With a $53.78 billion market cap, Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company in the United States. The company operates in two business segments: Refining & Marketing and Midstream. It operates more than 7,160 jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs.
The oil and gas prices climbed significantly in the first quarter of this year, driven by solid demand and tight global supplies aggravated by the Russia-Ukraine war. However, since mid-June, energy prices have retreated from their peaks due to macroeconomic factors, including recessionary fears.
