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Marathon Petroleum Corporation (MPC)

NYSE - Nasdaq Real Time Price. Currency in USD
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169.74+1.99 (+1.19%)
As of 03:45PM EST. Market open.

Marathon Petroleum Corporation

539 South Main Street
Findlay, OH 45840-3229
United States
419 422 2121
https://www.marathonpetroleum.com

Sector(s)Energy
IndustryOil & Gas Refining & Marketing
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Michael J. HenniganCEO & Director6.77M13.42M1959
Ms. Maryann T. MannenPresident2.83MN/A1964
Mr. Timothy J. AydtExecutive Vice President of Refining1.89M3M1964
Mr. Gregory Scott FloerkeExecutive VP & COO of MPLX1.36M1.42M1963
Mr. John J. QuaidExecutive VP & CFON/AN/A1972
Ms. Kristina Anna KazarianVice President of Finance & Investor RelationsN/AN/A1983
Ms. Molly R. BensonChief Legal Officer & Corporate SecretaryN/AN/A1967
Ms. Fiona C. LairdSenior VP of Communications & Chief Human Resources OfficerN/AN/A1961
Mr. Brian K. ParteeChief Global Optimization OfficerN/AN/A1975
Mr. James R. WilkinsSenior Vice President of Health, Environment, Safety & SecurityN/AN/A1967
Amounts are as of December 31, 2022 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, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane, petrochemicals, and natural gas liquids. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily 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; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company was founded in 1887 and is headquartered in Findlay, Ohio.

Corporate Governance

Marathon Petroleum Corporation’s ISS Governance QualityScore as of February 1, 2024 is 7. The pillar scores are Audit: 9; Board: 2; 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.