Marathon Petroleum Corp’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

MPC refines, transports and markets petroleum products to commercial and industrial sectors. Read more

1,234 Followers on Owler
1,234 Followers on Owler
1,234 Followers on Owler
1,234 Followers on Owler

MPC refines, transports and markets petroleum products to commercial and industrial sectors. Read more

Michael J. Hennigan's photo - President & CEO of Marathon Petroleum Corp

President & CEO

Michael J. Hennigan

CEO Approval Rating

100/100

Founded:

1887

Status:

PublicIndependent CompanyNYSEMPC

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Valero is one of Marathon Petroleum Corp's top competitors. Valero is a Public company that was founded in San Antonio, Texas in 1980. Valero is in the Oil & Gas Exploration, Production, Sales field. Valero has 50,128 fewer employees vs. Marathon Petroleum Corp.

CITGO is perceived as one of Marathon Petroleum Corp's biggest rivals. CITGO was founded in 1910 in Houston, Texas. CITGO competes in the Oil & Gas Exploration, Production, Sales industry. CITGO generates $91.7B less revenue than Marathon Petroleum Corp.

Phillips 66 is a top competitor of Marathon Petroleum Corp. Phillips 66's headquarters is in Houston, Texas, and was founded in 1875. Phillips 66 competes in the Multi-Utilities field. Phillips 66 generates 82% of Marathon Petroleum Corp's revenue.

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Competitor - 1/1

Is Exxon Mobil a competitor of Marathon Petroleum Corp?

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$91.7B

Marathon Petroleum Corp's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 55B. Over the last four quarters, Marathon Petroleum Corp's revenue has decreased by 49.7%. Specifically, in Q3 2020's revenue was $17.5B; in Q2 2020, it was $15.2B; in Q1 2020, it was $24.1B; in Q4 2019, Marathon Petroleum Corp's revenue was $34.9B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Andeavor

Apr 2018

Source »
$23.3B
Andeavor is engaged in the exploration, production, refining, marketing and distribution of oil and gas resources.

-

-

Jan 1930

Source »
$undefined
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These are all the companies that Marathon Petroleum Corp has acquired. Marathon Petroleum Corp has acquired 2 companies and its latest acquisition was Andeavor in Apr 2018. Andeavor is engaged in the exploration, production, refining, marketing and distribution of oil and gas resources.

Marathon Petroleum Corp Funding History

$1B

Since Marathon Petroleum Corp was founded in 1887, it has participated in 1 round of funding. In total Marathon Petroleum Corp has raised $1.0B. Marathon Petroleum Corp's funding round was on Apr 2020 for a total of $1.0B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Apr 2020
$1B
-

Since Marathon Petroleum Corp was founded in 1887, it has participated in 1 round of funding. In total Marathon Petroleum Corp has raised $1.0B. Marathon Petroleum Corp's funding round was on Apr 2020 for a total of $1.0B

Investments

No recent investments found related to Marathon Petroleum Corp

These are all the companies that Marathon Petroleum Corp has invested in. Marathon Petroleum Corp has invested 2 companies and its latest investment was Andeavor in Apr 2018. Andeavor is engaged in the exploration, production, refining, marketing and distribution of oil and gas resources.

Marathon Petroleum Corp News

November 12, 2020MarketScreener

Marathon Petroleum Corp. announces CFO to retire early next year

(marketscreener.com) FINDLAY, Ohio, Nov. 11, 2020/PRNewswire/ -- Marathon Petroleum Corporation today... See more »
November 5, 2020Biodiesel Magazine

Marathon announces progress with 2 renewable diesel projects

Marathon Petroleum is in the process of starting up its renewable diesel facility in Dickinson, North... See more »
November 4, 2020Convenience Store Decisions

7-Eleven Parent Company Reportedly Divesting Up to 300 Locations

7-Eleven parent company, Tokyo-based Seven & i Holdings Co Ltd., is planning to sell as many as 300 l... See more »
November 4, 2020NewsOk

Marathon Petroleum Corporation Names Solomon Associates Recipient of Sustainability Partnership Award

DALLAS--(BUSINESS WIRE)--Nov 4, 2020--HSB Solomon Associates LLC (Solomon) announced today that it ha... See more »
November 4, 2020Benzinga

Analyzing Marathon Petroleum's Unusual Options Activity

Marathon Petroleum (NYSE: MPC) shares experienced unusual options activity on Wednesday. The stock pr... See more »
November 3, 2020Seeking Alpha

The Vertical Integration Advantage

Marathon Petroleum Corp Press Releases

April 27, 2020PR Newswire

Marathon Petroleum Corp. Announces $1 Billion Revolving Credit Facility

FINDLAY, Ohio, April 27, 2020 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced th... See more »
April 3, 2020centralcharts

Marathon Petroleum Corp. Reschedules 2020 First-Quarter Earnings Call to May 5

Marathon Petroleum Corp. Reschedules 2020 First-Quarter Earnings Call to May 5 PR Newswire FINDLAY, O... See more »
April 2, 2020PR Newswire

Marathon Petroleum Corp. to Hold 2020 Annual Meeting of Shareholders in Virtual Format

/PRNewswire/ -- Due to the evolving impact of the coronavirus outbreak (COVID-19), and to support the... See more »
April 1, 2020centralcharts

Marathon Petroleum Corporation earns 2020 ENERGY STAR® Partner of the Year - Sustained Excellence Award

Marathon Petroleum Corporation earns 2020 ENERGY STAR® Partner of the Year - Sustained Excellence Awa... See more »
January 17, 2020Business Wire

2020 Competitive Analysis Series - Marathon Petroleum - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "2020 Marathon Petroleum Performance, Capabilities, Goals and Strategies... See more »
October 31, 2019PR Newswire

Gary R. Heminger Announces Plan To Retire From Marathon Petroleum In 2020 After 45 Years

FINDLAY, Ohio, Oct. 31, 2019 /PRNewswire/ -- Gary R. Heminger, Chairman and Chief Executive Officer o... See more »
October 24, 2019Business Wire

Paul Foster and Jeff Stevens Issue Open Letter to Marathon Petroleum Corporation's Stockholders

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Paul Foster and Jeff Stevens, who together with their affiliates ... See more »

Marathon Petroleum Corp Videos

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Headquarters

539 South Main Street

Findlay, Ohio45840

1-419-422-2121

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Summary

ABOUT

Overview

MPC refines, transports and markets petroleum products to commercial and industrial sectors. Marathon Petroleum Corp was founded in 1887. Marathon Petroleum Corp's headquarters is located in Findlay, Ohio, USA 45840. It has raised 1.0B in 1 round. The...

CEO

Marathon Petroleum Corp's President & CEO, Michael J. Hennigan, currently has an approval rating of 100%. Marathon Petroleum Corp's primary competitors are Valero, CITGO & Phillips 66.

Website

marathonpetroleum.com

Frequently Asked Questions about Marathon Petroleum Corp

  1. When was Marathon Petroleum Corp founded?

    Marathon Petroleum Corp was founded in 1887
  2. Who is Marathon Petroleum Corp's CEO?

    Marathon Petroleum Corp's CEO is Michael J. Hennigan
  3. How much revenue does Marathon Petroleum Corp generate?

    Marathon Petroleum Corp generates $91.7B in revenue
  4. How much funding does Marathon Petroleum Corp have?

    Marathon Petroleum Corp has historically raised $1B in funding
  1. Where is Marathon Petroleum Corp's headquarters?

    Marathon Petroleum Corp's headquarters is in Findlay Ohio, USA
  2. How many employees does Marathon Petroleum Corp have?

    Marathon Petroleum Corp has 60,350 employees
  3. What sector does Marathon Petroleum Corp operate in?

    Marathon Petroleum Corp is in Integrated Oil & Gas, Oil & Gas Exploration, Production, Sales
  4. Who are Marathon Petroleum Corp's competitors?

    Marathon Petroleum Corp's top competitors are Valero, CITGO, Phillips 66