bus 508 3rd ass

bus 508 3rd ass - Assignment#3 Production and Operations...

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Assignment #3 “Production and Operations Management” Presented by Rami C. Dirani To Dr. Maggie Seizer Strayer University Arlington, VA May 15, 2011
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Production and Operations Management 2 Marathon Petroleum Company (MPC) is a fully owned, American subsidiary of the Marathon Oil Corporation. The subsidiary was formed on September 1, 2005, from the former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio. (About Marathon Ashland Petroleum, LLC 2011) Marathon Ashland Petroleum, LLC was a US based petroleum corporation, formed in 1998 from a merger of the downstream operations of Ashland, Inc., and Marathon Oil. Its corporate headquarters were in Findlay. Marathon owned 62% percent and Ashland owned 38% of this venture. (About Marathon Ashland Petroleum, LLC 2011) On September 1, 2001, Marathon formed Pilot Travel Centers, LLC (PTC) in a joint venture with Pilot Corporation. Each company owns 50% of PTC. In 2008 Marathon Petroleum Company, LLC sold their ownership of the company to Pilot. The Speedway Super America chain of convenience stores was a subsidiary of this now- defunct company. In addition, Marathon Ashland Petroleum owned seven refineries and a number of other pipelines. Following Ashland shareholder and debt-holder approval, the company became fully owned by Marathon Oil on June 30, 2005. ("Aspects of Marathon's Acquisition of Complete Ownership of the Marathon Ashland Petroleum Joint Venture, 2011) The company was renamed Marathon Petroleum Company on September 1, 2005. (Marathon Market History, 2011) On January 13, 2011, Marathon Oil Company announced it would separate completely from Marathon Petroleum Company, creating 2 independent entities. As a result, Marathon Petroleum Company would exist as an independent downstream oil company, with focus on refining, pipeline, and marketing. The split is expected by Marathon executives to allow
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3 Marathon Petroleum Company to focus more directly on refining, pipeline and marketing portfolio enrichment while exposing each individual company as a possible takeover target. Analyze Marathon’s product process and determine which phase is open to the greatest
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bus 508 3rd ass - Assignment#3 Production and Operations...

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