Marathon Petroleum Corp (MPC) company profile

Marathon Petroleum Corporation (MPC) is an integrated downstream and midstream energy company. It operates through three main business segments: Refining & Marketing, Midstream, and Renewable Diesel. The company refines crude oil and other feedstocks into transportation fuels, petrochemicals, propane, and asphalt, while also processing agricultural feedstocks into renewable diesel. Through its Midstream segment, primarily conducted via MPLX, it gathers, transports, stores, and distributes crude oil, refined fuels, natural gas, and natural gas liquids. MPC serves wholesale customers, buyers on the spot market, commercial and industrial consumers, chemical and agricultural entities, government bodies, direct dealers, and independent entrepreneurs who operate retail fuel outlets.

The company's operations span the United States and international markets. It operates thirteen refineries across the Gulf Coast, Mid-Continent, and West Coast regions, alongside dedicated renewable processing facilities and joint-venture sites. Its distribution network includes pipelines, inland product barges, towboats, marine tankers, transport trucks, and light products terminals. Its retail reach comprises 7,882 brand jobber outlets across 40 states, the District of Columbia, and Mexico, as well as 1,162 direct dealer locations concentrated primarily in Southern California. The provided text does not state the company's headquarters location.

Summary of the business section of Marathon Petroleum's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“As of December 31, 2025, we employed approximately 18,500 people in full-time and part-time roles.”