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 several 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.

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Headquarters United States of America

Address 539 South Main Street, Findlay, Ohio, 45840-3229


Telephone 1 419 4222121

No of Employees 18,200

Industry Energy and Utilities

Ticker Symbol & Exchange MPC (NYSE)

Revenue (2022) $150.1B -16.1% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ -33.3% (2022 vs 2021)

Market Cap* $60.8B

Net Profit Margin (2022) XYZ -20.5% (2022 vs 2021)

* As of and is in US$
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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 Retailing Marathon
Distillates Midstream Services Speedway
Asphalt
XYZ
XYZ
XYZ
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History

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

Year Event Description
2024 Acquisitions/Mergers/Takeovers In March, the company's subsidiary MPLX LP, entered into an agreement with WhiteWater, I Squared, and Enbridge Inc to combine the Whistler Pipeline and Rio Bravo Pipeline project in a newly formed joint venture.
2024 Acquisitions/Mergers/Takeovers In March, the company's subsidiary MPLX Delaware Basin Acquires Summit Midstream Utica for USD625 Million.
2024 Contracts/Agreements In February, the company signed an agreement to sell a 90% stake in its subsidiary Delaware Basin Residue LLC to WhiteWater DBR Holdco LLC.
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 18,200 62,000 103,000 87,800 45,600
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Michael J. Hennigan Chief Executive Officer; Director Executive Board 2020 64
John J. Quaid Executive Vice President; Chief Financial Officer Senior Management 2024 -
David R. Heppner Senior Vice President - Strategy and Business Development; Chief Strategy Officer Senior Management 2024 57
Molly R. Benson Chief Legal Officer; Secretary Senior Management 2024 57
Maryann T. Mannen President Senior Management 2024 61
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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