Marathon Petroleum (NYSE: MPC) — Company Overview, News & Financial Data
Marathon Petroleum is an integrated energy company focused on refining and marketing petroleum products across the US.
Marathon Petroleum
Marathon Petroleum is a downstream energy company headquartered in Findlay, Ohio, operating the largest petroleum refining system in the United States with 13 refineries across 12 states and approximately 3 million barrels per calendar day of crude oil refining capacity. The company distributes transportation fuels and petrochemical products through extensive wholesale channels and nationwide retail station networks, primarily under the Marathon and ARCO brand names. Its midstream operations are primarily conducted through its master limited partnership, MPLX LP, which manages crude oil and refined product gathering, processing, logistics, and terminal storage assets.
Snapshot
Operations
Products and/or services of Marathon Petroleum
- Petroleum Refining: Refining crude oil and feedstocks into transportation fuels, distillates, and petrochemical products across 13 US refineries, maintaining a total crude oil processing capacity of approximately 3 million barrels per calendar day.
- Midstream Logistics & Storage: Transporting, gathering, and storing crude oil and refined products through extensive pipeline networks, river marine fleets, and distribution terminals offering 40 million barrels of total terminal storage capacity.
- Natural Gas Processing: Gathering, processing, and fractionating natural gas and natural gas liquids across major shale producing regions, maintaining 11.2 billion standard cubic feet per day of natural gas processing capacity.
- Retail Fuel Distribution: Marketing automotive fuels, diesel, and convenience products through approximately 7,880 branded retail locations and over 1,160 direct dealer sites operating across multiple regions of the United States.
- Renewable Fuel Manufacturing: Processing renewable feedstocks into renewable diesel and low-carbon fuels using converted refining infrastructure and joint venture facilities to supply commercial and regulatory low-carbon fuel markets.
- Industrial & Unbranded Wholesale Marketing: Selling unbranded motor gasoline, ultra-low sulfur diesel, heavy fuel oil, paving asphalt, petroleum coke, and marine fuels directly to commercial, industrial, and wholesale transport customers.
Marathon Petroleum executive team
- Ms. Maryann T. MannenPresident, CEO & Chairman of the Board
- Mr. John J. QuaidExecutive VP & CFO
- Ms. Molly R. BensonChief Legal Officer & Corporate Secretary
- Mr. Rick D. HesslingChief Commercial Officer
- Ms. Kristina Anna KazarianVice President of Finance & Investor Relations
- Ms. Fiona C. Laird J.D.Senior VP of Communications & Chief Human Resources Officer
- Mr. Brian K. ParteeChief Business Transformation Officer
- Mr. James R. WilkinsSenior Vice President of Health, Environment, Safety & Security
- Mr. David R. HeppnerChief Strategy Officer & Senior VP of Business Development
- Mr. Ehren D. PowellSenior VP & Chief Digital Officer