Marathon Petroleum Corporation (MPC) NYSE

186.27

+1.8(+0.98%)

Updated at October 20 04:00PM

Currency In USD

Marathon Petroleum Corporation

Address

539 South Main Street

Findlay, OH 45840-3229

United States of America

Phone

419 422 2121

Sector

Energy

Industry

Oil & Gas Refining & Marketing

Employees

18300

First IPO Date

June 24, 2011

Key Executives

NameTitlePayYear Born
Ms. Maryann T. MannenPresident, Chief Executive Officer & Director4.9M1964
Ms. Molly R. BensonChief Legal Officer & Corporate Secretary1.67M1967
Mr. Rick D. HesslingChief Commercial Officer1.74M1967
Mr. John J. QuaidExecutive Vice President & Chief Financial Officer2.06M1972
Mr. Timothy J. AydtExecutive Vice President of Refining2.45M1964
Mr. Michael J. HenniganExecutive Chairman of the Board5.87M1959
Mr. Brian K. ParteeChief Business Transformation Officer01974
Mr. James R. WilkinsSenior Vice President of Health, Environment, Safety & Security01967
Ms. Kristina Anna KazarianVice President of Finance & Investor Relations01983
Ms. Fiona C. LairdSenior Vice President of Communications & Chief Human Resources Officer01961

Description

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. 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 transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.