U.S. refining and logistics
Marathon Petroleum Corporation
Marathon Petroleum refines crude and renewable feedstocks and sells transportation fuels to wholesale customers, direct dealers and government buyers. It relies on joint ventures and its controlled midstream operator for feedstocks, storage, transportation and distribution.
MPC Updated Sep 12, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Marathon Petroleum Corporation is directly linked to 3 companies (1 supply, 1 revenue, 1 investment relationships) and reaches 11 companies within two hops; the links are backed by 11 dated sources, 4 of them primary filings (as of 2026-09-12).
Annual return · 2026-09-04'21+61%'22+86.6%'23+30.5%'24-4.1%'25+19.2%YTD+141.9%
Money in ▸Seven & I Holdings●Amount 7,700,000,000 gallons/yearU.S. Department of Defense●Contract value $134M
Marathon Petroleum Corporation$132.699 billion of sales and other operating revenues in FY2025
▸ Money outMPLX LP●Amount 23,449,000,000 gallons/yearGreen Bison Soy Processing●Amount 600,000,000 lb/yearArcher-Daniels-Midland Company◐Count 600,000,000 lb/year
Financials & Segments
- Total revenue · $132.699 billion of sales and other operating revenues in FY2025
- Segments · Refining & Marketing · Midstream · Renewable Diesel
Revenue from
- Seven & I Holdings High confidence· Amount 7,700,000,000 gallons/year · 15-year initial term from the 2021 closing · Approximate annual volume under the long-term 7-Eleven fuel supply agreement associated with Speedway
Seven & i's wholly owned subsidiary 7-Eleven entered a long-term transportation-fuel supply agreement with Marathon Petroleum alongside the Speedway acquisition. The filed agreement, company disclosure and industry analysis corroborate the relationship.Confirms EN SEC EDGAR Published Aug 3, 2020: Marathon Petroleum Exhibit 2.1 Purchase and Sale AgreementConfirms EN S&P Global Commodity Insights Published Aug 3, 2020: Marathon Petroleum sells Speedway, looks to repurpose idled refineryMentions KO Maeil Business Newspaper Published Aug 3, 2020: Japan's 7-Eleven Acquires the Third-Largest U.S. Convenience-Store ChainConfirms EN Marathon Petroleum Corporation Published Aug 2, 2020: Marathon Petroleum Corp. Announces Agreement for $21 Billion Sale of Speedway - U.S. Department of Defense High confidence· Contract value $134M · 2025-04-07 to 2026-03-31 · Maximum award value of the indefinite-delivery contract for aviation turbine fuels
The U.S. Defense Logistics Agency Energy awarded Marathon Petroleum a fixed-price, economic-price-adjustment indefinite-delivery contract for aviation turbine fuels. The ceiling may differ from realized revenue.
Pays to
- MPLX LP High confidence· Amount 23,449,000,000 gallons/year · agreements expected in effect throughout 2026 · MPC annual minimum volume commitment under the MPLX fuels distribution services agreement
MPLX provides Marathon Petroleum with crude and product transportation, terminal, storage, marine and fuels-distribution services under long-term fee-based agreements. Intersegment charges are eliminated in consolidation. - Green Bison Soy Processing High confidence· Amount 600,000,000 lb/year · annual nameplate production · Annual production capacity of refined soybean oil supplied exclusively by Green Bison to Marathon
Green Bison, a joint venture between Marathon Petroleum and Archer-Daniels-Midland, supplies all refined soybean oil from its plant to Marathon as renewable-fuel feedstock. - Archer-Daniels-Midland Company Medium confidence· Count 600,000,000 lb/year · annual nameplate capacity · Annual refined soybean oil capacity supplying Marathon Petroleum's renewable diesel operations
Marathon Petroleum receives refined soybean oil from Green Bison, a joint venture 75% owned by ADM, whose completed facility can produce up to 600 million pounds annually, although relationship-specific revenue is not disclosed.Confirms EN North Dakota Office of the Governor Published Nov 14, 2023: Miller Highlights Benefits to Ag, Energy at Ribbon Cutting for Green Bison Soybean Crush in SpiritwoodConfirms EN ADM Published Dec 14, 2021: Marathon Petroleum Corp., ADM Announce Closing of Feedstock Partnership
Investors
- BlackRock High confidence· Market share 6.8 percent · as of 2025-03-31 · BlackRock's reported beneficial ownership of Marathon Petroleum common stock
BlackRock reported itself to the SEC as a major beneficial owner of Marathon Petroleum common stock. The filing aggregates holdings across specified BlackRock business units.
Investments
- Martinez Renewables joint venture High confidence· Market share 50 percent · as of 2025-12-31 · Marathon Petroleum's ownership share in the Martinez Renewables joint venture
Marathon Petroleum co-owns the Martinez renewable diesel facility with Neste. The joint venture refines renewable feedstocks into renewable diesel.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Seven & I Holdings | lead1 | +44.4 | +11.5 | -2.5 | +28.9 | -8.5 | -4.3 |
| Marathon Petroleum Corporation | node | +61 | +86.6 | +30.5 | -4.1 | +19.2 | +141.9 |
| Archer-Daniels-Midland Company | benef1 | +37.3 | +40 | -20.4 | -27.5 | +18.2 | +50.2 |
| BlackRock | benef1 | +29.4 | -20.4 | +17.9 | +29.3 | +6.6 | +6 |
| Targa Resources Corp. | benef2 | +100.1 | +43.7 | +21 | +110.1 | +5.7 | +59.5 |
| ONEOK, Inc. | benef2 | +64.7 | +18.9 | +13.2 | +50.1 | -22.9 | +34.8 |
| Ross Stores | benef2 | -6 | +2.9 | +20.6 | +10.4 | +20.4 | +28.6 |
| Altria Group, Inc. | benef2 | +24.2 | +4.4 | -3.7 | +40.8 | +18.2 | +23.3 |
| Elevance Health, Inc. | benef2 | +46.1 | +11.8 | -6.9 | -20.7 | -3.1 | +17.4 |
| Norfolk Southern | benef2 | +27.3 | -15.6 | -1.6 | +1.6 | +25.6 | +15.6 |
| Edwards Lifesciences Corporation | benef2 | +42 | -42.4 | +2.2 | -2.9 | +15.2 | +5.5 |
| Microsoft | benef2 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
YTD as of 2026-09-04 · source: Yahoo Finance
Marathon Petroleum Corporation operates across U.S. refining and logistics. It is up +141.9% in 2026. Its demand and supply links are known, but listed-counterparty return data is limited. It relies on joint ventures and its controlled midstream operator for feedstocks, storage, transportation and distribution.
Analysis generated from returns as of 2026-09-04