Marathon Petroleum Corporation (MPC)

147.27 -2.75 (-1.83%) At close: 04:00PM EDT

Marathon Petroleum Corporation

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

Sector(s): Energy
Industry: Oil & Gas Refining & Marketing
Full-time employees: 17,800

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Michael J. Hennigan	Pres, CEO & Director	6.77M	13.42M	1959
Ms. Maryann T. Mannen	Exec. VP & CFO	2.83M	N/A	1963
Ms. Suzanne Gagle	Sr. VP of Gov. Affairs & Gen. Counsel	1.8M	2.22M	1966
Mr. Timothy J. Aydt	Exec. VP of Refining	1.89M	3M	1964
Mr. Gregory Scott Floerke	Exec. VP & COO of MPLX	1.36M	1.42M	1963
Mr. Carl Kristopher Hagedorn	Sr. VP, Controller & Principal Accounting Officer	N/A	N/A	1976
Ms. Kristina Anna Kazarian	VP of Fin. & Investor Relations	N/A	N/A	1983
Ms. Molly R. Benson	VP, Chief Securities, Governance & Compliance Officer and Corp. Sec.	N/A	N/A	1967
Ms. Fiona C. Laird	Sr. VP of Communications & Chief HR Officer	N/A	N/A	1961
Mr. Brian K. Partee	Sr. VP of Global Clean Products	N/A	N/A	1974

Amounts are as of 31 December 2022, 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 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 1 October 2023 is 7. The pillar scores are Audit: 9; Board: 4; 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 10 indicates higher governance risk.