Marathon Petroleum Corp MPN

Overview

Marathon Petroleum Corporation, established in 1887 and based in Findlay, Ohio, functions as a comprehensive downstream energy entity within the United States, encompassing a broad spectrum of operations through its subsidiaries. The company is structured into two principal segments: Refining & Marketing, and Midstream. These segments collectively cover a range of activities including crude oil refining, the acquisition and resale of refined products and ethanol, distribution and marketing of renewable diesel, as well as the transportation, storage, and marketing of crude oil and refined products. Marathon Petroleum stands out for its extensive network of refineries across the Gulf Coast, Mid-Continent, and West Coast regions of the U.S., along with a significant presence in fuel supply and distribution nationwide and for international customers.

Products and Services

• Refined Petroleum Products:

  The Refining & Marketing segment of Marathon Petroleum takes charge of transforming crude oil and other feedstocks into a wide range of petroleum products. These products encompass transportation fuels like reformulated and blend-grade gasolines, heavy fuel oil, and asphalt, catering to the essential needs for transportation and construction industries. Additionally, this segment produces propane and petrochemicals, broadening the scope of its offerings beyond conventional fuel products.

• Retail and Wholesale Fuel Distribution:

  Marathon Petroleum plays a vital role in the distribution and marketing of refined products. The company ensures these products, including innovative solutions like renewable diesel, reach the market through various channels. This includes sales to wholesale marketing customers domestically and internationally, spot market transactions, and distribution to Marathon branded outlets operated by independent entrepreneurs. Furthermore, the company provides long-term fuel supply contracts, prominently featuring the ARCO brand, thereby ensuring a robust distribution network directly to dealers.

• Midstream Logistics and Services:

  The Midstream segment accentuates Marathon Petroleum’s strategic positioning within the energy supply chain by focusing on the transportation, storage, distribution, and marketing of crude oil and refined products. This is achieved through an array of logistics assets such as pipelines, terminals, towboats, and barges. Additionally, this segment is tasked with the gathering, processing, transportation, fractionation, storage, and marketing of natural gas and natural gas liquids, highlighting Marathon Petroleum’s commitment to supporting the entire lifecycle of energy production and distribution.