Marathon Petroleum Corp - Company Profile

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Marathon Petroleum Corp: Overview

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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.

 Gain a 360-degree view of Marathon Petroleum Corp and make more informed decisions for your business Gain a 360-degree view of Marathon Petroleum Corp and make more informed decisions for your business Find out more
Headquarters United States of America
Address 539 South Main Street, Findlay, Ohio, 45840
Website www.marathonpetroleum.com
Telephone 1 419 4222121
No of Employees 17,800
Industry Energy and Utilities
Ticker Symbol & Exchange MPC (NYSE)
Revenue (2022) $178.9B 48% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 49.1% (2022 vs 2021)
Market Cap* $56.0B
Net Profit Margin (2022) XYZ 0.8% (2022 vs 2021)
* As of and is in US$
View Marathon Petroleum Corp financials
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Marathon Petroleum Corp premium industry data and analytics

80+

Midstream

Midstream database provides details on global active, upcoming , decommissioned, and cancelled oil & gas pipelines, LNG regasification and liquefaction terminals, liquid storage terminals, underground gas storage facilities, and gas processing plants.

13+

Petrochemical Plants

Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants.

13+

Downstream

View detailed information on global active, upcoming , decommissioned, and cancelled crude oil refineries, heavy oil upgraders and condensate splitters.

1

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Marathon Petroleum Corp (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Marathon Petroleum Corp’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Gasoline Midstream Services Speedway
Distillates Retailing Marathon
Lubricants
XYZ
XYZ
XYZ
Understand Marathon Petroleum Corp portfolio and identify potential areas for collaboration Understand Marathon Petroleum Corp portfolio and identify potential areas for collaboration Find out more

History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
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.
2023 Acquisitions/Mergers/Takeovers In March, the company announced the acquisition of a 49.9% stake in LF Bioenergy from Cresta Fund Management for US$50 million.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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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 17,800 62,000 93,000 67,600 43,846
Entity Type Public Public Public Public Public
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Find out more
Executives
Name Position Board Since Age
Michael J. Hennigan Chief Executive Officer; President; Director Executive Board 2020 63
Maryann T. Mannen Executive Vice President; Chief Financial Officer Senior Management 2021 60
Molly R. Benson Vice President, Chief Securities, Governance & Compliance Officer; Secretary Senior Management 2018 56
Fiona C. Laird Chief Human Resources Officer; Senior Vice President - Communications Senior Management 2021 61
Ehren D. Powell Chief Digital Officer; Senior Vice President Senior Management 2020 43
Non Dignissim Eros Proin vel Convallis 2023 XY
Non Dignissim Eros Proin vel Convallis 2023 XY
Non Dignissim Eros Proin vel Convallis 2023 XY
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