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Findlay, Ohio
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1887
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AI fuel-pricing software triggered illegal gas price collusion, California lawsuit alleges. A federal class-action suit accuses Marathon, Circle K, and software company Kalibrate of violating the state's new 2026 algorithmic antitrust law. Gas station operators throughout California are using artificial intelligence software to illegally coordinate fuel costs and artificially inflate prices at the pump, a federal class-action lawsuit alleges. The complaint, filed Monday in California's Eastern District, accuses major fuel retailers including Marathon and Circle K of violating state antitrust regulations through their use of Kalibrate, a global fuel-pricing software system. Plaintiffs in the suit characterize the automated platform as the "central nervous system" of an illegal conspiracy designed to eliminate retail price competition among competing stations. According to the filing, Kalibrate's algorithm coordinates elevated pricing structures and actively discourages gas station owners from undercutting local competitors, warning users that lower prices could trigger a market "downward spiral." The software promises subscribers they can maximize both sales volume and profit margins simultaneously by utilizing automated, cooperative price adjustments. The legal challenge relies on a recently enacted state law, Assembly Bill 325, which took effect on Jan. 1, 2026. The legislation amended California's Cartwright Act to explicitly prohibit the use of shared pricing algorithms to fix market rates - a regulatory update originally introduced to combat similar software tools used by corporate landlords to set residential rents. Data cited in the lawsuit indicates that when multiple gas stations in a single geographic area utilize these algorithmic tools, local fuel prices can spike by an average of 4.5 percent. The plaintiffs also highlight a specific "restoration" feature within the software, which allegedly permits operators to systematically initiate or participate in synchronized, market-wide price hikes. Furthermore, the suit alleges that Kalibrate has improperly shared non-public, proprietary pricing data from existing users with prospective corporate clients to demonstrate the software's coordination capabilities. California motorists already face the highest fuel prices in the nation, driven in part by a state gas tax of 70.9 cents per gallon. The lawsuit underscores the severe financial impact on consumers, noting that every single-cent increase at the pump extracts an additional $134 million annually from California drivers.
UC Foundation Board of Trustees announces seven new members for 2026. The University of Cincinnati Foundation announced on June 17 that seven community members will join its board of trustees beginning in October 2026. The new appointees include Ray Brooks, Chris Carper, Tim Giglio, Nandita Jena, and Chris Lewis, along with student trustees Case Trokhan and Joseph Verry. Rich Bundy, president of the UC Foundation, said, "I am proud to welcome our new board of trustee members. Their leadership, experience and shared commitment to the progress of UC and UC Health will add greatly to our capacity to drive our mission forward." Ray Brooks previously served as executive vice president at Marathon Petroleum Corp. before founding RCRJ Consulting. He also serves as an adjunct professor at the University of North Carolina at Chapel Hill and is a member of the UC College of Engineering and Applied Science Advisory Council. Brooks said he hopes "to add value to the Foundation by bringing the same passion that I have for the university to other branches, including the engineering community." Chris Carper is director of solution engineering for cloud and AI at Microsoft in telecommunications, media and gaming sectors. Carper said he looks forward "to bringing that perspective to help strengthen how we connect donors, investments and impact." Tim Giglio is senior vice president at UBS Financial Services Inc., specializing in wealth management strategies; he has served on several local arts boards. Nandita Jena leads operational resilience efforts at CIBC US after holding risk management roles with multiple financial institutions. She said she hopes "to contribute to strengthening the connection between academia and industry" through her involvement with the foundation. Chris Lewis is vice president for Vituity as well as a professor with UC Health who has held various academic leadership roles within UC. Student trustees Case Trokhan - a recent graduate entering medical school - and Joseph Verry - a fourth-year MD/PhD student - will also serve on the board. The newly appointed trustees expressed intentions ranging from supporting student success initiatives to enhancing alumni engagement.
Marathon Petroleum tops U.S. Energy sector in 2026 Just Capital rankings for third consecutive year. April 28th, 2026 3 mins read Marathon Petroleum secures the top spot in Just Capital's 2026 rankings for the third year running, showcasing unparalleled ethical leadership and commitment to sustainability in the U.S. energy sector. Ethical leadership and corporate responsibility. In a landscape where corporate responsibility is paramount, Marathon Petroleum Corporation emerges as the beacon of ethical leadership in the U.S. energy sector. Just Capital's 2026 rankings reveal MPC's steadfast commitment to fostering positive impacts across its workforce, communities, and environment. Chief Business Transformation Officer Brian Partee's affirmation of MPC's dedication underscores the company's unwavering pursuit of sustainable practices. As the top-ranked energy company for the third consecutive year, MPC's recognition signifies a harmonious blend of profitability and purpose, setting a compelling standard for industry peers. Stakeholder engagement and positive impact. Marathon Petroleum Corporation's consistent focus on operating its business responsibly is reflected in its efforts to broaden its positive stakeholder impact. By prioritizing the well-being of employees, shareholders, and the communities where it operates, MPC not only meets the criteria set by Just Capital but also sets a benchmark for other companies in the energy sector. The company's recognition as the top U.S. energy company highlights its success in aligning business operations with the expectations of various stakeholders, showcasing a commitment to long-term sustainability and value creation. Transparency and ethical leadership. Transparency and ethical leadership are foundational pillars of Just Capital's evaluation criteria, and Marathon Petroleum Corporation excels in these areas. MPC's strong performance in disclosures related to career development, opportunities for local businesses, workforce demographics, and human rights underscores its commitment to open communication and ethical practices. By actively engaging in transparent reporting and ethical decision-making at the leadership level, MPC not only enhances its reputation but also builds trust with stakeholders, positioning itself as a model of integrity within the energy sector. Sustainability and environmental stewardship. As the top company in the U.S. energy sector for sustainability, Marathon Petroleum Corporation demonstrates a proactive approach to environmental stewardship. By emphasizing sustainability in its operations and embracing initiatives that reduce environmental impact, MPC showcases a commitment to mitigating climate change and promoting responsible resource management. Through initiatives outlined in its Sustainability Report, MPC not only fulfills regulatory requirements but also drives innovation in sustainable practices, setting a positive example for the industry as a whole. Conclusion. In a landscape where ethical leadership and corporate responsibility are imperative, Marathon Petroleum Corporation shines as a beacon of sustainable practices and transparency in the U.S. energy sector. Just Capital's recognition of MPC's unwavering commitment to stakeholder engagement, environmental stewardship, and ethical leadership underscores the company's exemplary status. As MPC sets the standard for profitability with purpose, it not only leads by example but also challenges industry peers to prioritize sustainability, setting a compelling precedent for a more responsible and transparent future in the energy sector.
Marathon Petroleum Corporation (NYSE: MPC) entered into a $5 billion, five-year revolving credit agreement on April 7, 2026, according to a company statement.The agreement involves JPMorgan Chase Bank as administrative...
Cliftonlarsonallen Wealth Advisors LLC, a financial advisory firm, purchased a new stake of 11,188 shares in Marathon Petroleum Corporation (NYSE:MPC) during the fourth quarter, according to a recent SEC filing. The new position was valued at approximately $1.82 million.
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Industries
Industrial & Manufacturing
Energy
Company Size
10,001+
Company Stage
IPO
Headquarters
Findlay, Ohio
Founded
1887
Find jobs on Simplify and start your career today