[[File:MarathonOilTowerHoustonTX.JPG|thumb|[[Marathon Oil Tower]], the headquarters of Marathon Oil]]
[[File:Marathon Station Red Lion OH.JPG|thumb|Marathon Gas Station in [[Red Lion, Ohio]].]]
[[Image:marathon refinery storage tanks.JPG|thumb|right|Marathon storage tanks, [[Findlay, Ohio|Findlay, OH]]]]
'''Marathon Oil Corporation''' ([[New York Stock Exchange|NYSE]]: [http://www.nyse.com/about/listed/quickquote.html?ticker=mro MRO]) is a [[United States]]-based [[oil]] and [[natural gas]] exploration and production company. Principal exploration activities are in the [[United States]], [[Norway]], [[Equatorial Guinea]], [[Angola]] and [[Canada]]. Principal development activities are in the [[United States]], the [[United Kingdom]], Norway, Equatorial Guinea, and [[Gabon]]. Marathon's headquarters facility is the [[Marathon Oil Tower]] in [[Houston]], [[Texas]].
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==History==
Marathon began as '''The Ohio Oil Company''' in 1887. In 1889, it was purchased by [[John D. Rockefeller]]'s [[Standard Oil]] trust. It remained a part of Standard Oil until the trust was broken in 1911. In 1930, The Ohio bought the [[Transcontinental Oil Company]], giving it the Marathon brand name. In 1962, the company changed its name to "Marathon Oil Company" after its main brand name. [[Mobil]] wanted to buy the company in 1981. The residents of [[Findlay, Ohio]], the corporation's home town, worried that the Findlay jobs would be lost so Marathon looked for a [[white knight (business)|white knight]]. They found one in 1982 when [[United States Steel]] bought the company. The headquarters moved to [[Houston, Texas|Houston]] in 1990 but the company maintains downstream operations in Findlay. 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.[[Category:All articles with unsourced statements]][[Category:Articles with unsourced statements from July 2011]][[Category:Articles with invalid date parameter in template]]
[[[Wikipedia:Citation needed|citation needed]]]
In 1998, Marathon and [[Ashland, Inc.]], formed [[Marathon Petroleum|Marathon Ashland Petroleum LLC]] to refine, market and transport [[crude oil]] and [[petroleum]] products, primarily in the Midwest, the upper Great Plains and southeastern United States.[[Category:All articles with unsourced statements]][[Category:Articles with unsourced statements from July 2011]][[Category:Articles with invalid date parameter in template]]
[[[Wikipedia:Citation needed|citation needed]]]
In 2003, Marathon sold off its Canadian operations to [[Calgary]]-based [[Husky Energy]]. In that same year, they sold off their interest in the giant [[Yates Oil Field]] to [[Kinder Morgan]].
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In late 2003, Marathon Oil and partners ([[Noble Energy]], AMPCO) started the Bioko Island Malaria Control Project (BIMCP) in Equatorial Guinea. Malaria control activities included indoor residual spraying, improved diagnosis and case management, and capacity building to contain future outbreaks. As of late 2005, BIMCP had proven being successful in reducing malaria transmission, reducing the proportion of children with malaria parasites, and improving iron status. 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. Equatorial Guinea's President Obiang Nguema is one of the world's worst dictators (Parade Magazine). Marathon's humanitarian efforts have mitigated some of the criticism resulting from their dealings with Nguema's regime.[[Category:All articles with unsourced statements]][[Category:Articles with unsourced statements from July 2011]][[Category:Articles with invalid date parameter in template]]
[[[Wikipedia:Citation needed|citation needed]]]
On January 13, 2011, Marathon moved forward with plans to [[Spin out|spin-off]] Marathon Petroleum. The spin-off was completed on July 1, 2011.
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==Environmental record==
The Political Economy Research Institute ranks Marathon Oil 96th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (1.5 million pounds in 2005) and toxicity of the emissions.
UNIQ1a50b69f30fdc9ee-nowiki-0000000D-QINU4UNIQ1a50b69f30fdc9ee-nowiki-0000000E-QINU In 2000, the Kentucky Natural Resources and Environmental Cabinet demanded that Marathon pay a $170,000 penalty for a pipeline spill earlier that year.
[5] This case was settled in 2002. That same year Texas sent a “Notice of Enforcement” citing Marathon for “excess air emissions” from its Yates Gas Plant.
[5] Marathon was prosecuted for air permit violations in 2003 by Louisiana. The Environmental Protection Agency then prosecuted Marathon for not following a pollution prevention plan as well as not complying with the stormwater permit.
[5]
In November 2006 The
Environmental Protection Agency published the list of
PCB violations by Marathon Oil company for sum of $38,000.
[6]
See also
References
External links
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[[United States Dollar|$]] 77.193 billion (''2008'')
$ 3.528 billion (''2008'')
