Marathon Petroleum
(NYSE: MPC)
78.92
-0.08
-0.10%
-0.08
-0.10%
MORE ON MPC
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Marathon Petroleum Corp |
| Industry: | Oil & Gas Refining & Marketing |
| Employees: | 25,985 |
DESCRIPTION
| Marathon Petroleum Corp is incorporated in the state of Ohio. The company Marathon Petroleum Corporation (MPC) is the name of the parent company which includes several subsidiary companies including Marathon Petroleum Company LP, Marathon Pipe Line LLC, and Speedway LLC. The company is the transportation of fuels refiner and the largest refiner in the Midwest. MPC’s refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the United States. Its operations are strategically located to serve major markets. They include a six-plant refining network, a comprehensive terminal and transportation system, and extensive wholesale and retail marketing operations. This includes both the Marathon Brand and MPC’s wholly owned retail marketing subsidiary, Speedway LLC, the nation’s fourth largest chain of company-owned and operated retail gasoline and convenience stores. Marathon Petroleum Corporation’s (MPC) operations include a six-plant refinery network with 1,142,000 barrels per day (bpd) of crude oil. The company's six refineries are managed as one integrated system, enhancing flexibility in supplying markets throughout the Midwest and Southeast. The company’s marketing organization is recognized as a consistent leader in the petroleum industry. It provides transportation fuels, asphalt and specialty products throughout the United States. Its comprehensive product line supports commercial, industrial and retail operations. The company is a large wholesale supplier of gasoline and distillate to resellers and consumers within its market area. Light products are sold through 62 company-owned and approximately 45 third party terminals throughout 18 states. On the retail side, and most visible to the consumer, are the approximately 5,100 Marathon branded stations, and approximately 1,350 outlets owned and operated by MPC subsidiary Speedway LLC. |
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