Marathon Petroleum (NYSE:MPC) (NYSE:MPC) is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, asphalt, propane and other refined products used by consumers, businesses and industrial customers.
Marathon Petroleum operates refineries and related logistics assets in the United States, with a refining and marketing presence serving markets across the Midwest, Gulf Coast and West Coast. Its marketing activities include the wholesale distribution of refined products and the supply of fuel to independent stations operating under the Marathon brand, as well as commercial, industrial and transportation customers.
The company also has midstream operations through its relationship with MPLX Inc., a publicly traded master limited partnership sponsored by Marathon Petroleum. MPLX owns and operates pipelines, storage facilities, terminals and other infrastructure that supports the gathering, processing, transportation and storage of crude oil, natural gas and natural gas liquids.
Marathon Petroleum was formed in 2011 through the separation of Marathon Oil Corporation's refining and marketing operations from its exploration and production business. The company is headquartered in Findlay, Ohio, and is led by President and Chief Executive Officer Maryann Mannen.
