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Marathon Oil To Spin Off Refining Segment

Marathon Oil Corp. to focus on upstream responsibilities, while new Marathon Petroleum Corp. handles downstream business for the company, effective June 30. Marathon Oil Corp. plans to separate its upstream and downstream segments. The new Marathon Petroleum Corp. (MPC), which will be headquartered in Findlay, Ohio, will operate the company’s refining, marketing, terminals and pipelines,

Marathon Oil Implements Visa ReadyLink

Visa Inc. and Marathon Oil Corporation are rolling out Visa ReadyLink—Visa’s prepaid reload network—in 4,000 Marathon Brand retail stations. To date the service has rolled out to approximately 2,000 locations, with the remainder expected to be active by the end of 2010. Marathon markets through approximately 4,600 branded locations in 18 states in the Midwest

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