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Marathon Petroleum Corp MPC

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After Productive 2020, Marathon Petroleum Keeps Focus on Reducing Costs

Allen Good, CFA Sector Strategist

Business Strategy and Outlook

| Allen Good, CFA |

The combination of Marathon and Andeavor created the U.S.' largest refiner with facilities in the Midcontinent, Gulf Coast, and West Coast. Through the combination, Marathon planned to leverage this geographically diverse footprint to optimize its crude supply from North America to reduce feedstock cost, while also improving its operating cost structure.

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Company Profile

Business Description

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.8 million barrels per day. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX.

Contact
539 South Main Street
Findlay, OH, 45840-3229
T +1 419 422-2121
Sector Energy
Industry Oil & Gas Refining & Marketing
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Hard Assets
Employees 57,900

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