Marathon Petroleum Corporation (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 and other transportation fuels, as well as asphalt, propane, petrochemical feedstocks and related products.
Marathon Petroleum operates a network of refineries in the United States and markets refined products through wholesale channels, branded retail locations and commercial customers. Its fuel brands include Marathon and ARCO, with products distributed across various regions of the country. The company also supplies fuel to transportation, industrial, governmental and other customers.
Through its midstream subsidiary MPLX, Marathon Petroleum owns and operates pipelines, storage terminals, gathering and processing systems, fractionation facilities and marine transportation assets. These operations support the movement and handling of crude oil, natural gas, natural gas liquids and refined products across the United States.
Marathon Petroleum was established as an independent company in 2011 through the spinoff of Marathon Oil’s refining and marketing operations, although its business has roots dating to the late 19th century. The company is headquartered in Findlay, Ohio, and is led by President and Chief Executive Officer Maryann Mannen.
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