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MP
International Oil Company
Downstream
NYSE: MPC
Marathon Petroleum
Findlay, Ohio, United States · Established 1887 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Marathon Petroleum Corporation is the largest US independent refiner by capacity, operating 13 refineries totalling approximately 2.9 mbpd and the Speedway/Marathon retail network. Midstream exposure via MPLX LP provides fee-based cash flow diversification.
FY2024 revenue approximated $148 billion with net income near $5.5 billion. Refining utilisation averaged 92% with strong crack spreads on Gulf Coast and Midwest assets. MPLX distributions contribute approximately $3 billion annual cash flow...
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