Marathon Oil in North America, including $600 million in the Eagle Ford and $200 million in the Bakken formation. The company owns 277,000 net acres in the Bakken formation. Marathon began as The Ohio Oil Company in 1887. In 1889, it was purchased by John D. Rockefeller's Standard Oil. It remained a part of Standard Oil until Standard Oil was broken in 1911. In 1930, The Ohio Oil Company bought the Transcontinental Oil Company and established the "Marathon" brand name. In 1962, the company changed its name to "Marathon Oil Company". In 1982, Mobil made a hostile offer to buy the company;
Standard Oil Co. v. United States (Standard Stations) of extensive scholarly commentary. Defendant Standard Stations, Inc., a wholly owned subsidiary of defendant Standard Oil Company of California (Socal) (now named Chevron Corporation), managed gasoline filling stations that Socal owned and leased to independent businessmen. It also supplied gasoline to locally owned and operated filling stations that used the Standard Stations brand name The "Standard Stations" case involved the distribution of petroleum products and automobile accessories. The US oil industry had relatively few producers, each having substantial shares of the market. They were integrated with their retail outlets by requirements contracts. These contracts bound the retail outlets to obtain