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U.S. Steel agrees to pay $6.3 billion for Marathon Oil

Marathon Oil Corporation was an American company engaged in hydrocarbon exploration.

Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.

Marathon was founded in 1887 in Lima, Ohio, as the Ohio Oil Company. In 1899, the company was acquired by the Standard Oil Company (New Jersey). After the antitrust case against Jersey Standard in 1911 and subsequent breakup of its holdings, Ohio Oil once again became an independent company. In 1930, Ohio Oil acquired the Transcontinental Oil Company, which operated the "Marathon" brand of retail fuel stations. Ohio Oil continued to use the Marathon brand, and in 1962, Ohio changed its name to the Marathon Oil Company.

In January 1982, Marathon was acquired by U.S. Steel.

Historical Significance

Marathon Oil Corporation was an American company engaged in hydrocarbon exploration.

Events Before

  1. Chrysler Europe is renamed Talbot

    Chrysler Europe was the American automotive company Chrysler's operations in Europe from 1967 through 1978.

  2. Real Records releases "Pretenders" in the UK, the debut album by The Pretenders

    Pretenders is the debut studio album by British-American band the Pretenders, released in January 1980. A combination of rock and roll, punk and new wave music, it was an immediate success.

  3. Pink Floyd's double album "The Wall" hits #1

    The Wall is the eleventh studio album by the English rock band Pink Floyd, released on 30 November 1979 by Harvest CBS Records. It is the last album to include all four post-Barrett-era band members.

  4. US President Jimmy Carter announces a US boycott of the 1980 Summer Olympics in Moscow after the Soviet invasion of Afgh

    US President Jimmy Carter announces a US boycott of the 1980 Summer Olympics in Moscow after the Soviet invasion of Afghanistan

  5. Cypriot-American model Angie Bowie (30) divorces British singer David Bowie (33) after just under 10 years of marriage

    Cypriot-American model Angie Bowie (30) divorces British singer David Bowie (33) after just under 10 years of marriage

Events After

  1. The "Epic in Miami," played in 85°F heat, sees the San Diego Chargers defeat the Miami Dolphins 41-38 in overtime in the

    The "Epic in Miami," played in 85°F heat, sees the San Diego Chargers defeat the Miami Dolphins 41-38 in overtime in the AFC Divisional Playoff, setting numerous playoff scoring records

  2. Paul Belmondo dies

    Paul Belmondo dies

  3. "Thirtysomething" stars Ken Olin and Patricia Wettig meet; they later marry

    "Thirtysomething" stars Ken Olin and Patricia Wettig meet; they later marry

  4. American singer Barbra Streisand and hairdresser/film producer Jon Peters' romantic relationship ends

    Barbara Joan "Barbra" Streisand is an American singer, actress, songwriter, producer, and director.

  5. NFC Championship, Candlestick Park, SF: San Francisco 49ers defeat Dallas Cowboys 28-27; "The Catch," an iconic moment i

    NFC Championship, Candlestick Park, SF: San Francisco 49ers defeat Dallas Cowboys 28-27; "The Catch," an iconic moment in NFL history, Dwight Clark makes a fingertip touchdown catch from Joe Montana with 58 seconds remaining; SF goes on to win the Super Bowl

More from the 1980s

Frequently Asked Questions

What happened on November 19, 1981?
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company. Marathon was founded in 1887 in Lima, Ohio, as the Ohio Oil Company.
Why is U.S. Steel agrees to pay $6.3 billion for Marathon Oil significant?
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration.

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