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Marathon Petroleum Corporation (MPC)


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Marathon Petroleum Corporation

539 South Main Street
Findlay, OH 45840
United States
419-422-2121
http://www.marathonpetroleum.com

SectorBasic Materials
IndustryOil & Gas Refining & Marketing
Full Time Employees44,460

Key Executives

NameTitlePayExercisedAge
Mr. Gary R. HemingerChairman & CEO6.36M1.47M64
Mr. Donald C. TemplinPres2.25MN/A54
Mr. Timothy T. GriffithChief Financial Officer and Sr. VP1.44MN/A48
Mr. C. Michael PalmerSr. VP of Supply, Distribution & Planning1.47MN/A63
Mr. Anthony R. KenneyPres of Speedway LLC1.9MN/A64
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and petrochemicals, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs); and transports and stores crude oil and refined products. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, its Marathon brand jobbers and Speedway brand convenience stores, airlines, transportation companies, and utilities. The company also exports its refined products. As of February 2, 2017, it owned, leased, and had ownership interests in approximately 8,400 miles of crude and light product pipelines, as well as 5,600 miles of gas gathering and NGLs pipelines; and owned and operated approximately 5,500 independently owned retail outlets in 19 states, and 2,730 convenience stores in 21 states. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

Corporate Governance

Marathon Petroleum Corporation’s ISS Governance QualityScore as of July 1, 2017 is 9. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 10; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.