Overview
Marathon Petroleum refines, markets and transports petroleum products through Refining and Marketing and Midstream segments.[2] Fortune records 2025 revenue of US$135.2bn, down 3.7% on 2024, and profit of US$4,047m, with headquarters in Findlay, Ohio.[1] Its revenue was only US$1.3bn below that of Phillips 66.[1]
Marathon Petroleum strengths and limitations
Strengths
- Large US refining system
- Midstream segment provides fee-based income
Limitations
- Refining margins are cyclical
- Revenue fell 3.7% in 2025
Appears in
Marathon Petroleum peers and competitors
Companies ranked in the same lists as Marathon Petroleum.
Saudi Aramco- Equinor ASA
- Orlen
Pemex (Petróleos Mexicanos)- PTT
Energy Transfer
SK Inc.- Petrobras
- Indian Oil Corporation
Eni- Rosneft
- Gazprom
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