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Marathon Petroleum Corporation

Company Summary


Marathon Petroleum Corporation (NYSE: MPC) - Nation's fourth largest transportation fuels refiner and largest in the Midwest - Seven-plant refinery system with 1,794,000 barrels per calendar day of capacity - Petroleum products marketer in the Midwest, Southeast, Northeast and Gulf Coast - Marketing network of more than 5,600 Marathon locations and approximately 2,760 Speedway - Owns/operates 80 light product and asphalt terminals - Owns, leases or has ownership interest in 8,300 miles of crude and refined product pipelines - Owns and operates more than 5,000 miles of gas gathering and NGL (natural gas liquids) pipelines - Company roots reach back to the early years of the oil industry


Financial Data:

NYSE:MPC from Google Finance


  • MPC - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Topolobampo Refined Fuels Terminal
Firm Commitment: 0.5 MM Bbls

Recent news

  • 2/16/2024 - Teamsters Local 283... (subscriber access)
  • 11/15/2023 - ADM and Marathon... (subscriber access)
  • 10/26/2023 - Marathon Petroleum... (subscriber access)
  • 8/29/2023 - Marathon Petroleum... (subscriber access)
  • 5/16/2023 - Fire at Marathon... (subscriber access)

Investor Presentations

  • 2Q21 Earnings Release
  • 2Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Slides (subscriber access)
  • Second Quarter 2016 Earnings (subscriber access)

Company Transactions

Date: 3/31/2021
Type: Acquisition

Marathon Petroleum reached a deal to sell its Speedway segment to 7-Eleven for $21 billion in cash, which will result in $16.5 billion in after-tax cash proceeds once the deal closes in the first quarter of 2021.
  • North America
  • Date: 6/30/2019
    Type: Acquisition

    Marathon Petroleum has entered into a deal with NOCO Inc. to acquire a 900,000 barrel light product and asphalt terminal and 33 retail stores in Buffalo, NY.
  • Northeast
  • Date: 12/31/2018
    Type: Merger

  • Andeavor

    COST: 23.3 $B

    Marathon Petroleum and Andeavor have entered into a merger agreement whereby Marathon will acquire all of Endeavors outstanding shares, with an equity value of $23.3 billion. The combined company will have an enterprise value of $35.6 billion and Andeavor shareholders may receive 1.87 shares of Marathon stock of $152.27 in cash per share held.
  • United States
  • International
  • Date: 2/15/2017
    Type: Acquisition

    Enbridge Energy Partners, Enbridge Inc and Marathon Petroleum have announced a joint venture to acquire a 36.75% interest in the Bakken Pipeline System from a holding company with a 75% interest in the System. The joint venture is called the MarEn Bakken Pipeline Company LLC. Enbridge will own 27.6% of the pipelines through MarEn and Marathon will own 9.15% of the pipeline projects.
  • Bakken
  • Gulf Coast