Marathon Oil Corporation is engaged in worldwide oil exploration and production of crude oil and natural gas, as well as the domestic refining, marketing and transportation of petroleum products. Marathon Oil Corporation is headquartered in Houston; it is one of the leading oil companies with operations in four continents, including its location in Lafayette, La. Marathon Petroleum Company is a limited-liability company that is wholly owned by Marathon Oil Corporation. The company specializes as a cost-effective and competitive refining, marketing and transportation company that has more than $8 billion in assets. The company s network of operations encompasses more than 20 United States.