Marathon Oil to Spin Off Its Refining Business

by | Jan 13, 2011 | Towing | 0 comments

Marathon Oil, the fifth-largest oil refiner in the U.S., is spinning off its refining business into a new company called Marathon Petroleum. Marathon Oil, meanwhile, will reduce its debt as a result of the move and will focus on oil exploration and production.

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Marathon Oil to Spin Off Its Refining Business originally appeared on DailyFinance on Thu, 13 Jan 2011 20:00:00.

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