Marathon Petroleum Company

539 South Main Street, Findlay, OH 45840

Marathon Petroleum has a long running commitment to its customers. Spun off from Marathon Oil Corporation in 2011, the company operates six refineries with the capacity to process about 1.1 million barrels of crude oil a day. Marathon Petroleum sells refined products at some 5,100 Marathon-branded gas stations and through retail subsidiary Speedway SuperAmerica’s 1,350 outlets. It also holds stakes in 4,500 miles of pipeline and is one of the largest asphalt and light oil product terminal operators in the US. The company distributes petroleum products wholesale to private-brand marketers and to large commercial and industrial consumers, as well as to the spot market. It has operations in almost 20 US states.

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3.3

Overall Excellence Rating

Industry

Oil, Gas and Mining

Category

Energy & Utilities

ESG/Ethical Impact

Our commitment to sustainability means striving to create shared value with our stakeholders — empowering people to achieve more, contributing to progress in our communities and protecting the environment we all share. We are challenging ourselves to lead in sustainable energy — meeting the needs of today while investing in an energy-diverse future. This objective drives us to strengthen the resiliency of our business by reducing our carbon footprint and conserving natural resources; innovate for the future by investing in renewables and emerging technologies; and embed sustainability in decision-making and in how we engage our people and many stakeholders. At MPC and MPLX, we continue challenging ourselves to lead in sustainable energy. To drive our progress, we’re focused on strengthening the resiliency of our operations, innovating for the future, and embedding sustainability in our decision-making and how we engage our employees and other stakeholders. This is an endeavor that touches important aspects of our operations – environmental stewardship, our people, our communities, and the governance processes and structures we use to guide our actions. To hold ourselves accountable for continuous improvement on environmental performance, we have established GHG emissions reduction goals that are time-bound and realistic. We are on track to achieve our Scope 1 and 2 emissions intensity reduction goal of 30% below 2014 levels by 2030 – as of year-end 2022 we were at 25%. Similarly, we have made significant progress on our methane emissions intensity goals. We are committed to updating and expanding targets as new information, opportunities and/ or technologies become available. Throughout this report, we highlight areas where we intend to modify several of our existing targets based upon our progress to date and new information. One of the key contributors to our Scope 1 and 2 GHG emissions reductions is our industry-leading energy efficiency. We have earned the U.S. EPA’s ENERGY STAR® Partner of the Year – Sustained Excellence award four consecutive years, and our refineries have earned more ENERGY STAR certifications for energy efficiency than all other refineries in the U.S. combined. We also continue to drive down the GHG emissions intensity of our operations through ongoing investments in renewables. Over the past four years, we have invested over $1 billion to convert two of our petroleum refineries to renewable fuels production, and MPC has become one of the largest marketers of renewable fuels in the U.S. Our Dickinson, North Dakota, facility produced nearly 170 million gallons of renewable diesel in 2022, and our Martinez Renewable Fuels Facility – owned through our 50/50 joint venture with Neste – began producing renewable diesel in the first quarter of 2023. By the end of 2023, we expect the Martinez facility to reach full capacity of over 730 million gallons of renewable fuels production per year. We recently expanded our renewable fuels portfolio by acquiring a 49.9% interest in LF Bioenergy, which builds, owns, and operates facilities that turn organic waste on dairy farms into renewable natural gas (RNG).

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Awards Received

2023

Revenues

$177,400,000,000.00

Website Traffic

Employee Rating

3.6

Customer Rating

3.9

Company Size

10000+

ESG Risk Rating

3

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