Marathon Petroleum Corp - Company Profile
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Marathon Petroleum Corp (MPC) is a downstream energy company that refines, markets and transports petroleum products. The company owns and operates refineries in the Gulf Coast and Midwest regions in the US. It also owns common carrier pipeline systems that transport crude oil and refined products to the company’s refineries, terminals, and other pipeline systems. With a number of convenience stores, MPC offers gasoline and a variety of products. An integrated system provides crude oil, feedstock, and petroleum-related products through a distribution network in the Midwest, East Coast, Southeast and Gulf Coast regions in the US. The company also has interests in gas processing plants, natural gas liquid (NGL) fractionation facilities and a condensate stabilization facility. MPC is headquartered in Findlay, Ohio, the US.
Headquarters
United States of America
Address
539 South Main Street, Findlay, Ohio, 45840
Website
www.marathonpetroleum.com
Telephone
1 419 4222121
No of Employees
18,200
Industry
Energy and Utilities
Ticker Symbol & Exchange
MPC (NYSE)
Revenue (2023)
$150.1B
EPS
XYZ
Market Cap*
$73.0B
Net Profit Margin (2023)
XYZ
-20.5%
* As of and is in US$
Marathon Petroleum Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Gasoline | Midstream Services | Speedway |
| Distillates | Retailing | Marathon |
| Lubricants | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company announced a collaboration with Blue Planet Systems to improve the commercialization of its technology. |
| 2023 | Corporate Changes/Expansions | In November, the company and ADM opened their joint venture soybean processing complex, Green Bison Soy Processing. |
| 2023 | Contracts/Agreements | In August, the company selected Topsoe as the technology provider for renewable fuels production at the Martinez Renewable Fuels Facility in California. |
Competitor Comparison
| Key Parameters | Marathon Petroleum Corp | Exxon Mobil Corp | Shell plc | BP Plc | Chevron Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United Kingdom | United Kingdom | United States of America |
| City | Findlay | Spring | London | London | San Ramon |
| State/Province | Ohio | Texas | England | England | California |
| No. of Employees | 18,200 | 62,000 | 103,000 | 87,800 | 45,600 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael J. Hennigan | Chief Executive Officer; Director | Executive Board | 2020 | 63 |
| John J. Quaid | Chief Financial Officer; Executive Vice President | Senior Management | 2024 | - |
| Maryann T. Mannen | President | Senior Management | 2024 | 60 |
| Molly R. Benson | Secretary; Vice President, Chief Securities, Governance & Compliance Officer | Senior Management | 2018 | 56 |
| Ehren D. Powell | Senior Vice President; Chief Digital Officer | Senior Management | 2020 | 43 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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