for approximately $225 million. [11], In late 2003, Marathon Oil and its partners Noble Energy and AMPCO started the Bioko Island Malaria Control Project (BIMCP) in Equatorial Guinea. [1], In 2015, the company derived 13% of its revenues from sales to Irving Oil and 11% of its revenues from sales to Shell Oil. This was a 2 for 1 split, meaning for each share of MRO owned pre-split, the shareholder now owned 2 shares. In 1962, the company changed its name to "Marathon Oil Company". The Marathon Oil could be a main factor of why investors buy Marathon Oil stock. Marathon Oil Corp. history, profile and history video Marathon Oil Corp. is an international energy company engaged in exploration and production of oil sands mining and integrated gas with operations in the U.S., Angola, Canada, Equatorial Guinea, Ethiopia, Gabon, Kenya, the Kurdistan Region of Iraq, Libya, Norway, Poland and the United Kingdom. Malaria control activities included indoor residual spraying, improved diagnosis and case management, and capacity building to contain future outbreaks. For example, a 1000 share position pre-split, became a 2000 share position following the split. As of year-end 2014, Marathon had approximately 2.2 billion oil-equivalent barrels (BBOE) in … From this humble beginning, we evolved into Marathon Petroleum Corporation. [1], The company owns 277,000 net acres in the Bakken formation.[1]. Free real-time prices, and the most active stock market forums. 1906. Monthly Subscription. [17], In June 2014, Marathon Oil Norge AS (Marathon Norway) was acquired by Det Norske Oljeselskap ASA for US$2.1 billon. [4], Marathon Oil is responsible for 0.19% of global industrial greenhouse gas emissions from 1988 to 2015. Ashland Inc. transferred its interest in Marathon Ashland Petroleum to Marathon Oil. The Marathon Petroleum Story An Enduring Relationship with the American Driver In 1887, several small oil companies banded together to form The Ohio Oil Company. Emro moved into new corporate headquarters in Enon, Ohio. $33.03. The plant broadened MPC’s renewable fuels portfolio. [5], As of December 31, 2015, the company had 2.163 billion barrels of oil equivalent (1.323×1010 GJ) of estimated proven reserves, of which 44% was in the United States, 32% was in Canada, 12% was in Equatorial Guinea, and 11% was in other countries in Africa, primarily Libya. Im Jahr 1889 wurde das Unternehmen von der Standard Oil Company übernommen und in das Unternehmen eingegliedert. Our marketing organization shares our rich and dynamic history. Marathon Oil became an independent E&P company on July 1, 2011. All Marathon Oil Corp. historial stock quotes by MarketWatch. It remained a part of Standard Oil until Standard Oil was broken up in 1911. MARATHON OIL : Financial news and information Stock MARATHON OIL | Nyse: | Nyse Ohio Oil created Illinois Pipe Line Company and immediately spun the company off. Marathon Oil stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news. It remained a part of Standard Oil until the trust was broken in 1911. Ohio Oil Company’s stock was publicly traded on the New York Stock Exchange for the first time. MPC completed the Detroit Heavy Oil Upgrade Project at the Detroit refinery. Inspection of Marathon Oil's Income Statement. Assets in Minnesota were sold quotes by MarketWatch approximately 155,000 barrels a day of bitumen at the Garyville was... 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