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Marathon Petroleum (MPC) Company Profile

Updated Aug 8, 2019
Marathon Petroleum has the following business profile:
Company's Full Name:Marathon Petroleum
Short Name:Marathon Petroleum
Trading Ticker Symbol:MPC
Primary Exchange:NYSE
Headquarter City/Country:Findlay, Ohio
Primary Industry Sector:Energy
Seconday Sub-sector:Integrated oil Companies
Main Business Areas: Energy, Integrated oil Companies, Oil & Gas Refining & Marketing
Dividend Payments:Dividend History

Market and Trading Information for Marathon Petroleum

The following details were available for trading and market data about the stock of Marathon Petroleum as of writing:
Current Share Price:$49.52
Previous Year's Closing Price:$59.01
Percentage Price Change (YTD):-16.08%
Market Cap:$30.97 billion
52-week Price Range:$45.47 - $88.45
Dividend Per Share:$1.98
EPS (TTM):4.45
Price-Earnings (Trailing):11.14
Price-Earnings (Forward):6.56

Company Profile and Business Description for Marathon Petroleum

Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company's segments include Refining & Marketing, Speedway, and Midstream.

Refining & Marketing

Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States, purchases refined products and ethanol for resale and distributes refined products through various means, including terminals and trucks that the Company own or operate. The Company sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets.

As of December 31, 2016, the Company owns and operates seven refineries in the Gulf Coast and Midwest regions of the United States with an aggregate crude oil refining capacity of 1,817 thousand barrels per calendar day (mbpcd). Its refineries include crude oil atmospheric and vacuum distillation, fluid catalytic cracking, hydrocracking, catalytic reforming, coking, desulfurization and sulfur recovery units. The refineries process a range of condensate, light and heavy crude oils purchased from various domestic and foreign suppliers. The Company produces various refined products, ranging from transportation fuels, such as reformulated gasoline, blend-grade gasoline intended for blending with ethanol and Ultra-low sulfur diesel (ULSD) fuel, to heavy fuel oil and asphalt. Additionally, the Company manufactures aromatics, propane, propylene and sulfur. The Company's refineries are integrated with each other via pipelines, terminals and barges.

The Garyville, Louisiana refinery is located along the Mississippi River in southeastern Louisiana between New Orleans, Louisiana and Baton Rouge, Louisiana. The Garyville refinery is configured to process a range of crude oils into gasoline, distillates, fuel-grade coke, asphalt, propane, polymer-grade propylene, heavy fuel oil, dry gas, slurry and sulfur. The Galveston Bay refinery, is located on the Texas Gulf Coast approximately 30 miles southeast of Houston, Texas. The refinery can process a range of crude oils into gasoline, distillates, aromatics, heavy fuel oil, refinery-grade propylene, fuel-grade coke, dry gas and sulfur. The Company's Catlettsburg, Kentucky refinery, is located in northeastern Kentucky on the western bank of the Big Sandy River, near the confluence with the Ohio River. The Catlettsburg refinery processes sweet and sour crude oils into gasoline, distillates, asphalt, aromatics, refinery-grade propylene and propane.

The Robinson, Illinois refinery is located in southeastern Illinois. The Robinson refinery processes sweet and sour crude oils into gasoline, distillates, propane, anode-grade coke, aromatics, fuel-grade coke and slurry. The Company's Detroit, Michigan refinery is located in southwest Detroit. The Detroit refinery processes sweet and heavy sour crude oils into gasoline, distillates, asphalt, fuel-grade coke, chemical-grade propylene, propane, slurry and sulfur. The Company's Canton, Ohio refinery is located approximately 60 miles south of Cleveland, Ohio. It processes sweet and sour crude oils, including production from the nearby Utica Shale, into gasoline, distillates, asphalt, roofing flux, propane, refinery-grade propylene and slurry. The Texas City, Texas refinery is located on the Texas Gulf Coast, approximately 30 miles southeast of Houston, Texas. The refinery processes light sweet crude oils into gasoline, chemical-grade propylene, propane, aromatics, dry gas and slurry.

The Company owns a biofuel production facility in Cincinnati, Ohio that produces biodiesel, glycerin and other by-products. It also holds interests in ethanol production facilities in Albion, Michigan; Clymers, Indiana and Greenville, Ohio. The Company also sells gasoline, gasoline blendstocks and distillates to wholesale customers, Marathon-branded independent entrepreneurs and its Speedway convenience stores and on the spot market. The Company also produces propane at most of its refineries. Propane is primarily used for home heating and cooking, as a feedstock within the petrochemical industry, for grain drying and as a fuel for trucks and other vehicles. It also produces feedstocks and petrochemicals, including platformate, alkylate, FCC unit gas, naptha, dry gas, propylene, raffinate, butane, benzene, xylene, molten sulfur, cumene and toluene. The Company also produces and markets heavy residual fuel oil or related components, including slurry and also has refinery-based asphalt production capacity of up to 102 mbpcd, which includes asphalt cements, polymer-modified asphalt, emulsified asphalt, industrial asphalts and roofing flux. It serves various customers, including asphalt-paving contractors, government entities (states, counties, cities and townships) and asphalt roofing shingle manufacturers.

Speedway

Speedway segment sells gasoline, diesel and merchandise through convenience stores that it owns and operates under the Speedway brand. Speedway convenience stores offer a range of merchandise, including prepared foods, beverages and non-food items.

Midstream

Midstream segment includes the operations of MPLX and certain other related operations. The Midstream segment 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. MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets. As of December 31, 2016, MPLX's marine transportation operations included 18 owned towboats, as well as 204 owned and 18 leased barges that transport refined products and crude oil on the Ohio, Mississippi and Illinois rivers and their tributaries and inter-coastal waterways.

539 S Main St

Peer / Competitor Companies of Integrated oil Companies Sector

Along with Marathon Petroleum, the following other peer (competitor) companies also exist within the same Integrated oil Companies - Energy sector whose company profile and dividend history is as follows:

▶ Alon USA Energy (ALJ): Alon USA Energy, Inc., incorporated on July 20, 2000, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the ....See Detailed Company Profile  and Dividend History.

▶ Alon USA Partners LP (ALDW): Alon USA Partners, LP (Alon), incorporated on August 17, 2012, is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas. The Company had a ....See Detailed Company Profile  and Dividend History.

▶ Baker Hughes (BHGE): Baker Hughes, a GE Company, incorporated on October 28, 2016, is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. ....See

▶ BP PLC (BP): BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field de....See Detailed Company Profile  and Dividend History.

▶ BP Prudhoe Bay Royalty Trust (BPT): BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil fi....See Detailed Company Profile  and Dividend History.

▶ Calumet Specialty Products (CLMT): Calumet Specialty Products Partners, L.P., incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products ....See Detailed Company Profile  and Dividend History.

▶ Chevron (CVX): Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries ....See Detailed Company Profile  and Dividend History.

▶ China Petroleum and Chemical (SNP): China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. It operates through five s....See Detailed Company Profile  and Dividend History.

▶ ConocoPhillips (COP): ConocoPhillips, incorporated on November 16, 2001, is an independent exploration and production (E&P) company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas ....See Detailed Company Profile  and Dividend History.

▶ CVR Energy (CVI): CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertiliz....See Detailed Company Profile  and Dividend History.

▶ CVR Refining LP (CVRR): CVR Refining, LP, incorporated on September 17, 2012, is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is ....See Detailed Company Profile  and Dividend History.

▶ Delek US (DK): Delek US Holdings, Inc., incorporated on April 10, 2001, is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and ....See Detailed Company Profile  and Dividend History.

▶ Exxon Mobil (XOM): Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada Other Americas, Europe, Africa, Asia, and Australia Oceania. It operates through Upst....See Detailed Company Profile  and Dividend History.

▶ Gazprom Neft (GZPFY): Gazprom Neft' PAO is a vertically integrated oil company operating in the Russian Federation, Commonwealth of Independent States (CIS) and internationally. The Company's principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and marketing operations through its retail outlets. The Company manages its operations in two segments: Upstream and Downstream. ....See Detailed Company Profile  and Dividend History.

▶ Hess Corp. (HES): Hess Corporation, incorporated on February 7, 1920, is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas ....See Detailed Company Profile  and Dividend History.

▶ HollyFrontier (HFC): HollyFrontier Corporation, incorporated on January 25, 1947, is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty ....See Detailed Company Profile  and Dividend History.

▶ Imperial Oil (IMO): Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explor....See Detailed Company Profile  and Dividend History.

▶ PBF Energy (PBF): PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical ....See Detailed Company Profile  and Dividend History.

▶ Phillips 66 (PSX): Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, ....See Detailed Company Profile  and Dividend History.

▶ Statoil ASA (STO): Statoil ASA (Statoil), incorporated on March 12, 1995, is an energy company. The Company is engaged in oil and gas exploration and production activities. The Companys segments include Development and ....See Detailed Company Profile  and Dividend History.

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