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Blue Chip Growth

Stock Report: Marathon Petroleum Corporation (MPC) Report Updated: Oct 27, 2014 | Print This Page

Marathon Petroleum Corporation© quotemedia

Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. The company operates six refineries in the Gulf Coast and Midwest regions of the United States, which refine crude oil and other feedstocks; and distribute refined products through barges, terminals, and trucks. It also purchases ethanol and refined products for resale. The company’s refined products include gasoline, distillates, propane, feedstocks and special products, heavy fuel oil, and asphalt. It also transports crude oil and other feedstocks to its refineries and other locations; and sells transportation fuels and convenience products in the retail market through Speedway convenience stores. The company markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded jobbers, its Speedway convenience stores, airlines, and transportation companies, as well as exports its refined products. It owns, operates, leases, and has ownership interests in approximately 8,300 miles of crude oil and refined product pipelines. In addition, the company operates approximately 5,000 Marathon branded retail outlets for motor fuel in 18 states; and approximately 1,371 Speedway convenience stores in the United States. Marathon Petroleum Corporation is headquartered in Findlay, Ohio. Marathon Petroleum Corporation operates independently of Marathon Oil Corporation as of July 1, 2011.

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