Marathon Petroleum (MPC)
Frequently Asked Questions About Marathon Petroleum (MPC)
How does Marathon Petroleum contribute to local communities?
Marathon Petroleum actively engages in community support through various initiatives, including investments in education, environmental sustainability, and economic development. The company participates in local charity events, provides scholarships, and supports volunteer efforts by employees in their communities.
How does Marathon Petroleum ensure environmental compliance?
Marathon Petroleum is committed to operating in an environmentally responsible manner and adheres to strict regulations regarding emissions, waste management, and sustainability practices. The company invests in technologies and processes that minimize its environmental footprint, including refining improvements and sustainable practices within its operations.
How does Marathon Petroleum manage its supply chain?
Marathon Petroleum employs a sophisticated supply chain management strategy to optimize the sourcing, refining, and distribution of petroleum products. This includes utilizing advanced logistics systems, managing procurement risks, and fostering relationships with suppliers to ensure a reliable and efficient supply of raw materials and finished products to meet customer demand.
How many refineries does Marathon Petroleum operate?
Marathon Petroleum operates 13 refineries across the United States, making it one of the largest refiners in the country. These refineries are strategically located to help meet regional fuel demand and support transportation logistics, providing critical energy resources to various markets.
What are Marathon Petroleum's financial highlights?
Marathon Petroleum has shown strong financial performance with significant revenues primarily derived from refining operations and retail sales. Its consistent investments in infrastructure and modernization have contributed to enhanced operational efficiency, impacting overall profitability and shareholder returns.
What are the main services offered by Marathon Petroleum?
Marathon Petroleum offers a range of services including crude oil refining, marketing of refined products, transportation, and logistics. Additionally, it operates convenience stores under the Marathon brand, selling not only fuel but also retail goods and services, allowing them to meet the demand of consumers at the pump and beyond.
What does Marathon Petroleum (MPC) do?
Marathon Petroleum Corporation is a leading American petroleum refining, marketing, and transportation company. It operates a network of refineries and processes crude oil into various petroleum products, including gasoline, diesel, and jet fuel. The company also engages in the logistics of transporting these products through its extensive pipeline system and retail stations, making it a significant player in the energy sector.
What future plans does Marathon Petroleum have for growth?
Marathon Petroleum plans for growth through strategic expansion in refining and logistics, as well as exploring opportunities in renewable energy markets. The company aims to enhance operational efficiencies, enter new market segments, and invest in technologies that align with a more sustainable and low-carbon energy future.
What impact has COVID-19 had on Marathon Petroleum?
The COVID-19 pandemic significantly impacted Marathon Petroleum, primarily due to decreased oil demand and disruptions in global supply chains. The company adapted by implementing cost-saving measures, optimizing operations, and focusing on essential services to maintain financial stability during volatile market conditions.
What is Marathon Petroleum's stock symbol?
Marathon Petroleum's stock symbol is MPC, which is traded on the New York Stock Exchange (NYSE). This ticker symbol represents the company's shares, which investors can buy and sell on the stock market, reflecting the company's performance and market valuation.
What is the mission of Marathon Petroleum?
Marathon Petroleum's mission is to deliver energy responsibly and sustainably while providing value to its customers, shareholders, and communities. The company focuses on operational excellence, safety, and environmental stewardship, aiming to foster innovation and sustainability in the energy sector.
What is the significance of the Marathon brand in retail?
The Marathon brand is significant in the retail sector as it identifies a vast network of service stations and convenience stores that provide fuel and other consumer goods. The brand is recognized for its commitment to quality service and competitive pricing, which has helped establish customer loyalty and strengthen its market position.
What is the size of Marathon Petroleum's workforce?
Marathon Petroleum employs thousands of individuals across its various operations, including refining, logistics, and corporate functions. The company's workforce is diverse, showcasing expertise in engineering, environmental science, business management, and other areas critical to the petroleum industry.
What recent acquisitions has Marathon Petroleum made?
In recent years, Marathon Petroleum has made several strategic acquisitions to enhance its operations, including the acquisition of Andeavor in 2018, which significantly expanded its refining capacity and presence in the western United States. These acquisitions are part of the company's strategy to grow its market position and operational efficiencies.
What role does technology play in Marathon Petroleum's operations?
Technology plays a crucial role in Marathon Petroleum's operations, influencing refining processes, safety measures, and environmental compliance. The company invests in innovative technologies to improve efficiency, reduce emissions, and adopt advanced methodologies that ensure competitiveness in the evolving energy landscape.
What sustainability initiatives is Marathon Petroleum involved with?
Marathon Petroleum has implemented a variety of sustainability initiatives designed to reduce its carbon footprint and promote cleaner energy solutions. These initiatives include investing in renewable energy projects, improving energy efficiency in refining operations, and developing lower-carbon fuel options to support a transition towards a more sustainable energy future.
When was Marathon Petroleum founded?
Marathon Petroleum was founded in 1887, originally starting as a small oil exploration and production company. Over the years, it has undergone several transformations and mergers, resulting in its current status as one of the largest independent refining companies in the United States.
Where is Marathon Petroleum headquartered?
Marathon Petroleum is headquartered in Findlay, Ohio. This location serves as a central hub for its operations, management, and various corporate functions. The company's choice of location reflects its historical roots and commitment to Ohio as a key area for its business operations.
Who are Marathon Petroleum's main competitors?
Marathon Petroleum's primary competitors include other major oil companies such as Valero Energy, Phillips 66, and ExxonMobil. These companies also operate in refining and marketing of petroleum products, and they compete for market share in both domestic and international markets.
What is the current price of Marathon Petroleum?
The current price of Marathon Petroleum is 121.07
When was Marathon Petroleum last traded?
The last trade of Marathon Petroleum was at 7:00 pm EDT on April 4th, 2025
What is the market capitalization of Marathon Petroleum?
The market capitalization of Marathon Petroleum is 77.27B
How many shares of Marathon Petroleum are outstanding?
Marathon Petroleum has 638.20M shares outstanding.