Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market. Its asset base comprises refineries, pipelines, marine and terminal facilities and storage hubs that serve a range of customers including wholesalers, commercial fleets, airlines and industrial users. While the company’s operations are concentrated in the United States, its refined products are also sold into international markets through export channels.
The company has a material presence in midstream logistics through partnerships and consolidated entities that provide pipeline, terminal and transportation services to support its refining and marketing activities. Marathon Petroleum previously owned the Speedway retail chain, a major convenience-store and fueling network, which it sold to 7-Eleven in 2021 as part of broader portfolio optimization. Marathon continues to invest in logistics and infrastructure to enhance supply chain flexibility and product distribution.
Headquartered in Findlay, Ohio, Marathon Petroleum is governed by an executive leadership team and board of directors responsible for corporate strategy, safety, regulatory compliance and capital allocation. The company periodically adjusts its asset and investment mix in response to market conditions, regulatory developments and evolving energy demand patterns.