Marathon Petroleum is spending heavily to squeeze more profit from its refineries and grow its pipeline and export network, but that plan leans on fuel demand staying tight and the right kinds of oil staying cheap. If global demand cools or those advantages fade, the company’s long-term earnings could look weaker than many expect.Read more
Marathon Petroleum could benefit from strong fuel demand and fewer competing refineries, which may keep its plants running hard and support better profits even in choppy markets. But the same bet on traditional fuels also leaves it exposed if cleaner transport and tougher environmental rules pick up speed.Read more
Catalysts About Marathon Petroleum Marathon Petroleum operates a large, integrated refining, marketing, midstream and renewables platform across the United States. What are the underlying business or industry changes driving this perspective?Read more
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. The company sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment gathers, transports, stores, distributes, and markets crude oil and refined products, including renewable diesel and other hydrocarbon-based products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and transports, fractionates, stores, and markets natural gas liquids. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets, and distributes renewable diesel through its Midstream segment and third parties. It sells renewable diesel to wholesale marketing customers, buyers on the spot market, and through long-term supply contracts to direct dealers under the ARCO brand. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
