Marathon Petroleum could become Ohio’s largest company by sales

Marathon Petroleum Corp.’s purchase of Hess Corp.’s retail business in September could soon make it Ohio’s largest company by sales.

It already ranked second in 2013 with $100.25 billion in sales behind pharmaceutical and medical supply company Cardinal Health, of Dublin, which had $101.09 billion.

Marathon Petroleum’s Speedway subsidiary is expected to double its $14.5 billion in 2013 sales when it adds the 1,256 Hess stores in 16 East Coast and Southeastern states, said Fadel Gheit, senior energy analyst for Oppenheimer. Meanwhile, Cardinal Health’s sales are forecast to decline in 2014 after losing a $22 billion-per-year contract with Walgreen Co., the Journal-News, of Hamilton, reported.


About the Author