About Marathon Petroleum Corporation (MPC)

Company Description:

Marathon Petroleum Corporation, a leading energy company, engages in refining, marketing, and transporting petroleum products primarily in the United States. It operates through two segments: Refining & Marketing, and Midstream. The company is known for its extensive refining network and distribution system which enables efficient fuel production and supply.

Marathon Petroleum was formed on November 9, 2009, through the spin-off of the downstream operations of Marathon Oil. It is headquartered in Findlay, Ohio, United States.

Main Product(s):

MPC's primary products include gasoline, distillates (such as diesel fuel and jet fuel), and heavy fuel oil. It also manufactures asphalt, petrochemicals, and lubricants.

Short History of Marathon Petroleum Corporation:

• 2009 – Marathon Petroleum was established as a downstream spin-off of Marathon Oil.
• 2011 – The company became publicly traded on the New York Stock Exchange.
• 2018 – MPC acquired Andeavor, significantly expanding its refining capacity and market reach.
• 2020 – The company announced plans to spin off its Speedway retail operations to 7-Eleven, Inc.
• 2021 – The Speedway transaction was completed, making it one of the most significant deals in the retail sector.