FINDLAY — Marathon Petroleum Corp. reported a 49 percent increase in its third quarter profits on Thursday, but the biggest news coming out of Findlay was Marathon Petroleum announced Thursday it intends to spin off its Speedway convenience store chain and has formed a special committee to look at a possible midstream spinoff, Kallanish Energy reports. “Our company has a history of bold strategic actions. Creating value for shareholders has always been and remains a top priority. Marathon Petroleum announced plans in October to spin off Speedway in a tax-free distribution to shareholders by the end of 2020. Speedway would pay a dividend to Marathon Petroleum, which would Oil refiner Marathon Petroleum Corp. is preparing to spin off its gas-station chain and considering shaking up its executive leadership to appease activist shareholders, including Elliott Management Corp., according to people familiar with the matter.
31 Oct 2019 Heminger has served as MPC's President and CEO since the company's spinoff from Marathon Oil in 2011, and as Chairman and CEO since
Marathon Petroleum is preparing to spin off its gas-station chain and considering shaking up its executive leadership to appease activist shareholders, according to people familiar with the matter. Marathon Petroleum Corp. buckled under pressure from activist investors and announced the spinoff of its Speedway gas-station retail business and the departure of Chairman and Chief Executive Marathon Petroleum Stock Off as Spinoff Is Planned, CEO to Retire, Earnings Beat Marathon Petroleum (MPC) - Get Report shares slipped Thursday as the oil refiner said that it would spin off a FINDLAY — Marathon Petroleum Corp. reported a 49 percent increase in its third quarter profits on Thursday, but the biggest news coming out of Findlay was Marathon Petroleum announced Thursday it intends to spin off its Speedway convenience store chain and has formed a special committee to look at a possible midstream spinoff, Kallanish Energy reports. “Our company has a history of bold strategic actions. Creating value for shareholders has always been and remains a top priority.
Marathon Petroleum announced Thursday it intends to spin off its Speedway convenience store chain and has formed a special committee to look at a possible midstream spinoff, Kallanish Energy reports. “Our company has a history of bold strategic actions. Creating value for shareholders has always been and remains a top priority.
Marathon Petroleum chief Gary Heminger will retire next year after almost a decade in charge, the U.S. refiner said on Thursday, as it announced plans to spin off its gas station business Speedway FINDLAY, Ohio — After a 10-month strategic review process, Marathon Petroleum Corp. (MPC) is spinning off Speedway LLC. The retail network will become an independent company by year-end 2020. Marathon Petroleum (NYSE: MPC) +1.9% pre-market after reporting better than expected Q3 earnings, unveiled plans to spin off its Speedway gas station business and announcing the planned retirement Marathon Oil (NYSE:MRO) became two companies June 30 when the refining and marketing assets of the business, commonly referred to as downstream, were spun off into Marathon Petroleum (NYSE:MPC), a separately owned and operated enterprise. The Marathon Oil Corporation announced plans on Thursday to spin off its downstream business, creating two independent businesses. The first, which will keep the Marathon Oil Corporation name, will Marathon Petroleum Corporation Spin-Off Effective June 30, 2011, Marathon Petroleum Corporation was spun-off from Marathon Oil Corporation into a separate independent publicly traded corporation to holders of record of Marathon Oil Corporation common stock on June 27, 2011. Marathon Petroleum Corporation Spin-Off Effective June 30, 2011, Marathon Oil Corporation completed the spin-off of its wholly owned subsidiary, Marathon Petroleum Corporation into a separate independent publicly traded corporation to holders of record of Marathon Oil Corporation common stock on June 27, 2011.
Marathon Petroleum announced plans in October to spin off Speedway in a tax-free distribution to shareholders by the end of 2020. Speedway would pay a dividend to Marathon Petroleum, which would
1 Nov 2019 Marathon spin-off of Speedway to give Enon new corporate HQ. As Marathon Petroleum spins off Speedway, the Dayton-Springfield area will than three million barrels per day of crude oil capacity across 16 refineries. 31 Oct 2019 Elliott had called on Findlay, Ohio-based Marathon, the second-largest U.S. oil refiner, to improve its performance by breaking itself up into three Marathon Petroleum Corp. buckled under pressure from shareholders and announced the spinoff of its retail fuel-station business and the departure of its Chairman and Chief Executive Officer, just Marathon Petroleum Plans to Spin Off Speedway: Report FINDLAY, Ohio — Marathon Petroleum Corp. is preparing to spin off its retail gas-station and convenience-store network and considering changes to its executive leadership to satisfy activist shareholders, sources familiar with the matter told The Wall Street Journal.
28 Oct 2019 Oil refiner Marathon Petroleum Corp. is preparing to spin off its gas-station chain and considering shaking up its executive leadership to
Marathon Petroleum chief Gary Heminger will retire next year after almost a decade in charge, the U.S. refiner said on Thursday, as it announced plans to spin off its gas station business Speedway FINDLAY, Ohio — After a 10-month strategic review process, Marathon Petroleum Corp. (MPC) is spinning off Speedway LLC. The retail network will become an independent company by year-end 2020.