About Marathon Petroleum
Marathon Petroleum is a company based in Findlay (United States) founded in 1887.. The company has 18,300 employees as of December 31, 2024. Marathon Petroleum has completed 2 acquisitions, including Andeavor and Noco.
- Headquarter Findlay, United States
- Employees 18300 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Marathon Petroleum Corporation
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Annual Revenue
$138.52 B-6.7as on Dec 31, 2024
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Net Profit
$3.44 B-64.42as on Dec 31, 2024
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EBITDA
$9.23 B-45.52as on Dec 31, 2024
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Latest Funding Round
$6 B (USD), Debt – Conventional
Aug 28, 2018
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Investors
JPMorgan Chase
& 1 more
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Employee Count
18300
as on Dec 31, 2024
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Investments & Acquisitions
Andeavor
& 1 more
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IPO & Listings of Marathon Petroleum
Marathon Petroleum is a publicly listed company on the NYSE with ticker symbol MPC in USA, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
170 people
Leadership Team
53 people
Senior Team
46 people
Operations Team
41 people
Human Resources and Administration
35 people
Sales and Marketing
28 people
Finance and Accounting
28 people
Project Team
25 people
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Funding Insights of Marathon Petroleum
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $6.0B
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First Round
First Round
(02 Apr 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Debt – Conventional - Marathon Petroleum | Valuation |
investors |
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| Apr, 2007 | Amount | Grant - Marathon Petroleum | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Marathon Petroleum
Marathon Petroleum has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include JPMorgan Chase and National Science Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Financial services are provided to consumers and corporations worldwide.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Marathon Petroleum
Marathon Petroleum has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Andeavor and Noco. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Refining, marketing and logistics company
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1960 | ||||
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Provider of energy solutions, HVAC services, and fuels
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1933 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Marathon Petroleum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Marathon Petroleum Comparisons
Competitors of Marathon Petroleum
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Marathon Petroleum
Frequently Asked Questions about Marathon Petroleum
When was Marathon Petroleum founded?
Marathon Petroleum was founded in 1887 and raised its 1st funding round 120 years after it was founded.
Where is Marathon Petroleum located?
Marathon Petroleum is headquartered in Findlay, United States. It is registered at Findlay, Ohio, United States.
Who is the current CEO of Marathon Petroleum?
Gary Heminger is the current CEO of Marathon Petroleum.
How many employees does Marathon Petroleum have?
As of Dec 31, 2024, the latest employee count at Marathon Petroleum is 18,300.
What is the annual revenue of Marathon Petroleum?
Annual revenue of Marathon Petroleum is $138.52B as on Dec 31, 2024.
What does Marathon Petroleum do?
Marathon Petroleum was founded in 1887 and is headquartered in Findlay, United States. Operations are focused on the petroleum sector, where crude oil is refined into fuels, petrochemicals, asphalt, heavy oil, and propane. Wholesale and retail marketing of these products is conducted, along with transportation services. In 2022, revenues of 174.05 billion were reported, with net profits reaching 16.39 billion.
Is Marathon Petroleum publicly traded?
Yes, Marathon Petroleum is publicly traded on NYSE under the ticker symbol MPC.
How many acquisitions has Marathon Petroleum made?
Who are Marathon Petroleum's investors?
Marathon Petroleum has 2 investors. Key investors include JPMorgan Chase, and National Science Foundation.
What is Marathon Petroleum's ticker symbol?
The ticker symbol of Marathon Petroleum is MPC on NYSE.