What is Marathon Petroleum?
Marathon Petroleum Corporation is a prominent company with Nationwide position in the key-markets of oil and gas, etc. Marathon Petroleum Corporation is engaged in marketing and distribution of gasoline, distillates and lubricants to commercial, industrial and retailing sectors. The company is listed on the New York stock exchange under the ticker symbol 'MPC'. The company has established approximately 5,100 Marathon gasoline stations across the country. Besides this, the company operates more than 1,470 Speedway stations in approximately nine states and 8,300 miles of pipelines throughout the country. The company has approximately 25,985 employees. According to 2012 records, the company had more than US$ 84.24 billion revenues and US$27.2 billion assets. Marathon Petroleum has seven refinery system plants. The company is counted among top five largest petroleum refiners across the United States.
History
Marathon Petroleum Corporation came into existence in the year 1984. The company was originally emerged under the name of Marathon Ashland Petroleum LLC. The company performs all types of operations through corporate office that is situated in Findlay, Ohio, United States.
Marathon Petroleum Corporation's Divisions
The company has two business divisions that include Speedway LLC and Catlettsburg Refining LLC. The first division Speedway LLC is a nationwide company which runs more than 1,480 gas stations and convenience stores. Speedway LLC was unfolded in the year 1959. The second division named Catlettsburg Refining LLC was instituted in the year 1922 that is engaged in providing oil refiner services in the United States.