| Market Capitalization (Millions $) |
46,714 |
| Shares
Outstanding (Millions) |
342 |
| Employees |
18,200 |
| Revenues (TTM) (Millions $) |
138,864 |
| Net Income (TTM) (Millions $) |
5,067 |
| Cash Flow (TTM) (Millions $) |
-2,235 |
| Capital Exp. (TTM) (Millions $) |
2,533 |
Marathon Petroleum Corporation
Company Profile: Marathon Petroleum Corporation (MPC)
Incorporation and History:
Marathon Petroleum Corporation (MPC) was incorporated in Delaware on November 9, 2009, as part of an internal restructuring of Marathon Oil Corporation. On May 25, 2011, the board of directors of Marathon Oil approved the spinoff of its Refining, Marketing & Transportation Business (RM&T Business) into an independent, publicly traded company, MPC, through the distribution of MPC common stock to the stockholders of Marathon Oil.
Business Overview:
Marathon Petroleum is engaged in the refining, marketing, and transportation of crude oil and petroleum products. The company operates primarily through Marathon Petroleum Logistics Services, LLC (MAP), and engages in various other energy-related businesses.
Refining, Marketing, and Transportation:
The RM&T operations of Marathon Petroleum are predominantly conducted by MAP and its subsidiaries, including wholly owned subsidiaries such as Speedway SuperAmerica LLC (SSA) and Marathon Ashland Pipe Line LLC. Marathon Petroleum operates an extensive network of refineries and retail locations, effectively serving a broad customer base.
Other Energy Related Businesses:
In addition to its refining and transportation services, Marathon Petroleum markets and transports both its own and third-party natural gas, crude oil, and products manufactured from natural gas. This includes liquefied natural gas (LNG) and methanol, primarily in the United States, Europe, and West Africa.
Competition and Market Conditions:
Marathon Petroleum faces strong competition in all sectors of the oil and gas industry, particularly in the exploration and development of new reserves. The company competes with major integrated and independent oil and gas firms for the acquisition of oil and gas leases and properties, as well as for the necessary equipment and labor to develop and operate those assets. Given that many of Marathons competitors possess greater financial resources, the company may face competitive challenges when bidding for exploration and production rights.
Conclusion:
With a strategic focus on refining, marketing, and transportation of petroleum products, along with diversification into natural gas and other energy-related businesses, Marathon Petroleum Corporation continues to adapt to the competitive landscape of the oil and gas industry while addressing evolving market demands.
Company Address: 539 South Main Street Findlay 45840 OH
Company Phone Number: 422-2121 Stock Exchange / Ticker: NYSE MPC
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