MPC - Marathon Petroleum Corporation

NYSE - NYSE Delayed Price. Currency in USD

Marathon Petroleum Corporation

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

SectorEnergy
IndustryOil & Gas Refining & Marketing
Full Time Employees60,350

Key Executives

NameTitlePayExercisedYear Born
Mr. Gary R. HemingerChairman & CEO7.49M2.4M1953
Mr. Gregory J. GoffExec. Vice Chairman6.32MN/A1957
Mr. Donald C. TemplinExec. VP & CFO2.83MN/A1963
Mr. Timothy T. GriffithPres of Speedway LLC2.06MN/A1969
Mr. Timothy J. HarrisVP & Chief Technology OfficerN/AN/AN/A
Amounts are as of December 31, 2018 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, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products wholesale marketing customers domestically and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets. The Retail segment sells transportation fuels and convenience products in the retail market through company-owned and operated convenience stores, primarily under the Speedway brand; and long-term fuel supply contracts with direct dealers who operate locations mainly under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats and barges; and gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company also exports its refined products. As of December 31, 2018, it owned, leased, and had ownership interests in approximately 16,600 miles of crude oil and refined product pipelines, as well as owned and operated 3,920 convenience stores; and had 6,813 retail outlets operated by independent entrepreneurs in 35 states of the United States, the District of Columbia, and Mexico. The company was founded in 1887 and is headquartered in Findlay, Ohio.

Corporate Governance

Marathon Petroleum Corporation’s ISS Governance QualityScore as of July 29, 2019 is 7. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 9; Compensation: 1.

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.