Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States.
The company operates through three segments: Refining & Marketing, Speedway and Pipeline Transportation.
The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
The Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, primarily through Speedway convenience stores.
The Pipeline Transportation segment transports crude oil and other feedstocks to refineries and other locations, delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP and the company's retained pipeline assets and investments.
Marathon Petroleum was founded on June 30, 2011 and is headquartered in Findlay, OH.