MPC 📈 Marathon Petroleum - Overview

Marathon Petroleum Corp, a prominent player in the energy sector, operates as a fully integrated downstream energy company, with its primary focus on the United States market. The company's operations are broadly categorized into two segments: Refining & Marketing, and Midstream. The Refining & Marketing segment is responsible for refining crude oil and other feedstocks at its refineries, which are strategically located in the Gulf Coast, Mid-Continent, and West Coast regions of the United States. This segment also purchases refined products and ethanol for resale, and distributes refined products through an extensive network of transportation, storage, distribution, and marketing services.

The company's refined products portfolio is diverse, including transportation fuels such as reformulated gasolines and blend-grade gasolines, heavy fuel oil, and asphalt. Additionally, the Refining & Marketing segment manufactures propane and petrochemicals, which are essential components in various industrial and commercial applications. Marathon Petroleum Corp sells its refined products to a wide range of customers, including wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets. The company also enters into long-term fuel supply contracts with direct dealer locations, primarily under the ARCO brand, to ensure a stable and consistent supply of its products.

The Midstream segment of Marathon Petroleum Corp plays a critical role in the company's overall operations, as it is responsible for transporting, storing, distributing, and marketing crude oil and refined products through a network of refining logistics assets, pipelines, terminals, towboats, and barges. This segment also gathers, processes, and transports natural gas, as well as gathers, transports, fractionates, stores, and markets natural gas liquids. With a rich history dating back to 1887, Marathon Petroleum Corp is headquartered in Findlay, Ohio, and has established itself as a leading player in the oil and gas refining and marketing industry, with a strong online presence at https://www.marathonpetroleum.com. The company's common stock is listed under the ISIN US56585A1025, and it operates within the GICS Sub Industry of Oil & Gas Refining & Marketing.