MPC
- Marathon Petroleum Corporation
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Overview
Company Summary
Marathon Petroleum Corporation (MPC) is a leading American petroleum refining, marketing, and transportation company. It specializes in the exploration, production, refining, and distribution of petroleum products across the United States.
MPC operates a vast network of refineries strategically located in key regions such as the Midwest, Gulf Coast, and Southeastern United States. These refineries have a combined refining capacity of over 3 million barrels of crude oil per day. Through their refining operations, MPC converts crude oil into a wide range of products, including gasoline, diesel, jet fuel, asphalt, and various petrochemicals.
In addition to refining, MPC is involved in marketing and distributing its petroleum products through an extensive network of branded retail locations, including Speedway, its own gasoline and convenience store chain. These retail locations offer fuel as well as other products and services to customers across the country.
Furthermore, MPC operates an extensive pipeline system for the transportation of crude oil and refined products, providing efficient and reliable logistics solutions to its customers. The company also has significant investments in various midstream assets such as storage terminals, docks, and marine vessels.
MPC's activities are not limited to the United States. The company has a global presence through its international subsidiary, Speedway International, which markets transportation fuels and lubricants in Mexico and other countries.
Overall, Marathon Petroleum Corporation plays a crucial role in the energy industry by efficiently refining, marketing, and transporting petroleum products, ensuring a reliable supply of fuel and other essential products to meet the energy needs of consumers, businesses, and industries throughout the United States.