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 Employees43,800

Key Executives

NameTitlePayExercisedYear Born
Mr. Gary R. HemingerChairman & CEO6.36M1.47M1953
Mr. Donald C. TemplinPres2.25MN/A1963
Mr. Timothy T. GriffithSr. VP & CFO1.44MN/A1969
Mr. C. Michael PalmerExec. VP1.47MN/A1954
Mr. Anthony R. KenneyPres of Speedway LLC1.9MN/A1953
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. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. It also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; gathers, processes, and transports natural gas; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs); and transports and stores crude oil and refined products. It 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. It also exports its refined products. As of December 31, 2017, it owned and operated 18 asphalt terminals and 61 light products terminals; 2,744 convenience stores in 21 states; 289 transport trucks and 296 trailers; 1,999 leased and 19 owned railcars; and owned/leased and operated 1,613 miles of common carrier crude oil and 2,360 miles of common carrier products pipelines, as well as had 5,617 retail outlets in 20 states and the District of Columbia, and interests in 2,194 miles of crude oil and 1,917 miles of products pipelines. It also owns and operates 228 miles of private products pipelines; has ownership interests in 739 miles of common carrier crude oil pipeline and 1,741 miles of products pipelines; and distributes refined products through approximately 130 light products and 2 asphalt third-party terminals. The company was incorporated in 2009 and is headquartered in Findlay, Ohio.

Corporate Governance

Marathon Petroleum Corporation’s ISS Governance QualityScore as of October 1, 2018 is 7. The pillar scores are Audit: 1; Board: 9; 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.