Marathon Petroleum
Marathon Petroleum Corporation (MPC) is a leading integrated downstream and midstream energy company operating one of the largest refining systems in the United States. The company refines crude oil, markets refined products, and operates an extensive midstream network that links natural gas and NGL production to domestic and international markets. MPC also maintains a significant presence in the renewable fuels sector as a major producer of renewable diesel.
Financials
Based on Q1 2026 filing
Revenue
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Refining & Marketing
primaryRefines crude oil and other feedstocks into transportation fuels, petrochemicals, and asphalt, and sells these products to wholesale, spot, and branded marketing customers.
Marathon gasoline, ARCO gasoline, Ultra-low sulfur diesel (ULSD), Jet fuel, Asphalt, Propane, Petrochemicals
Independent retailers, Wholesale customers, Brand jobbers, Direct dealers, International export customers
Midstream
majorGathers, transports, stores, and distributes crude oil, refined products, and natural gas through a network of pipelines, terminals, and marine assets, primarily through MPLX LP.
Crude oil gathering and transportation, Natural gas processing, NGL fractionation, Fuels distribution services, Marine transportation
Refining & Marketing segment, Natural gas producers, Third-party energy companies
Renewable Diesel
moderateProcesses renewable feedstocks into renewable diesel and markets the resulting fuel and associated regulatory credits to meet compliance obligations and commercial demand.
Renewable diesel, Renewable naphtha, Renewable Identification Numbers (RINs), Low Carbon Fuel Standard (LCFS) credits
Wholesale marketing customers, Spot market buyers, Branded direct dealers
Segment Financials
Refining & Marketing — Distribution costs
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View metricRenewable Diesel — Distribution costs
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Competitive Position
MPC operates the largest refining system in the U.S. by capacity and is a dominant wholesale supplier of gasoline and distillates with a highly integrated midstream asset base.
Geographies
United States, Mexico, International
Customer Segments
Industrial, Commercial, Retail Resellers, Government Entities
Upstream Dependencies
Domestic and foreign crude oil producers, Natural gas producers, Agricultural feedstock suppliers (soybean oil, corn oil), National oil companies
Downstream Customers
Independent gas station entrepreneurs, Commercial airlines, Paving contractors, Utility companies, Chemical manufacturers
Competitors & Partners
Competitors
Similar Companies
Partners
Archer Daniels Midland
ADM
Joint venture partner in Green Bison Soy Processing, LLC
7-Eleven, Inc.
Acquirer of the Speedway retail business and long-term fuel customer
LF Bioenergy
Equity interest partner in renewable natural gas production
Subsidiaries
MPLX
MPLX
Master limited partnership owned and controlled by MPC for midstream operations
Andeavor
Acquired refining and marketing company integrated into MPC operations
Marathon Petroleum FAQ
Common questions about Marathon Petroleum
Marathon Petroleum Corporation (MPC) is a leading integrated downstream and midstream energy company operating one of the largest refining systems in the United States. The company refines crude oil, markets refined products, and operates an extensive midstream network that links natural gas and NGL production to domestic and international markets. MPC also maintains a significant presence in the renewable fuels sector as a major producer of renewable diesel.
Marathon Petroleum (MPC) has a market capitalization of $74.3B and trades on NYSE.
Marathon Petroleum generated $135.38B in trailing twelve-month revenue with net income of $4.6B, representing a net margin of 3.4%. Gross margin stands at 10.4%, with free cash flow of $5.7B. These figures are based on the Q1 2026 filing.
Marathon Petroleum's key competitors include Valero Energy Corporation, Phillips 66, MPLX LP, and others. These companies compete in similar markets and product categories.
Marathon Petroleum has approximately 18,200 employees.