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Marathon Petroleum
Marathon Petroleum Corporation is an petroleum industry in the United States, American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. These formed The Ohio Oil Company established in Lima, Ohio. It became the largest oil producer in the state. By 1889, the company was acquired by the Standard Oil, Standard Oil Trust and six years later its headquarters was moved to Findlay, Ohio, Findlay. In 1906, the company built its first oil pipeline, which connected its facilities in Martinsville, Illinois, and Preble, Indiana. After the Supreme Court of the United States, United States Supreme Court ordered its parent company to break up as a result of the Sherman Antitrust Act, Sherman Anti-Trust Act in 1911, Ohio Oil again became independent. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Headquarters
Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, military organizations, religious groups, sports leagues and so on. It usually implies a geographically dispersed organization with a clear hierarchical structure. Corporate In the private sector, the corporate headquarters is the entity at the top of a corporation that takes responsibility for managing all business activities. The value added, intended benefit of headquarters is to carry out purposeful regulatory capacity and ensure corporate governance. The corporate headquarters is a key element of a corporate structure and covers different corporate functions including strategic planning, corporate communications, corporate tax, tax payments, legal, legal operations, marketing, finance, human resources, information technology, and pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewable Fuels
Renewable fuels are fuels produced from renewable resources. Examples include: biofuels (e.g. Vegetable oil used as fuel, ethanol, methanol fuel, methanol from Carbon Recycling International, clean energy and carbon dioxide or biomass, and biodiesel), Hydrogen fuel (when produced with renewable processes), and fully synthetic fuel (also known as electrofuel) produced from ambient carbon dioxide and water. This is in contrast to non-renewable resource, non-renewable fuels such as natural gas, Liquified petroleum gas, LPG (propane), petroleum and other fossil fuels and nuclear power, nuclear energy. Renewable fuels can include fuels that are synthesized from renewable energy sources, such as wind and solar. Renewable fuels have gained in popularity due to their sustainability, Carbon neutral, low contributions to the carbon cycle, and in some cases lower amounts of greenhouse gases. The geo-political ramifications of these fuels are also of interest, particularly to industrialize ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Preble, Indiana
Preble is an unincorporated community in Preble Township, Adams County, in the U.S. state of Indiana. It is approximately 4 miles west of Decatur, Indiana. History A post office was established at Preble in 1883. It was named from Preble Township. Sites Preble includes a post office, a volunteer fire department A volunteer fire department (VFD) is a fire department of volunteers who perform fire suppression and other related emergency services for a local jurisdiction. Volunteer and retained (on-call) firefighters are expected to be on call to respo ..., a granary and an outdoor arena. References Unincorporated communities in Adams County, Indiana Unincorporated communities in Indiana {{AdamsCountyIN-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Martinsville, Illinois
Martinsville is a city in Clark County, Illinois, United States. The population was 1,118 at the 2020 census. Geography According to the 2021 census gazetteer files, Martinsville has a total area of , of which (or 98.63%) is land and (or 1.37%) is water. Demographics As of the 2020 census there were 1,118 people, 526 households, and 376 families residing in the city. The population density was . There were 521 housing units at an average density of . The racial makeup of the city was 95.17% White, 0.09% African American, 0.09% Asian, 0.98% from other races, and 3.67% from two or more races. Hispanic or Latino of any race were 2.33% of the population. There were 526 households, out of which 36.7% had children under the age of 18 living with them, 43.16% were married couples living together, 14.64% had a female householder with no husband present, and 28.52% were non-families. 26.05% of all households were made up of individuals, and 14.83% had someone living alone who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Oil
Standard Oil Company was a Trust (business), corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil of Ohio, Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller. The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil Trust Agreement, which pooled their securities of 40 companies into a single holding agency managed by nine trustees. The original trust was valued at $70 million. On March 21, 1892, the Standard Oil Trust was dissolved and its holdings were reorganized into 20 independent companies that formed an unofficial union referred to as "Standard Oil Interests." In 1899, the ExxonMobil, Standard Oil Company (New Jersey) acquired the shares of the other 19 companies and became the holding company for the trust. Jersey Standard operated a near monopoly in the American oil industry from 1899 until 1911 and was the largest corp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lima, Ohio
Lima ( ) is a city in Allen County, Ohio, United States, and its county seat. As of the 2020 United States census, 2020 census, the city had a population of 35,579. It is located in northwest Ohio along Interstate 75 in Ohio, Interstate 75, approximately north of Dayton, Ohio, Dayton, southwest of Toledo, Ohio, Toledo, and southeast of Fort Wayne, Indiana. Lima was founded in 1831. The Lima Army Tank Plant, officially called the Joint Systems Manufacturing Center, built in 1941, is the sole producer of the M1 Abrams. It is the principal city of the Lima metropolitan area, Ohio, Lima metropolitan area, which had 102,000 residents in 2020 and is included in the Lima–Van Wert–Wapakoneta, OH, combined statistical area, Lima–Van Wert–Wapakoneta combined statistical area. History Establishment In the years after the American Revolution, the Shawnee were the most prominent residents of west central Ohio, growing in numbers and permanency after the 1794 Treaty of Greenville. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Marathon Petroleum Gas Station In Murphy, North Carolina 02
A, or a, is the first letter and the first vowel letter of the Latin alphabet, used in the modern English alphabet, and others worldwide. Its name in English is '' a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version is often written in one of two forms: the double-storey and single-storey . The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English, '' a'' is the indefinite article, with the alternative form ''an''. Name In English, the name of the letter is the ''long A'' sound, pronounced . Its name in most other languages matches the letter's pronunciation in open syllables. History The earliest known ancestor of A is ''aleph''—the first letter of the Phoenician ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original Capital stock, stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Headquartered
Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, military organizations, religious groups, sports leagues and so on. It usually implies a geographically dispersed organization with a clear hierarchical structure. Corporate In the private sector, the corporate headquarters is the entity at the top of a corporation that takes responsibility for managing all business activities. The intended benefit of headquarters is to carry out purposeful regulatory capacity and ensure corporate governance. The corporate headquarters is a key element of a corporate structure and covers different corporate functions including strategic planning, corporate communications, tax payments, legal operations, marketing, finance, human resources, information technology, and procurement. This entity includes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry In The United States
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by drilling, which is done after a study of the relevant structural geology, analysis of the sedimentary basin, and characterization of the petroleum reservoir. There are also unconventional reserves such as oil sands and oil shale which are recovered by other means such as fracking. Once extracted, oil is refined and separated, most easily by distillati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marketing
Marketing is the act of acquiring, satisfying and retaining customers. It is one of the primary components of Business administration, business management and commerce. Marketing is usually conducted by the seller, typically a retailer or manufacturer. Products can be marketed to other businesses (B2B Marketing, B2B) or directly to consumers (B2C). Sometimes tasks are contracted to dedicated marketing firms, like a Media agency, media, market research, or advertising agency. Sometimes, a trade association or government agency (such as the Agricultural Marketing Service) advertises on behalf of an entire industry or locality, often a specific type of food (e.g. Got Milk?), food from a specific area, or a city or region as a tourism destination. Market orientations are philosophies concerning the factors that should go into market planning. The marketing mix, which outlines the specifics of the product and how it will be sold, including the channels that will be used to adverti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Refinery
An oil refinery or petroleum refinery is an industrial processes, industrial process Factory, plant where petroleum (crude oil) is transformed and refining, refined into products such as gasoline (petrol), diesel fuel, Bitumen, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemical feedstock like ethylene and propene, propylene can also be produced directly by Cracking (chemistry), cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day. Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
