Full-Time
Downstream energy company refining and marketing
No salary listed
Indianapolis, IN, USA + 1 more
More locations: Findlay, OH, USA
Hybrid
Hybrid schedule with travel to field or fabrication sites up to 25–35% of the time. Relocation assistance is available.
Bachelor's
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temp
Company Size
10,001+
Company Stage
IPO
Headquarters
Findlay, Ohio
Founded
1887
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Health Insurance
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401(k) Company Match
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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.
Marathon Petroleum's $5.1B profit shines bright in Q2. Unpacking MPC's massive quarter. Dive straight into the ocean of financial bliss MPC is basking in this quarter. $5.1 billion of net income, $17.73 per diluted share - these aren't just numbers, they're a stark reminder of Marathon Petroleum Corporation (NYSE: MPC)'s heated stride through the industry in Q2 2026. Key performance metrics: numbers tell all. First off, let's talk adjusted EBITDA: a skyrocketing $8.5 billion, compared to 2025's more modest $3.3 billion. This price tag? It's an accolade to their operational finesse and commercial might. Breaking it down further: * Refining & Marketing segment churned out $6.7 billion in adjusted EBITDA. * Midstream pitched in with $1.8 billion, keeping the wheels greased despite some asset divestitures. * Renewable Diesel flipped the script from negatives in 2025 to a $258 million positive note. Cash generation prowess shone through as well with a whopping $2.8 billion capital returned to shareholders, and a $6.1 billion kitty still available for future share repurchases. Strategic enhancements and investments. This ain't just about dividend boosts and share buybacks for MPC. It's about strategic refinery upgrades that power this profit machine smoothly. Yield-improving investments in El Paso and Robinson expand their output capabilities to tap high-demand regions like El Paso, Phoenix, and Mexico for gasolines, not to mention the incremental jet fuel production running strong. "MPLX's execution supports durable growth and increasing distributions," noted CEO Maryann Mannen. That's some real confidence being put behind their infrastructural prowess. Driving growth in natural gas and NGL. MPLX, the midstream arm of MPC, is rolling the dice with a hike in growth capital for 2026. They're expecting a 12.5% growth in distributions all thanks to strategic maneuvers like their Gulf Coast fractionation project. By anchoring investments in prolific basins such as the Permian and Marcellus, MPLX is taking a no-nonsense approach to meet global energy demands. * New projects like the Harmon Creek III gas processing plant are set to gear up in August 2026. * Pipelines like Bay Runner reinforce their stance and bring a 5.3 Bcf/d capacity to the table. What's on the Horizon? As MPC is shoring up infrastructure, both refining and midstream, the outlook remains rosy. Refining and marketing costs are expected to stabilize with a continuing eye on cost reduction and efficiency gains. Chairman Maryann Mannen's team is clearly committed to capitalizing on the macroeconomic tailwinds and refining sector crack spread expansions. Drawing future prospects with an assertive approach, MPC's projected operating costs for Q3 2026 lean slightly lower per barrel, to around $5.60. Compelling numbers for investors. Hey, take a gander at the refining margins: $36.33 per barrel in 2026, a sharp contrast to last year's $17.58. Such massive profits aren't conjured with smoke and mirrors; these are tangible returns from strategic foresight and sectoral dominance. As the storm of strong fundamentals and strategic initiatives brews, all eyes remain peeled on how MPC continues to steer its ship. They're growing distributions while expanding natural gas and LNG capacities, ensuring the refineries are working at their peak. For the savvy player in the energy space, Marathon's performance sets the benchmark high. Even amidst a slightly volatile market condition, their well-placed bets and sturdy investments keep them squarely at the helm. For now, MPC isn't just riding the wave; they're driving the tide.
Marathon hosts YISD summer interns. * By El Paso Inc. staff * Jul 30, 2026 Updated Jul 30, 2026 * 0 Marathon Petroleum hosted five career and technical education students from the Ysleta Independent School District as summer interns at its El Paso refinery. The students, who worked at the refinery from June 1 through July 31, gained hands-on experience in information technology, engineering, maintenance inspectionand environmental operations. The internship program, offered through Marathon's partnership with YISD, provides students with workplace experience aligned with their career and technical education programs. (0 Ratings) We're always interested in hearing about news in our community. Let us know what's going on!
Every conversation comes back to getting everyone home safe. From trade shows in Texas to lecture halls in London, CBS ArcSafe is committed to sharing its expertise to keep workers safe. No matter how many customers, partners, and industry events CBS ArcSafe visit, CBS ArcSafe never get tired of talking about electrical safety. Engineering industry-leading solutions that help every worker return home safely is its mission. That commitment recently took the CBS ArcSafe team to Houston for the International Liquid Terminals Association (ILTA) Conference & Trade Show, where CBS ArcSafe were honored to present alongside Marathon Petroleum on a subject that sits at the center of everything CBS ArcSafe do: "Ensuring Personnel Safety During Electrical Equipment Isolation." The session explored the hazards of operating electrical distribution gear, how to read incident energy and approach boundaries, and how remote operation technologies can move personnel outside the arc flash boundary while equipment is safely isolated. Ben Walterscheid, VP of power products at Group CBS; Kyle Fincher, CBS ArcSafe operations manager; and Doug Hendershot, Group CBS strategic sales executive for oil and gas, also met with customers, partners, and industry professionals to discuss remote switching, remote racking, and the complete electrical lifecycle support that Group CBS provides. Electrical Safety around the world. The electrical safety mission is what connected the trip to Houston with a second stop this summer, an ocean away: the SKANWEAR Global Electrical Safety Conference at the Royal Institution in London. Ben had the opportunity to visit the legendary institution, where many groundbreaking scientific discoveries and world-changing discussions have taken place, and participate in the "Designing for Electrical Safety - Risk Reduction Methods" panel. He joined other industry experts to discuss how engineering decisions across the electrical lifecycle - from arc flash mitigation to smarter equipment layout - can improve both worker safety and system reliability well before a technician ever approaches a breaker. That same throughline ran through the keynote delivered by H. Landis "Lanny" Floyd II, a Life Fellow of the IEEE and one of the foundational figures in modern electrical safety, in part due to his role in developing empirical models used to predict arc incident energy. For a team whose daily work is grounded in protecting workers from arc incident energy, the address made for a full-circle moment. From trade show floors in Texas to lecture halls in London, CBS ArcSafe is committed to sharing its expertise to keep workers safe. Its electrical safety experts would love to meet you at upcoming trade shows and events. The strongest safety programs stack every control they can, from safety planning, engineering, and standards compliance to remote operation and PPE, so that everyone gets home. Wherever your facility sits on that path, let's discuss how CBS ArcSafe can be your long-term safety partner.
Inside marathon Petroleum's $130 million El Paso refinery turnaround. Marathon Petroleum recently completed major upgrades to its sprawling refining operation in Central El Paso. From new reactors to upgraded piping, the $130 million project required 206,000 work hours and employed as many as 2,000 workers at its peak. Email El Paso Inc. staff writer Sara Sanchez at [email protected] or call 915-534-4422. (1 Ratings) El Paso Inc. Staff Writer