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Marathon Petroleum Corp: Overview

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. MPC sells gasoline and a range of merchandise through several convenience stores. 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 S Main St, Findlay, Ohio, 45840-3229


Telephone 1 419 4222121

No of Employees 17,700

Industry Energy and Utilities

Ticker Symbol & Exchange MPC (NYSE)

Revenue (2021) $120.9B 72.1% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 199.1% (2021 vs 2020)

Market Cap* $51.0B

Net Profit Margin (2021) XXX 157.6% (2021 vs 2020)

* As of and is in US$

Access premium data and analytics for Marathon Petroleum Corp

90+

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.

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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.

240+

Install Base

Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect.

2

IT Software Contracts

Improve competitive bidding with insight into all publicly disclosed IT software contracts by IT solutions areas for Marathon Petroleum Corp (including Enterprise applications, IT Security, Information Management, Cloud Computing, IoT and more).

1

IT Services Contracts

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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.

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Products and Services

Products Services Brands
Gasoline Midstream Services Speedway
Distillates Retailing Marathon
Lubricants
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XXX
XXX
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History

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

Year Event Description
2022 Contracts/Agreements In September, the company and Neste finalised a transaction to become equal partners in Marathon ’s Martinez Renewable Fuels project in California, the US.
2022 Others In August, the company announced to reposition its now-idled Martinez refinery in northern California’s San Francisco Bay area into a renewable fuels production site.
2022 Contracts/Agreements In June, the company, ADM along with local, state and federal policymaker announced the groundbreaking for North Dakota’s first dedicated soybean processing facility.
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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 Irving London London San Ramon
State/Province Ohio Texas Greater London - California
No. of Employees 17,700 63,000 82,000 65,900 42,595
Entity Type Public Public Public Public Public
Benchmark the company against the market with exclusive information on key competitors Benchmark the company against the market with exclusive information on key competitors Find out more
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; Director; President Executive Board 2020 62
Maryann T. Mannen Executive Vice President; Chief Financial Officer Senior Management 2021 59
Fiona C. Laird Senior Vice President - Communications; Chief Human Resources Officer Senior Management 2021 60
Ehren D. Powell Chief Digital Officer; Senior Vice President Senior Management 2020 42
Brian C. Davis Executive Vice President; Chief Commercial Officer Senior Management 2021 55
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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