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Employees and contractors at our Brae platform add profitable production from the North Sea. Other core regions include the U.S., Canada and Equatorial Guinea.

Africa

Asia

Europe

North America

Marathon assets, such as those in the Bakken and Eagle Ford plays, are indicative of our steady growth and the exciting opportunities that are yet to come.

Investors FAQs

At Marathon, we realize the importance of being transparent and regularly sharing company and industry information with our customers, employees and stakeholders.

Spotlight Series

Marathon’s commitment to the community is deeply rooted in our core values. Our employee-run Books for Bioko program collects supplies for schools in Equatorial Guinea.

Policies, Beliefs and Expectations

Workforce

Pablo Ondo Zetmayer, a gas plant operator in Equatorial Guinea, is a prime example of Marathon’s globally diverse workforce, which enjoys worldwide experiences and world-class opportunities.

College Grads, Interns and Co-ops

Fraud Alert

With a focus on safety, innovation and environmental stewardship, Marathon is among the world’s leading independent exploration and production companies.

Downstream

Investor Center Annual Review Downstream

In January, the Board of Directors announced plans to spin off the downstream assets as Marathon Petroleum Corporation (MPC), creating two independent, highly focused energy companies. MPC is expected to be the fifth largest U.S. refiner and the largest in the Midwest, with geographically and strategically aligned operations across the downstream value chain.

Executing Downstream Strategy

Downstream focuses on running safe, reliable operations; positioning assets to address changes in the marketplace; capturing commercial advantage within a strong logistics system; and increasing retail and brand sales volumes.

Marathon has extensive refining, marketing and transportation (RM&T) operations concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S. Strategically located to serve major markets in these regions, Marathon's current operations include six refineries with an aggregated crude oil refining capacity of 1,142 thousand barrels per day (mbpd) and a comprehensive terminal and transportation system.

On December 1, 2010, Marathon completed the sale of most of its Minnesota downstream assets at a transaction value of approximately $935 million. This sale included the 74 mbpd St. Paul Park refinery.

Marathon's market area includes approximately 5,100 Marathon Brand locations in 18 states. Speedway LLC (Speedway), our wholly owned retail marketing subsidiary, is the fourth largest chain of company-owned and -operated retail gasoline and convenience stores in the U.S. Speedway has approximately 1,350 stores in seven states.

Construction on the Detroit Heavy Oil Upgrade Project (DHOUP) remained on schedule for expected completion in the second half of 2012.

Marathon's Downstream organization will continue to focus on safety and environmental responsibility in 2011. Additionally, the Company will look to grow the Speedway and Marathon Brand market share by capitalizing on its integrated logistical system. The 2011 Downstream capital budget of $1.2 billion is allocated to progressing DHOUP ($600 million), addressing Mobile Source Air Toxics II regulations that went into effect January 1, 2011, ($100 million) and supporting other RM&T operations ($500 million).

Downstream Increased Throughput and Sales

In 2010, Marathon increased its refining throughputs as a result of completing the full integration of refinery units as part of the Garyville Major Expansion (GME), partially offset by the sale of the St. Paul Park refinery. The Company's total refinery throughputs of 1,335 mpbd in 2010 were almost 16 percent higher than 2009 throughputs.

Marathon Brand marketing sales increased approximately 350 million gallons or just under 10 percent in a market area that grew less than one percent.

Serving about 2 million customers per day, Speedway's 2010 same store gasoline volumes increased 3 percent while merchandise sales rose 4 percent over 2009 levels. Additionally, approximately 3.3 billion gallons of transportation fuel and a record $3.2 billion in merchandise were sold in 2010. Speedway was named the "best gasoline brand in the U.S." for a second year running by the EquiTrend^® Brand Study conducted by Harris Interactive.