Marathon Petroleum Corp

Marathon Petroleum Corporation (MPC) is a leading, integrated downstream energy company based in the United States. It operates one of the nation's largest refining systems with approximately 3.0 million barrels per day (mbpd) of crude oil refining capacity. MPC refines crude oil and other feedstocks into gasoline, distillates, heavy fuel oil, asphalt, propane, and NGLs and petrochemicals. The company operates refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States. MPC's business strategy includes optimizing its system by maximizing operating efficiency, producing higher margin products, and utilizing processing capacity. The company's operations consist of two reportable operating segments: Refining & Marketing and Midstream. Refining & Marketing includes refineries, renewable fuels, and refined product sales. MPC's refineries process crude oil into refined products, which are sold to wholesale customers, branded jobbers, direct dealers, and in the spot market. The company also sells refined products for export to international customers. MPC produces renewable diesel at its Martinez Renewables joint venture and holds equity interests in ethanol production facilities and a soybean oil production joint venture. Midstream includes the operations of MPLX, MPC's sponsored master limited partnership (MLP), and certain related operations retained by MPC. MPLX owns and operates a network of crude oil, natural gas, and refined product pipelines, light products terminals, storage assets, and maintains a fleet of towboats and barges. MPC also owns four Jones Act product tankers, has ownership interests in several crude oil and refined products pipeline systems and pipeline companies, and has an indirect ownership interest in an ocean vessel joint venture. MPC's website is www.marathonpetroleum.com, and its common stock trades on the NYSE under the ticker symbol "MPC."