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Marathon Petroleum Corporation (MPC)

NYSE - NYSE Delayed price. Currency in USD
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96.65+1.44 (+1.51%)
At close: 04:00PM EDT
96.65 0.00 (0.00%)
After hours: 07:40PM EDT

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 employees17,700

Key executives

NameTitlePayExercisedYear born
Mr. Michael J. HenniganPres, CEO & Director6.55MN/A1959
Ms. Maryann T. MannenExec. VP & CFO2.62MN/A1963
Ms. Suzanne GagleSr. VP of Gov. Affairs & Gen. Counsel1.8M362.47k1966
Mr. Raymond L. BrooksExec. VP of Refining2.21MN/A1961
Mr. Carl Kristopher HagedornSr. VP, Controller & Principal Accounting OfficerN/AN/A1976
Mr. Timothy J. HarrisVP & Chief Technology OfficerN/AN/A1975
Ms. Kristina Anna KazarianVP of Investor RelationsN/AN/A1983
Ms. Molly R. BensonVP, Chief Securities, Governance & Compliance Officer and Corp. Sec.N/AN/A1967
Ms. Fiona C. LairdSr. VP of Communications & Chief HR OfficerN/AN/A1961
Mr. John S. SwearingenSr. VP of Transportation and LogisticsN/AN/A1959
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes 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. 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 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. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.

Corporate governance

Marathon Petroleum Corporation’s ISS governance QualityScore as of 31 July 2022 is 10. The pillar scores are Audit: 6; Board: 5; Shareholder rights: 9; Compensation: 10.

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 10 indicates higher governance risk.