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Marathon Petroleum Corporation (MPC)

NYSE - NYSE Delayed price. Currency in USD
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147.27-2.75 (-1.83%)
At close: 04:00PM EDT
147.19 -0.08 (-0.05%)
After hours: 07:38PM EDT

Marathon Petroleum Corporation

539 South Main Street
Findlay, OH 45840-3229
United States
419 422 2121

IndustryOil & Gas Refining & Marketing
Full-time employees17,800

Key executives

NameTitlePayExercisedYear born
Mr. Michael J. HenniganPres, CEO & Director6.77M13.42M1959
Ms. Maryann T. MannenExec. VP & CFO2.83MN/A1963
Ms. Suzanne GagleSr. VP of Gov. Affairs & Gen. Counsel1.8M2.22M1966
Mr. Timothy J. AydtExec. VP of Refining1.89M3M1964
Mr. Gregory Scott FloerkeExec. VP & COO of MPLX1.36M1.42M1963
Mr. Carl Kristopher HagedornSr. VP, Controller & Principal Accounting OfficerN/AN/A1976
Ms. Kristina Anna KazarianVP of Fin. & 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. Brian K. ParteeSr. VP of Global Clean ProductsN/AN/A1974
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.


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.