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Violation Tracker Individual Record

Company: Marathon Petroleum Company
Current Parent Company: Marathon Petroleum
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Penalty: $1,000,000
Year: 2007
Date: August 1, 2007
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: energy market manipulation
Violation Description: The U.S. Commodity Futures Trading Commission announced the issuance of an order filing and simultaneously settling charges against Marathon Petroleum Company for attempting to manipulate a price of spot cash West Texas Intermediate crude oil delivered at Cushing, Oklahoma on November 26, 2003.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Ohio
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.