Back ماراثون للبترول Arabic ماراتن پترولیوم AZB Marathon Petroleum Danish Marathon Petroleum German Marathon Petroleum Esperanto Marathon Petroleum Spanish ماراتن پترولیوم Persian Marathon Petroleum French Marathon Petroleum ID Marathon Petroleum Italian
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| Company type | Public |
|---|---|
| Industry | Petroleum |
| Predecessors | Marathon Oil (1984) Ashland Global USX Corporation Marathon Oil |
| Founded | November 9, 2009 |
| Headquarters | , U.S. |
Number of locations |
|
Area served | Worldwide |
Key people | Michael J. Hennigan (chairman) Wenceslao Garcia (president & CEO) [1] John P. Surma (Lead Independent Director) |
| Products | |
Production output | Total rated crude oil refining capacity: 2,963,000 BPCD (2024) |
| Services | |
| Revenue |  US$140.4 billion (2024) |
| US$5.428 billion (2024) | |
| US$3.445 billion (2024) | |
| Total assets | US$78.86 billion (2024) |
| Total equity | US$17.75 billion (2024) |
Number of employees | 18,300 (2024) |
| Parent | Marathon Oil (2009–11) |
| Website | marathonpetroleum.com |
| Footnotes / references [2] | |
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887.[3] These formed The Ohio Oil Company established in Lima, Ohio. It became the largest oil producer in the state.[4] By 1889, the company was acquired by the Standard Oil Trust and six years later its headquarters was moved to Findlay.[5] In 1906, the company built its first oil pipeline, which connected its facilities in Martinsville, Illinois, and Preble, Indiana.[6]
After the United States Supreme Court ordered its parent company to break up as a result of the Sherman Anti-Trust Act in 1911, Ohio Oil again became independent.[4][5] It expanded its operations by purchasing oil fields outside of Ohio.[5] The company also started oil refining. In 1924, the company discovered oil in Texas.[4] In the same year, it acquired Lincoln Oil Refining Company. This purchase included a refinery and 17 brand service stations in Indiana. Several years later, Ohio Oil acquired Transcontinental Oil, which included – in addition to refineries, storage facilities, and filling stations – the Marathon product name.[6]
Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 13 refineries and over 3 million barrels per calendar day of refining capacity.[7] Marathon Petroleum ranked No. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.[8] In the 2020 Forbes Global 2000, Marathon Petroleum was ranked as the 197th-largest public company in the world.[9]
Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon and ARCO branded fuel stations.[10] MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.
- ^ "Marathon Petroleum Corp. Announces Leadership Transition Effective August 1, 2024". Marathon Petroleum. Retrieved October 24, 2024.
- ^ "Marathon Petroleum Corporation 2024 Annual Report (Form 10K)". sec.gov. U.S. Securities and Exchange Commission. February 27, 2025.
- ^ "An Enduring Relationship with the American Driver". Marathon Petroleum. Retrieved September 6, 2023.
- ^ a b c Turner, Tyya N. (2005). Vault Guide to the Top Energy Industry Employers. New York: Vault Inc. p. 139. ISBN 1-58131-318-7.
- ^ a b c "Marathon Oil Company | Oil & Gas, Exploration & Production | Britannica". www.britannica.com. 2023-08-25. Retrieved 2023-09-05.
- ^ a b Holloway, Milton L. (2021). Innovation Dynamics and Policy in the Energy Sector: Building Global Energy Markets, Institutions, Public Policy, Technology and Culture on the Texan Innovation Example. London: Academic Press. p. 91. ISBN 978-0-12-823813-4.
- ^ "Marathon Petroleum Corp. Announces Successful Completion Of Andeavor Combination, Creating The Leading US Refining, Midstream And Marketing Company". Archived from the original on 2019-04-10. Retrieved 2018-10-02.
- ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Archived from the original on 2019-01-15. Retrieved 2018-11-10.
- ^ "Forbes Global 2000". Forbes. Retrieved 31 October 2020.
- ^ "Marathon Launches New Retail Brand Campaign".