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About Marathon Petroleum
Industries
Energy
Company Size
10,001+
Company Stage
IPO
Headquarters
Findlay, Ohio
Founded
1887
Overview
Marathon Petroleum Corporation (MPC) operates in the energy sector, focusing on refining and marketing petroleum products. They process crude oil into usable products like gasoline, diesel, and jet fuel at the largest refining system in the United States, located in Findlay, Ohio. MPC has a wide network of branded retail locations, primarily under the Marathon brand, serving individual consumers and businesses that need bulk fuel supplies. Additionally, they have a midstream subsidiary, MPLX LP, which handles the gathering, processing, and transportation of crude oil and natural gas. This integrated business model allows MPC to manage multiple stages of the supply chain, optimizing operations and reducing costs. Their goal is to maintain competitiveness and profitability through strategic growth and operational excellence.
Simplify's Take
What believers are saying
- MPC's investment in biofuels aligns with sustainable energy trends.
- Partnership with Flyscan Systems could improve operational safety and efficiency.
- MPLX's Gulf Coast NGL strategy expansion boosts midstream capabilities.
What critics are saying
- Biofuel investments may divert resources from core refining activities.
- Departure of former general counsel may impact legal oversight.
- Involvement in Flyscan Systems may expose MPC to commercialization risks.
What makes Marathon Petroleum unique
- MPC operates the largest refining system in the United States.
- The company has an integrated business model from refining to retail.
- MPC's midstream operations through MPLX LP enhance its supply chain control.
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Funding
Total Funding
$380M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Company Match
Parental Leave
Professional Development Budget
Performance Bonus
Company News
FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 6, 2025, at 11 a.m. EDT to discuss 2025 first-quarter financial results.Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com.About Marathon Petroleum CorporationMPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system
Marathon Petroleum's Galveston Bay refinery has continued its commitment to environmental stewardship through an ongoing partnership with Trees For Houston, a non-profit dedicated to planting and conservation.
Comstock gains $14 million investment from Marathon to enhance biofuel operations.
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Progresses Gulf Coast NGL strategy with announcement of fractionation complex and export terminal. Full-year 2024 net income attributable to MPLX of $4.3 billion and adjusted EBITDA of $6.8 billion, up 10% and 8%, respectively, year over year. $3.9 billion of capital returned to unitholders in 2024, reflecting 12.5% quarterly distribution increase and $326 million of unit repurchases
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Fourth-quarter net income attributable to MPC of $371 million, or $1.15 per diluted share; adjusted net income of $249 million, or $0.77 per adjusted diluted share. Progresses Midstream Gulf Coast NGL strategy with MPLX's announcement of fractionation complex and export terminal. $10.2 billion of capital returned to shareholders through share repurchases and dividends in 2024
Marathon Petroleum is Hiring for 54 Jobs on Simplify!
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Software Engineering
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DevOps & Infrastructure
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Engineering Management
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Architecture & Civil Engineering
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AI & Machine Learning
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About Marathon Petroleum
Industries
Energy
Company Size
10,001+
Company Stage
IPO
Headquarters
Findlay, Ohio
Founded
1887
Marathon Petroleum is Hiring for 54 Jobs on Simplify!
Find jobs on Simplify and start your career today
IT & Security
4 Open Roles
Data & Analytics
2 Open Roles
Process Engineering
2 Open Roles
Software Engineering
2 Open Roles
DevOps & Infrastructure
2 Open Roles
Engineering Management
2 Open Roles
Architecture & Civil Engineering
2 Open Roles
Sales & Solution Engineering
1 Open Roles
AI & Machine Learning
1 Open Roles
Electrical Engineering
1 Open Roles
Lab & Research
1 Open Roles
People Also Viewed
Discover companies similar to Marathon Petroleum