Full-Time
Process Safety Manager
Environmental, Safety & Security
Updated on 8/23/2026
Marathon Petroleum
10,001+ employees
Downstream energy company refining and marketing
No salary listed
No H1B Sponsorship
Salt Lake City, UT, USA
In Person
Relocation support is included.
Bachelor's
 Facilities Operations (1) |
|---|
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- A bachelor's degree in a technical field, preferably Chemical, Mechanical, Electrical, or Petroleum Engineering.
- Five years of engineering, refining, or midstream experience with a bachelor's degree, or ten years without a bachelor's degree, in areas such as operations, maintenance, engineering, technical services, process safety, environmental, or safety.
- Strong understanding of relevant regulations, Recognized and Generally Accepted Good Engineering Practices, and industry standards.
- Proficiency in Microsoft Word, Excel, and Outlook.
- Ability to wear appropriate personal protective equipment in the refinery and physically perform all field tasks, and pass a hair drug test and physical examination.
- Authorization to work in the United States on a full-time indefinite basis without employment visa sponsorship now or in the future.
- A valid driver's license.
- Provide guidance and leadership in developing, implementing, and executing Occupational Safety and Health Administration Process Safety Management, Environmental Protection Agency Risk Management Plan, and general duty requirement programs.
- Develop and track process safety goals and budgets, report leading and lagging metrics, drive continuous improvement opportunities, and ensure timely closure of process safety recommendations.
- Own implementation of process safety elements and programs, including Management of Change, Management of Organizational Change, Pre-Startup Safety Review, Process Hazard Analysis/Review, Layers of Protection Analysis, facility siting, incident investigations, compliance audits, and process safety risk calibration.
- Develop and support training on process safety topics, including Process Safety Management 101, Management of Change, incident investigation methodologies, Human and Organizational Performance, and Intelex.
- Ensure appropriate investigation classification and methodology are completed and documented for process safety incidents, review loss-of-primary-containment release calculations, and embed incident learnings.
- Coordinate Process Safety Management/Risk Management Plan compliance audits, collaborative audits, self-audits, regulatory inspections, insurance surveys, Department of Transportation audits, Process Safety Site Assessments, Operations Excellence Management System audits, and collaborative safety and environmental audits.
- Lead a team of process safety professionals to fulfill process safety objectives and provide coaching, mentoring, and professional development guidance.
- Excellent written and oral communication, organizational and planning, and facilitation skills.
- Experience with Power BI or a similar reporting and analytics system.
- Six to ten years of experience in a refining environment.
- Experience implementing Occupational Safety and Health Administration process safety standards.
temp
Company Size
10,001+
Company Stage
IPO
Headquarters
Findlay, Ohio
Founded
1887
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Simplify's Take
What believers are saying
- Q2 2026 net income hit $5.1 billion, and shareholders received $2.8 billion.
- MPC finished El Paso and Robinson upgrades in 2Q26, expanding specialty gasoline and jet output.
- MPLX lifted 2026 growth spending to $2.9 billion, accelerating Gulf Coast fractionation.
What critics are saying
- Marathon faces an open NLRB case in Carson alleging bargaining, discipline, and interrogation violations.
- El Paso's 97-year-old refinery needs TCEQ renewal; denial would slash MPC's cash flow.
- Q2 margins doubled on Strait of Hormuz disruptions, exposing earnings to geopolitical whiplash.
What makes Marathon Petroleum unique
- MPC runs the largest U.S. refining system and owns MPLX's midstream growth engine.
- Garyville, El Paso, and Robinson upgrades target higher-value jet fuel and specialty gasoline.
- MPLX's 2026 projects add Permian and Marcellus infrastructure, deepening feedstock and export flexibility.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Company Match
Parental Leave
Professional Development Budget
Performance Bonus
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 10%2 year growth
↑ 10%Are Phillips 66 (PSX) and Marathon Petroleum Corporation (MPC) still attractive after the $180 billion deal collapse? Published on August 20, 2026 at 6:43 pm by laiba immad in hedge funds, news. Reports surfaced on August 14that refining giants Phillips 66 (NYSE:PSX) and Marathon Petroleum Corporation (NYSE:MPC) held preliminary talks earlier this year regarding a potential $180 billion mega-merger. The deal ultimately collapsed, largely due to regulatory hurdles; combining the two entities would have concentrated roughly 25% of U.S. refining capacity under one roof, triggering intense antitrust scrutiny. With sources indicating talks are unlikely to resume anytime soon, investors are left evaluating how each company performs independently in a volatile energy market. Q2 2026 financial benchmark: strong execution across the board. Both refining juggernauts delivered powerhouse operational and financial metrics in the second quarter of 2026, benefiting from expanding crack spreads and robust demand. Phillips 66 (NYSE:PSX) posted reported earnings of $3.8 billion ($9.55 per share) and adjusted earnings of $3.8 billion ($9.41 per share), a steep sequential recovery from Q1. Operating cash flow reached $7.25 billion, enabling the company to aggressively pay down $6.6 billion in total debt, reducing net debt to $16.5 billion, while returning $887 million to shareholders via dividends and share buybacks. Operationally, PSX achieved 96% refining utilization, $24.08/bbl in realized refining margins, and record volumes in its Midstream NGL fractionation and LPG export businesses. Marathon Petroleum Corporation (NYSE:MPC) delivered an equally formidable quarter, generating $5.1 billion in net income attributable to MPC, or $17.73 per diluted share, and $8.5 billion in adjusted EBITDA. MPC's Refining & Marketing segment generated $6.66 billion in adjusted EBITDA, supported by strong refining margins of $36.33 per barrel and 94% crude capacity utilization. Leveraging its robust cash balance of $7.8 billion, MPC returned over $2.8 billion to shareholders during the quarter alone. When comparing raw earnings and capital returns, Marathon Petroleum outpaced Phillips 66 in top-line net profit ($5.1 billion vs. $3.8 billion) and per-barrel refining margins ($36.33 vs. $24.08). However, Phillips 66 demonstrated superior debt reduction and operational diversification across its midstream, chemicals, and renewable fuel segments. Bull and bear cases. Phillips 66's bull case is supported by its diversified portfolio beyond traditional refining, including chemicals through CPChem and expanding midstream assets such as the Zeus Gas Plant and Dos Picos II. The company's focus on strengthening its balance sheet, including billions of dollars in debt reduction during a single quarter, provides greater financial resilience, while its renewable fuels business has returned to profitability. However, the bear case is that prioritizing debt reduction limits the company's near-term share repurchase capacity compared with peers. Additionally, lower per-barrel refining margins relative to Marathon Petroleum make Phillips 66 less directly leveraged to short-term increases in refining crack spreads. Marathon Petroleum's bull case centers on its strong cash-generation capabilities and industry-leading refining margins of $36.33 per barrel. Its aggressive shareholder return strategy, supported by $6.1 billion in remaining share repurchase authorization, provides significant capital-return potential. High-return yield-enhancement projects at El Paso and Robinson, combined with steady growth from midstream subsidiary MPLX, further strengthen the long-term outlook. On the downside, Marathon's heavy reliance on refining makes it more vulnerable to regional margin compression, unplanned operational downtime, and rising costs. Operating costs increased to $5.72 per barrel in Q2, partly due to planned refinery turnarounds, creating additional pressure on near-term profitability. Insider Monkey's hedge fund data analysis. Insider Monkey's hedge fund database reveals shifting institutional interest in both refining stocks heading into 2026. Phillips 66 saw a slight decline in hedge fund ownership, held by 61 funds in Q4 2025 before settling at 64 funds in Q1 2026. High-profile positions include Paul Singer's Elliott Management, holding 19.25 million shares ($3.25 billion, representing 14.36% of its portfolio), and Cliff Asness's AQR Capital Management, which increased its stake by 33% to 4.49 million shares ($758.95 million). Marathon Petroleum experienced a drop in hedge fund conviction, moving from 64 fund holdings in Q4 2025 down to 54 funds in Q1 2026. Despite the net exit of some funds, top managers added aggressively: Cliff Asness's AQR Capital Management expanded its position by 92% to 828,334 shares ($211.78 million), while Maxime Fortin's Squarepoint Ops increased its holding by 50% to 554,045 shares ($141.65 million). Conclusion: what investors should watch next. While a combination between PSX and MPC would have created an unmatched refining empire, antitrust realities mean investors must trade them on their individual merits. Moving forward, investors should closely track refining crack spreads, domestic fuel demand, and how management teams allocate excess cash. For Phillips 66 (NYSE:PSX), monitor whether its massive debt reduction translates into accelerated stock buybacks in future quarters. For Marathon Petroleum Corporation (NYSE:MPC), watch whether it can sustain its premium margin capture while maintaining its aggressive capital return cadence. While we acknowledge the risk and potential of PSX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PSX and that has 10,000% upside potential, check out our report about this cheapest AI stock.
US refiners are reporting extraordinary earnings as global fuel shortages deepen despite falling crude prices. Brent crude has dropped to around $90 per barrel from a wartime peak of $126, but global refinery throughput in July was nearly 5 million barrels per day below year-earlier levels due to constraints in Middle Eastern refineries and Ukrainian attacks on Russian processing. US refiners have capitalised by running at record utilisation rates and exporting more fuel. Marathon Petroleum, Valero Energy and Phillips 66 shares have gained 110%, 98% and 75% respectively, outpacing the S&P 500 Energy sector's 36% gain. Marathon Petroleum earned $5.14 billion in the second quarter, more than quadruple the previous year, with revenue reaching $52.34 billion. The company's refining margins more than doubled to $36.33 per barrel.
Marathon Petroleum named a Top 100 Internship Program for the third consecutive year. 18 Aug 2026 Marathon Petroleum Corp. (MPC) has been named one of Yello and WayUp's Top 100 Internship Programs of 2026, marking the third consecutive year the company has earned national recognition for its internship and co-op experience. The annual recognition, announced in connection with National Intern Day, highlights MPC's commitment to providing internship and co-op experiences that help students build skills, stay engaged and explore pathways to successful full-time careers. "At MPC, we believe the future of energy starts with the people we invest. Through hands-on projects and mentorship, our interns and co-ops develop valuable skills, build professional connections and see how their contributions are part of something bigger. Their fresh perspectives strengthen our organization and help us meet the evolving energy needs of tomorrow," said Salina Cinco, Talent Acquisition Director. "Being recognized as a Top 100 Internship Program for a third consecutive year is an honor and a reflection of our continued commitment to creating meaningful early-career opportunities." Hundreds of employers submitted nominations for this year's Top 100 list, with finalists determined through input from industry experts and more than 100,000 public online votes. Since its launch by Yello and WayUp, the yearly Top 100 Internship Programs list has recognized standout internship programs based on factors including compensation, program structure, career development opportunities and company culture. MPC first earned a spot on the list in 2024 and has remained on the list through 2026, reflecting strong intern and co-op return rates and positive career outcomes across the company's early talent pipeline. For more than 50 years, MPC has been committed to developing early career talent supported by the company's Campus and Emerging Talent program. Each semester, MPC's Campus and Emerging Talent team visits colleges and universities across the country to recruit students for opportunities that support business needs and help build the company's future workforce. 2025 Intern and Co-op Program Highlights - MPC engaged with 45 universities across 18 states - 540+ interns and co-ops joined MPC from 80+ institutions spanning 32 states - 140+ interns and co-ops transitioned to full-time roles As MPC begins the fall recruiting season, the Campus and Emerging Talent team expects to fill more than 600 intern and co-op positions through the end of 2027, giving students more opportunities to gain practical experience, build professional skills and explore career paths in the energy industry.
Top U.S. refiners see profits soar, step up investor rewards. 8/13/2026 8:00:00 AM * Top refiners post combined second-quarter profit of $12.6 billion * Capital returns to shareholders hit $6.3 billion in second quarter * TD Cowen sees Marathon and Valero each repurchasing about 20% of market value Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining margins surging. Industry analysts said refiners' massive profits and strong buyback programs were likely to continue into the third quarter, underscoring how U.S. fuel makers have been among the biggest financial beneficiaries of the Iran war. The conflict has disrupted global energy shipping and made international buyers willing to pay more to lock in supplies. A wave of attacks on oil refineries in Russia has further tightened supplies, driving up prices for consumers who were already facing inflationary pressures. Three of the biggest U.S. independent oil refiners, Marathon Petroleum, Phillips 66 and Valero Energy, earned combined profits of $12.6 billion in the quarter, the most since Russia first invaded Ukraine in 2022. "To say that they made a lot of cash is an understatement," said Gabelli Funds portfolio manager Simon Wong. The three refiners returned $6.3 billion to shareholders through stock repurchases and dividends in the second quarter, according to Reuters calculations, the largest amount in more than two years. That compares with $2.6 billion returned during the same quarter a year ago, when profits totaled $2.9 billion. "We think the buyback programs will continue to be pretty robust for Valero and Marathon," said Jason Gabelman, an analyst at TD Cowen. Gabelman estimated that the two refiners will repurchase about 20% of their market value between the third quarter and the end of next year. Marathon is valued at about $91.3 billion while Valero is valued at around $90.1 billion. Phillips 66, with its greater focus on growth investments and debt reduction, is expected to repurchase roughly 10% of its market value of $81.2 billion, Gabelman said. In July, Phillips 66's board of directors approved a $10 billion increase to its share repurchase program. Valero Energy authorized a new $5 billion share repurchase program in addition to the remaining capacity under a prior $2.5 billion program, a filing showed. Smaller rival HF Sinclair raised its quarterly dividend by 5%. Year-to-date, shares of Marathon, the top U.S. refiner by volume, are up around 110% to about $342 on Wednesday. Shares of Valero, the second-largest U.S. refiner by capacity, are up more than 98%, while shares of Phillips 66 are up about 75%. That compares with the S&P 500 energy sector's .SPNY 36% increase so far this year. Cautiously optimistic. Disruptions to fuel supply that have tightened global inventories have pushed U.S. gasoline and diesel crack spreads, a measure of refiner profitability, to record levels. The ultra-low sulfur diesel futures crack spread jumped to a record high of $93.84 per barrel on August 10. The U.S. gasoline futures crack spread rose to $60 per barrel on July 17, its highest level since April 2020. The U.S. average price at the pump rose above $4 a gallon at the end of March for the first time in more than three years, the sharpest monthly rise in decades. Refining executives were cautiously optimistic heading into the second half of the year, which typically experiences seasonal weakness when gasoline and heating oil demand transition between peak summer driving and winter heating seasons. Product margins remain robust, but have eased from the stronger levels seen in the second quarter and the early part of the current quarter, Rick Hessling, chief commercial officer of Marathon, said during a call with investors earlier this month. Valero benefited from strong jet fuel margins in the second quarter, but that support has been absent so far in the third quarter, said Gary Simmons, chief operating officer at Valero Energy. However, an arbitrage opportunity has reopened for jet fuel exports to Europe, he said, and the company expects jet fuel margins to strengthen over the remainder of the quarter as refiners switch to winter diesel specifications. "I suspect we'll start to see jet strengthen as we move throughout the quarter," Simmons said.
Marathon Petroleum Corp 2Q 2026: revenue $51.99B, EPS $17.73 - 10-Q summary. Marathon Petroleum Corp reported second-quarter 2026 results with strong revenue and profit growth versus the prior-year quarter, driven by higher refined product prices, increased export activity and improved renewable diesel margins. Financial Highlights | Metric | Current quarter | Prior year quarter | YoY change | | Revenue[1] | $51.99B | $33.8B | 53.8% | | Net income[2] | $5.14B | $1.22B | 322.5% | | Diluted EPS[3] | $17.73 | $3.96 | 347.7% | 1 Reported as "Sales and other operating revenues". 2 Reported as "Net income attributable to MPC". 3 Reported as "Net income attributable to MPC per share". Business Highlights * Revenue growth and margin expansion were led by the Refining & Marketing segment as Q2 refined product prices and volumes rose, lifting per-barrel margins versus 2025. * Channel and product mix shifted toward higher export sales and renewed focus on U.S. refined products and renewable diesel, supported by regulatory credits. * Net refinery throughput dipped modestly due to planned turnarounds, but utilization remained high (around 91-94%), sustaining strong margins. * Midstream performance improved via MPLX optimization, acquisitions and Gulf Coast expansions in fractionation and exports, boosting throughput and midstream EBITDA. * Renewable diesel margins strengthened materially from higher regulatory credit values and sale prices, despite some joint-venture turnaround downtime. Original SEC Filing: Marathon Petroleum Corp [MPC] - 10-Q - Aug. 04, 2026 Disclaimer This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.