Marathon Petroleum Corp.

Marathon Petroleum Corp.

Marathon Petroleum Corp.

Overview
Date Founded

1887

Headquarters

539 South Main Street, Findlay, OH, 45840-3229, USA

Type of Company

Public

Employees (Worldwide)

60.9K

Industries

Oil & Gas

Company Description

Headquartered in Findlay, Ohio in the heart of the Midwest, Marathon Petroleum Corporation (MPC) is the name of the parent company which includes several subsidiary companies including Marathon Petroleum Company LP, Marathon Pipe Line LLC, and Speedway LLC. MPC is the nation’s fifth largest refiner and the largest refiner in the Midwest. MPC’s refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S. MPC operations are strategically located to serve major markets. They include a six-plant refining network, a comprehensive terminal and transportation system, and extensive wholesale and retail marketing operations. This includes both the Marathon Brand and MPC’s wholly owned retail marketing subsidiary, Speedway LLC, the nation’s fourth largest chain of company-owned and operated retail gasoline and convenience stores.

Contact Data
Trying to get in touch with decision makers at Marathon Petroleum Corp.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

President, Chief Executive Officer & Director

Executive Vice President & Chief Financial Officer

Chief Financial Officer & Executive Vice President

Vice President & CIO

Vice President & General Counsel

Secretary, Chief Governance & Compliance Officer

Chief Human Resources Officer

Executive Vice Chairman

Principal Accounting Officer, Vice President & Controller

Executive Vice President & Chief Operating Officer, Speedway LLC

Board of Directors

Former Chief Executive Officer at United States Steel Corporation

Executive Vice Chairman at Marathon Petroleum Corp.

Former Director & Vice President at Appalachian Power Co.

Executive-in-Residence at Northeastern University - D'Amore-McKim School of Business

President, Chief Executive Officer & Director at Marathon Petroleum Corp.

Vice Chairman of the Board of Mplx GP LLC at MPLX LP

Dean at University of Oklahoma - Mewbourne College of Earth & Energy

Executive Vice President & General Counsel at Western Refining Logistics LP

Paths to Marathon Petroleum Corp.
Potential Connections via
Relationship Science
You
Marathon Petroleum Corp.
Owners & Shareholders
Details Hidden

Boston Partners primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. The firm employs an efficient and repeatable investment process designed to identify companies with: attractive valuations, sound business fundamentals and improving business momentum. Boston Partners' investment strategies include several long/short equity products which include selling securities short. The securities sold short may not be considered \"value\" securities but are considered to be overvalued by Boston Partners on its quantitative screening and fundamental security analysis. For certain long/short portfolios, they use single name security swaps, negotiated on a bilateral basis and not cleared through a central clearing facility. Swaps are used to provide short exposure in markets where physical shorting is not allowed or to obtain exposure to a security to manage margin requirements more efficiently.

Details Hidden

EMC employs a multi-strategy trading approach that encompasses a broad range of strategies, including, without limitation, performing debt, distressed securities, hedge/arbitrage positions (including event arbitrage, related securities arbitrage, convertible arbitrage, commodities trading, and fixed income arbitrage trading), equity-oriented positions, basis trading, portfolio volatility protection positions, and real-estate related positions. The firm generally trades or invests in a wide variety of financial instruments, including, without limitation, stocks, bonds, swaps, options, futures, forwards, swaptions, private equity, and structured credit products, including MBS, ABS, CDOs and correlation products. Their trading mandates are extremely broad, and encompass virtually every type of asset, investment interest, security or property (real or personal) which can be traded or purchased. EMC is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Details Hidden

Iridian Asset Management is an independently owned, value-oriented investment management firm focused on active equity investment strategies for institutional investors, including foundations and endowments, corporate and public pension funds, sub-advised and Taft Hartley funds. As of September 30, 2012, assets under management totalled $7.7 billion in U.S. mid-cap, large-cap and small-cap equity strategies. Iridian was founded in 1996 by David Cohen and Harold Levy, two seasoned investment professionals who have worked side-by-side in the investment industry for over 20 years. Our unique "private business value" approach to investing, which drives our mid-cap and large-cap strategies, has its roots in their early investment careers, which encompassed direct experience in private equity, venture capital, distressed debt and bankruptcy takeovers. In analyzing investment opportunities, our founders learned the importance of focusing on cash-related metrics and in-depth, critical assessment of a company's management — two key factors that have been fundamental in shaping a shared and distinctive investment philosophy. In December 2009, the co-portfolio management team of Jordan D. Alexander and Stephen A. Friscia, Jr. joined Iridian to manage a Small-Cap Value strategy. Jordan and Stephen have worked together since 1998 and have co-managed small cap value strategies as a team since 2000. Today, Iridian is built around a collaborative team of experienced investment professionals managing a range of traditional investment strategies for institutional investors.

Recent Transactions
Details Hidden

purchases Speedway LLC from Marathon Petroleum Corp.

Details Hidden

Marathon Petroleum Corp. purchases Noco Energy Corp. /33 Stores from NOCO Energy Corp.

Details Hidden

Marathon Petroleum Corp. purchases Andeavor LLC

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onMarathon Petroleum Corp. purchases Andeavor LLC

Investment Advisor

Advised onMarathon Petroleum Corp. purchases Andeavor LLC

Investment Advisor

Advised onMPLX LP purchases Andeavor Logistics LP

Legal Advisor

Advised onMarathon Petroleum Corp. purchases Andeavor LLC

Associate

Advised onMarathon Petroleum Corp., MPLX LP purchase MarkWest Energy Partners LP

Legal Advisor

Advised onMarathon Petroleum Corp., MPLX LP purchase MarkWest Energy Partners LP

Advisors & Consultants
Legal Advisor

Partner, Practice Leader Banking, Finance & Securities at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Clients

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Global Partners LP engages in purchasing, selling, storing, and logistics of transporting petroleum and related products. It operates through the following business segments; Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. The GDSO segment includes sales of branded and unbranded gasoline to gasoline station operators and sub jobbers. The Commercial segment refers to the sales and deliveries to end user customers in the public sector and to large commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas. The company was founded in March 2005 and is headquartered in Waltham, MA.

Husky Energy is one of Canada's largest integrated energy companies. It is headquartered in Calgary, Alberta, and is publicly traded on the Toronto Stock Exchange under the symbols HSE and HSE.PR.A. The Company operates worldwide with Upstream, Midstream and Downstream business segments. A combination of technological innovation, prudent investment, sound project management and responsible resource development allows Husky to deliver strong returns to shareholders. The Company has a well-defined and growth-oriented business plan, a stable foundation and has set course to realize value from three mid- to long-term growth pillars

Key Stats and Financials As of 2019
Market Capitalization
$20.2B
Total Enterprise Value
$79.2B
Earnings Per Share
$3.97
Revenue
$123B
Total Equity
$43.1B
EBITDAMargin
8.1%
Enterprise Value Sales
0.64x
Enterprise Value EBITDAOperating
7.68x
TEVNet Income
30.05x
Total Debt
$31.3B
EBITDA
$9.99B
Net Profit
$2.64B
Debt TEV
0.4x
Non-Profit Donations & Grants
Political Donations
$1,000
2012
$1,000
2012
$1,000
2012
Suppliers
Martin Midstream Partners LP Oil & Gas | Kilgore, TX

Martin Midstream Partners LP engages in the diverse set of operations focused primarily in the United States Gulf Coast region. The firm collects, transports, stores and distributes the petroleum products and by-products. It operates through the following segments: Terminalling and Storage, Natural Gas Liquids, Sulfur Services, and Transportation. The Terminalling and Storage segment offers storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of various grades and quantities of industrial, commercial, and automotive lubricants and greases. The Natural Gas Liquids segment distributes natural gas liquids. The Sulfur Services segment develops an integrated system of transportation assets and facilities relating to sulfur services. The Transportation segment manages a fleet of inland marine tank barges, inland push boats and offshore tug, and barge unit that transport petroleum products and by-products. The company was founded in 2002 and is headquartered in Kilgore, TX.

Dresser-Rand Group, Inc. Oil & Gas | Houston, TX

Dresser-Rand Group, Inc. manufactures rotating equipments for oil, gas, petrochemical, and process industries. It is engaged in the design, manufacture, sale and servicing of centrifugal and reciprocating compressors, gas and steam turbines, gas expanders and engines and associated control panels. The firm operates through two segments: New Units and Aftermarket Parts and Services. The New Units segment manufactures highly-engineered turbo and reciprocating compression equipment and steam turbines. This segment includes engineering, manufacturing, project management, packaging, testing, sales and administrative support. The Aftermarket Parts and Services consist of support solutions for the existing population of installed equipment and the operation and maintenance of several types of energy plants. The segment includes engineering, manufacturing, project management, installation, commissioning, start-up and other field services, repairs, overhauls, refurbishment, sales and administrative support. The company was founded in October 2004 and is headquartered in Houston, TX.

Plains All American Pipeline LP Oil & Gas | Houston, Texas

Plains All American Pipeline, L.P. is a publicly traded master limited partnership (“MLP”) engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products (together "NGL"). Through our general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), we are also engaged in the development and operation of natural gas storage facilities. We own and operate a diversified portfolio of strategically located assets that play a vital role in the movement of U.S. and Canadian energy supplies. On average we handle over 3 million barrels per day of crude oil, refined products and NGL through our extensive network of assets located in key North American producing basins and transportation gateways. As an MLP, we make quarterly distributions of our available cash to our Unitholders. Since our initial public offering in 1998, we have increased our quarterly distribution by 150% to its current level (with February 2013 distribution) of $0.56250 per unit, or $2.25 per unit on an annualized basis. It is our goal to increase our distribution to Unitholders over time through a combination of internal and acquisition-oriented growth. Our common units are traded on the New York Stock Exchange under the symbol "PAA." We are headquartered in Houston, Texas

Competitors
Chevron Corp. Oil & Gas - San Ramon, California

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Koch Industries, Inc. Chemicals - Wichita, KS

Koch Industries, Inc. began as Wood River Oil and Refining Co. in 1940. The company is based in Wichita, Kansas and is one of the largest private companies in America. Its major industries include refining, chemicals & biofuels, process & pollution control equipment and technologies, minerals, fertilizers, polymers & fibers, commodity trading & service, forest & consumer products, and ranching.Koch companies have supported education and social progress. These philanthropic efforts include support for educational institutions, foundations and programs that study and promote market-based solutions to societal challenge. Koch also works to protect, conserve and enhance natural resources; Koch companies around the world have earned awards for safety, environmental excellence, community stewardship, innovation and customer service since January 2009.

Saudi Arabian Oil Co. Oil & Gas - Dhahran, Saudi Arabia

Saudi Arabian Oil Co. engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Awards & Honors
Rank #42
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #42
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Marathon Petroleum Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Marathon Petroleum Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Marathon Petroleum Corp..