Marathon Petroleum Corporation @ 2023-08-19

News Title: Refiners under pressure not to raise fuel prices
Description: Local refiners are under pressure to join government efforts to stabilize fuel prices amid its decision to extend the petroleum tax reduction period until the end of October, an industry official said, Friday.
News Sentiment: 0.0 (Neutral)

Marathon Petroleum Corporation

Sector: Energy

Industry: Oil & Gas Refining & Marketing

Full Time Employees: 17800


Long Business Summary:

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane, petrochemicals, and natural gas liquids. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company was founded in 1887 and is headquartered in Findlay, Ohio.

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Marathon Petroleum Corporation
Marathon Petroleum Corporation

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Marathon Petroleum Corporation
Marathon Petroleum Corporation

Suggested Currency Pair: USD/KRW

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