About Marathon Petroleum

Marathon Petroleum Corporation operates as an integrated, downstream energy company. The company operates the nation's largest refining system with approximately 2.9 million barrels per day of crude oil refining capacity. The company distributes its refined products through one of the largest terminal operations in the United States and one of the largest private domestic fleets of inland petroleum product barges. In addition, the company’s integrated midstream energy asset network links producers of natural gas and NGLs (natural gas liquids, such as ethane, propane, butanes, and natural gasoline) from some of the largest supply basins in the United States to domestic and international markets. Segments The company operates through two segments, Refining & Marketing and Midstream. Refining & Marketing segment This segment refines crude oil and other feedstocks, including renewable feedstocks, at the company’s refineries in the Gulf Coast, Mid-Continent and West Coast regions of the United States, purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution and marketing services provided largely by its Midstream segment. The company sells refined products to wholesale marketing customers domestically and internationally, to buyers on the spot market, to independent entrepreneurs who operate primarily Marathon branded outlets and through long-term supply contracts with direct dealers who operate locations mainly under the ARCO brand. Refineries The company owns and operates refineries in the Gulf Coast, Mid-Continent and West Coast regions of the United States with an aggregate crude oil refining capacity of 2,898 thousand barrels per calendar day (mbpcd). During 2022, the company’s refineries processed 2,761 thousand barrels per day (mbpd) of crude oil and 190 mbpd of other charge and blendstocks. During 2021, the company’s refineries processed 2,621 mbpd of crude oil and 178 mbpd of other charge and blendstocks. The company’s refineries include crude oil atmospheric and vacuum distillation, fluid catalytic cracking, hydrocracking, catalytic reforming, coking, desulfurization and sulfur recovery units. The refineries process a wide variety of condensate and light and heavy crude oils purchased from various domestic and foreign suppliers. The company produces numerous refined products, ranging from transportation fuels, such as reformulated gasolines, blend-grade gasolines intended for blending with ethanol and ultra-low sulfur diesel (ULSD) fuel, to heavy fuel oil and asphalt. Additionally, the company manufactures NGLs and petrochemicals and propane. The company’s refineries are integrated with each other via pipelines, terminals and barges to maximize operating efficiency. The transportation links that connect the company’s refineries allow the movement of intermediate products between refineries to optimize operations, produce higher margin products and efficiently utilize its processing capacity. Also, shipping intermediate products between facilities during partial refinery shutdowns allows the company to utilize processing capacity that is not directly affected by the shutdown work. Following is a description of each of the company’s refineries and their capacity by region. Gulf Coast Region (1,178 mbpcd) Garyville, Louisiana Refinery (596 mbpcd) The company’s Garyville refinery, which is one of the largest refineries in the U.S., is located along the Mississippi River in southeastern Louisiana between New Orleans, Louisiana and Baton Rouge, Louisiana. The Garyville refinery is configured to process a wide variety of crude oils into gasoline, distillates, NGLs and petrochemicals, heavy fuel oil, asphalt and propane. The refinery has access to the export market and multiple options to sell refined products. The company’s Garyville refinery has earned designation as the U.S. Occupational Safety and Health Administration (OSHA) Voluntary Protection Program (VPP) Star site. Galveston Bay, Texas City, Texas Refinery (593 mbpcd) The company’s Galveston Bay refinery is a combination of its former Texas City refinery and Galveston Bay refinery. The refinery is located on the Texas Gulf Coast southeast of Houston, Texas and can process a wide variety of crude oils into gasoline, distillates, NGLs and petrochemicals, heavy fuel oil and propane. The refinery has access to the export market and multiple options to sell refined products. The company’s cogeneration facility, which supplies the Galveston Bay refinery, has 1,055 megawatts of electrical production capacity and can produce 4.3 million pounds of steam per hour. Approximately 48 percent of the power generated in 2022 was used at the refinery, with the remaining electricity being sold into the electricity grid. Mid-Continent Region (1,159 mbpcd) Catlettsburg, Kentucky Refinery (291 mbpcd) The company’s Catlettsburg refinery is located in northeastern Kentucky on the western bank of the Big Sandy River, near the confluence with the Ohio River. The Catlettsburg refinery processes sweet and sour crude oils, including production from the nearby Utica Shale, into gasoline, distillates, asphalt, NGLs and petrochemicals, propane and heavy fuel oil. The company’s Catlettsburg refinery has earned designation as an OSHA VPP Star site. Robinson, Illinois Refinery (253 mbpcd) The company’s Robinson refinery is located in southeastern Illinois. The Robinson refinery processes sweet and sour crude oils into gasoline, distillates, NGLs and petrochemicals, propane and heavy fuel oil. The Robinson refinery has earned designation as an OSHA VPP Star site. Detroit, Michigan Refinery (140 mbpcd) The company’s Detroit refinery is located in southwest Detroit. It is the only petroleum refinery operating in Michigan. The Detroit refinery processes sweet and heavy sour crude oils into gasoline, distillates, asphalt, NGLs and petrochemicals, propane and heavy fuel oil. The company’s Detroit refinery has earned designation as an OSHA VPP Star site. El Paso, Texas Refinery (133 mbpcd) The company’s El Paso refinery is located east of downtown El Paso. The El Paso refinery processes sweet and sour crudes into gasoline, distillates, heavy fuel oil, propane, asphalt and NGLs and petrochemicals. St. Paul Park, Minnesota Refinery (105 mbpcd) The company’s St. Paul Park refinery is located along the Mississippi River southeast of St. Paul Park. The St. Paul Park refinery processes sweet and heavy sour crude and manufactures gasoline, distillates, asphalt, propane, heavy fuel oil and NGLs and petrochemicals. Canton, Ohio Refinery (100 mbpcd) The company’s Canton refinery is located south of Cleveland, Ohio. The Canton refinery processes sweet and sour crude oils, including production from the nearby Utica Shale, into gasoline, distillates, asphalt, propane, NGLs and petrochemicals and heavy fuel oil. The Canton refinery has earned designation as an OSHA VPP Star site. Mandan, North Dakota Refinery (71 mbpcd) The company’s Mandan refinery is located outside of Bismarck, North Dakota. The Mandan refinery processes primarily sweet domestic crude oil from North Dakota and manufactures gasoline, distillates, propane, heavy fuel oil and NGLs and petrochemicals. Salt Lake City, Utah Refinery (66 mbpcd) The company’s Salt Lake City refinery is the largest in Utah and is located north of downtown Salt Lake City. The Salt Lake City refinery processes crude oil from Utah, Colorado, Wyoming and Canada to manufacture gasoline, distillates, heavy fuel oil, NGLs and petrochemicals and propane. West Coast Region (550 mbpcd) Los Angeles, California Refinery (363 mbpcd) The company’s Los Angeles refinery is located in Los Angeles County, near the Los Angeles Harbor. The Los Angeles refinery is the largest refinery on the West Coast and is a major producer of cleaner burning California Air Resources Board (CARB) fuels. The Los Angeles refinery processes heavy crude from California’s San Joaquin Valley and Los Angeles Basin, as well as crudes from the Alaska North Slope, South America, West Africa and other international sources; and manufactures CARB gasoline and CARB diesel fuel, as well as conventional gasoline, distillates, NGLs and petrochemicals, heavy fuel oil and propane. Anacortes, Washington Refinery (119 mbpcd) The company’s Anacortes refinery is located north of Seattle on Puget Sound. The Anacortes refinery processes Canadian crude, domestic crude from North Dakota and the Alaska North Slope and international crudes to manufacture gasoline, distillates, heavy fuel oil, propane and NGLs and petrochemicals. Kenai, Alaska Refinery (68 mbpcd) The company’s Kenai refinery is located on the Cook Inlet, southwest of Anchorage. The Kenai refinery processes mainly Alaska domestic crude, domestic crude from North Dakota, along with limited international crude and manufactures distillates, gasoline, heavy fuel oil, asphalt, propane and NGLs and petrochemicals. Crude Oil Supply The company obtains the crude oil it refines through negotiated term contracts and purchases or exchanges on the spot market. The company’s term contracts generally have market-related pricing provisions. The company’s refineries receive crude oil and other feedstocks and distribute its refined products through a variety of channels, including pipelines, trucks, railcars, ships and barges. Renewable Fuels The Dickinson, North Dakota, renewable fuels facility began operations at the end of 2020 and reached full design operating capacity in the second quarter of 2021. The facility has the capacity to produce 184 million gallons per year of renewable diesel from corn oil, soybean oil, fats and greases. The produced renewable diesel generates federal renewable identification numbers (RINs) and LCFS credits when sold in California or similar markets. These instruments are used to help meet the company’s Renewable Fuel Standard and Low Carbon Fuel Standard (LCFS) compliance obligations as a petroleum fuel producer. In September 2022, the company closed on the formation of the Martinez Renewable Fuels joint venture (the Martinez Renewable joint venture), a partnership structured as a 50/50 joint venture with Neste Corporation (Neste). Converting the Martinez facility from refining petroleum to manufacturing renewable fuels signals the company’s strong commitment to producing a substantial level of lower carbon-intensity fuels in California. The facility is expected to ramp up to producing 730 million gallons per year by the end of 2023, with pretreatment capabilities coming online in 2023. The company’s wholly owned subsidiary, Virent Inc. (Virent), operates an advanced biofuels facility in Madison, Wisconsin at which it is working to commercialize a process for converting biobased feedstocks into renewable fuels and chemicals. During 2022, Virent continued to advance its technology to commercialization with demonstration activities in both the fuels and chemicals industries, including a demonstration flight with Gulfstream in a G650 aircraft in which one engine used 100 percent sustainable aviation fuel (SAF) that included Virent’s synthesized aromatic kerosene as a blending component to provide a 100 percent drop-in SAF that was fully compatible with today’s jet fuel specifications. Additional demonstration projects included the introduction of bio-based polyester fabrics to applications in the airline, fashion and outdoor clothing industries. In December 2021, the company finalized the formation of a joint venture with Archer-Daniels-Midland Company (ADM) for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. The joint venture, which is named Green Bison Soy Processing, LLC, will own and operate a soybean processing complex in Spiritwood, North Dakota, with ADM owning 75 percent of the joint venture and MPC owning 25 percent. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to the company. The Spiritwood complex is expected to produce approximately 600 million pounds of refined soybean oil annually, enough feedstock for approximately 75 million gallons of renewable diesel per year. The company holds an ownership interest in ethanol production facilities in Albion, Michigan; Logansport, Indiana; Greenville, Ohio and Denison, Iowa. These plants have a combined ethanol production capacity of approximately 475 million gallons per year and are managed by the company’s joint venture partner, The Andersons, Inc. (The Andersons). Refined Product Sales The company’s refined products are sold to independent retailers, wholesale customers, its brand jobbers and direct dealers. In addition, the company sells refined products for export to international customers. As of December 31, 2022, there were 7,209 brand jobber outlets in 38 states, the District of Columbia and Mexico where independent entrepreneurs primarily maintain Marathon-branded outlets. The company also has long-term supply contracts for 1,172 direct dealer locations primarily in Southern California, largely under the ARCO brand. Refined Product Sales Destined for Export The company sells gasoline, distillates and asphalt for export, primarily out of its Garyville, Galveston Bay, Anacortes and Los Angeles refineries. Gasoline and Distillates The company sells gasoline, gasoline blendstocks and distillates (including No. 1 and No. 2 fuel oils, jet fuel, kerosene, diesel and renewable diesel) to wholesale customers, branded jobbers, direct dealers and in the spot market. In addition, it sells diesel fuel and gasoline for export to international customers. The demand for gasoline and distillates is seasonal in many of the company’s markets, with demand typically at its highest levels during the summer months. NGLs and Petrochemicals The company is a producer and marketer of NGLs and petrochemicals. Product availability varies by refinery and includes, among others, propylene, xylene, butane, benzene, toluene and cumene. The company markets these products domestically to customers in the chemical, agricultural and fuel-blending industries. In addition, the company produces fuel-grade coke at its Garyville, Detroit, Galveston Bay and Los Angeles refineries, which is used for power generation and in miscellaneous industrial applications, and anode-grade coke at its Los Angeles and Robinson refineries, which is used to make carbon anodes for the aluminum smelting industry. Asphalt The company has refinery-based asphalt production capacity of up to 141 mbpcd, which includes asphalt cements, polymer-modified asphalt, emulsified asphalt, industrial asphalts and roofing flux. The company has a broad customer base, including asphalt-paving contractors, resellers, government entities (states, counties, cities and townships) and asphalt roofing shingle manufacturers. The company sells asphalt in the domestic and export wholesale markets via rail, barge and vessel. Propane The company produces propane at all of its refineries. Propane is primarily used for home heating and cooking, as a feedstock within the petrochemical industry, for grain drying and as a fuel for trucks and other vehicles. The company’s propane sales are split approximately 80 percent and 20 percent between the home heating market and industrial/petrochemical consumers, respectively. Heavy Fuel Oil The company produces and markets heavy residual fuel oil or related components, including slurry, at all of its refineries. Heavy residual fuel oil is primarily used in the utility and ship bunkering (fuel) industries, though there are other more specialized uses of the product. Terminals and Transportation The company transports, store and distribute crude oil, feedstocks and refined products through pipelines, terminals and marine fleets owned by MPLX and third parties in its market areas. The company owns a fleet of transport trucks and trailers for the movement of refined products and crude oil. In addition, it maintains a fleet of leased and owned railcars for the movement and storage of refined products. Midstream segment This segment transports, stores, distributes and markets crude oil and refined products principally for the Refining & Marketing segment via refining logistics assets, pipelines, terminals, towboats and barges; gathers, processes and transports natural gas; and gathers, transports, fractionates, stores and markets NGLs. This segment primarily reflects the results of MPLX LP (MPLX). MPLX is a diversified, large-cap master limited partnership (MLP) formed in 2012 that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. As of December 31, 2022, the company owned the general partner of MPLX and approximately 65 percent of the outstanding MPLX common units. MPLX MPLX LP (MPLX) owns and operates a network of crude oil, natural gas and refined product pipelines and has joint ownership interests in crude oil, refined products and other pipelines. MPLX also owns and operates light products terminals, storage assets and maintains a fleet of owned and leased towboats and barges in the support of fuels distribution on behalf of the company. MPLX’s assets also include natural gas gathering systems and natural gas processing and NGL fractionation complexes. MPC-Retained Midstream Assets and Investments The company owns four Jones Act product tankers, have ownership interests in several crude oil and refined products pipeline systems and pipeline companies and have an indirect ownership interest in an ocean vessel joint venture through its investment in Crowley Coastal Partners LLC (Crowley Coastal Partners). Regulatory Matters The company’s operations are subject to numerous laws and regulations, including those relating to the protection of the environment. Such laws and regulations include, among others, the Clean Air Act (CAA) with respect to air emissions, the Clean Water Act (CWA) with respect to water discharges, the Resource Conservation and Recovery Act (RCRA) with respect to solid and hazardous waste treatment, storage and disposal, the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) with respect to releases and remediation of hazardous substances and the Oil Pollution Act of 1990 (OPA-90) with respect to oil pollution and response. Some of the company’s existing pipelines are considered interstate common carrier pipelines subject to regulation by the Federal Energy Regulatory Commission (FERC) under the Interstate Commerce Act (the ICA), Energy Policy Act of 1992 (EPAct 1992) and the rules and regulations promulgated under those laws. The company’s rates for interstate transportation service in effect for the 365-day period ending on the date of the passage of EPAct 1992 were deemed just and reasonable and therefore are grandfathered. Subsequent changes to those rates are not grandfathered. The company maintains numerous discharge permits as required under the National Pollutant Discharge Elimination System program of the CWA and have implemented systems to oversee its compliance with these permits. In addition, the company is regulated under OPA-90, which, among other things, requires the owner or operator of a tank vessel or a facility to maintain an emergency plan to respond to releases of oil or hazardous substances. The company has implemented emergency oil response plans for all of its components and facilities covered by OPA-90 and it has established Spill Prevention, Control and Countermeasures plans for all facilities subject to such requirements. Some coastal states in which the company operates has passed state laws similar to OPA-90. As part of the company’s emergency response activities, it has used aqueous film forming foam (AFFF) containing per- and polyfluoroalkyl substances (PFAS) chemicals as a vapor and fire suppressant. The company is subject to oversight pursuant to the federal Occupational Safety and Health Act, as amended (OSH Act), as well as comparable state statutes that regulate the protection of the health and safety of workers. The company is also subject at regulated facilities to the Occupational Safety and Health Administration’s Process Safety Management (PSM) and EPA’s Risk Management Program (RMP) requirements, which are intended to prevent or minimize the consequences of catastrophic releases of toxic, reactive, flammable or explosive chemicals. The DOT has adopted safety regulations with respect to the design, construction, operation, maintenance, inspection and management of the company’s pipeline assets. Various federal agencies, including the U.S. Environmental Protection Agency (EPA) and the Department of the Interior, along with certain Native American tribes, promulgate and enforce regulations pertaining to oil and gas operations on Native American tribal lands where the company operates. Trademarks, Patents and Licenses The company’s Marathon and ARCO trademarks are material to the conduct of its refining and marketing operations. The company holds a number of the U.S. and foreign patents and have various pending patent applications. History Marathon Petroleum Corporation was founded in 1887. The company was incorporated in Delaware in 2009.