Marathon Petroleum Corporation

Marathon Petroleum Corporation is one of the largest integrated downstream energy companies in the United States. It is primarily engaged in the refining, marketing, and transportation of petroleum and petroleum products. The company is headquartered in Findlay, Ohio, and has its operations primarily in the United States. Marathon Petroleum Corporation was founded in 1887, and is the largest refiner in the United States. It is also the fourth-largest producer of crude oil in the United States, and holds an extensive line of petroleum products.

Marathon Petroleum Corporation operates two segments; Refining & Marketing and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States. These refineries produce various petroleum products such as gasolines, blend-grade gasolines, heavy fuel oil, and asphalt. The company also manufactures aromatics, propane, propylene and sulfur. The refined products are sold to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets.

The Midstream segment transports, stores, distributes and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats and barges. The segment also gathers, processes and transports natural gas, and gathers, transports, fractionates, stores and markets natural gas liquids. The company has established 7,159 brand jobber outlets in 37 states, the District of Columbia and Mexico through independent entrepreneurs.

Marathon Petroleum Corporation is actively involved in a number of initiatives to promote clean and sustainable energy. As part of its efforts to reduce emissions and protect the environment, the company has set a target to reduce its refining emissions by 20% by 2030. It has also partnered with the Carbon Neutral Cities Alliance to help cities reduce their emissions, and has established a sustainability committee, whose mission is to integrate sustainability into the company’s decision-making. The construction of the Dakota Access Pipeline is an example of the company’s efforts to reduce its carbon footprint. The pipeline is expected to reduce greenhouse gas emissions from transportation by nearly 30%. The company is also focused on improving energy efficiency and reducing water consumption at its refineries.