Company Description
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States.
The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products through transportation, storage, distribution, and marketing services.
Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt.
This segment also manufactures propane and petrochemicals. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand.
The Midstream segment gathers, transports, stores, distributes, and markets crude oil and refined products, including renewable diesel and other hydrocarbon-based products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and transports, fractionates, stores, and markets natural gas liquids.
The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets, and distributes renewable diesel through its Midstream segment and third parties.
It sells renewable diesel to wholesale marketing customers, buyers on the spot market, and through long-term supply contracts to direct dealers who operate locations mainly under the ARCO brand.
Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
| Country | United States |
| Founded | 1887 |
| IPO Date | Jul 1, 2011 |
| Industry | Oil & Gas Refining & Marketing |
| Sector | Energy |
| Employees | 18,300 |
| CEO | Maryann Mannen |
Contact Details
Address: 539 South Main Street Findlay, Ohio 45840-3229 United States | |
| Phone | (419) 422-2121 |
| Website | marathonpetroleum.com |
Stock Details
| Ticker Symbol | MPC |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001510295 |
| CUSIP Number | 56585A102 |
| ISIN Number | US56585A1025 |
| Employer ID | 27-1284632 |
| SIC Code | 2911 |
Key Executives
| Name | Position |
|---|---|
| Maryann T. Mannen | President, Chief Executive Officer and Director |
| Michael J. Hennigan | Executive Chairman of the Board |
| Timothy J. Aydt | Executive Vice President of Refining |
| Gregory Scott Floerke | Executive Vice President and Chief Operating Officer of MPLX |
| John J. Quaid | Executive Vice President and Chief Financial Officer |
| Kristina Anna Kazarian | Vice President of Finance and Investor Relations |
| Molly R. Benson | Chief Legal Officer and Corporate Secretary |
| Fiona C. Laird | Senior Vice President of Communications and Chief Human Resources Officer |
| Brian K. Partee | Chief Global Optimization Officer |
| James R. Wilkins | Senior Vice President of Health, Environment, Safety and Security |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Mar 7, 2025 | PRE 14A | Other preliminary proxy statements |
| Feb 27, 2025 | 10-K | Annual Report |
| Feb 10, 2025 | 8-K | Current Report |
| Feb 7, 2025 | 424B5 | Filing |
| Feb 6, 2025 | FWP | Free Writing Prospectus |
| Feb 6, 2025 | 424B5 | Filing |
| Feb 4, 2025 | 8-K | Current Report |
| Jan 24, 2025 | 8-K | Current Report |
| Nov 5, 2024 | 10-Q | Quarterly Report |
| Nov 5, 2024 | 8-K | Current Report |