Marathon Petroleum Corp

Common Name
Marathon Petroleum
Country
United States
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Employees
18,300
Ticker
MPC
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Marathon Petroleum Corporation is a leading integrated downstream energy company headquartered in Findlay, Ohio. The company operates across three principal segments: Refining & Marketing, Midstream, ...

Marathon Petroleum's GHG Emissions Data Preview

In 2023, Marathon Petroleum completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Marathon Petroleum has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Marathon Petroleum's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Marathon Petroleum amounted to 39,800,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Marathon Petroleum decreased by 1.49%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Marathon Petroleum's Scope 1 Emissions Over Time

20182019202020212022202309.5 M19 M28.5 M38 MtCO2e-1%-12%+2%+2%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Marathon Petroleum's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Marathon Petroleum were 33,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Marathon Petroleum reduced its Scope 1 emissions over time?

Since 2018, Marathon Petroleum's Scope 1 emissions have decreased by 10.81%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Marathon Petroleum's Scope 1 emissions decreased by 2.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Marathon Petroleum's Scope 2 emissions?

In 2023, Marathon Petroleum reported Scope 2 greenhouse gas (GHG) emissions of 6,800,000 tCOâ‚‚e using the location-based method.

Has Marathon Petroleum reduced its Scope 2 emissions over time?

Since 2018, Marathon Petroleum's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 17.07%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Marathon Petroleum's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Marathon Petroleum 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Marathon Petroleum use for Scope 2 reporting?

In 2023, Marathon Petroleum reported its Scope 2 emissions using the location-based method.

Marathon Petroleum's Scope 2 Emissions Over Time

20182019202020212022202302.5 M5 M7.5 M10 MtCO2e
  • Total Scope 2 Location-Based

Insights into Marathon Petroleum's Value Chain Emissions

In 2023, Marathon Petroleum reported 400,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Marathon Petroleum includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Marathon Petroleum's Scope 3 Emissions Over Time

201920202021202220230150 M300 M450 M600 MtCO2e-17%+8%+7%-1%
  • Total Scope 3
  • Year-over-Year Change

What are Marathon Petroleum's Scope 3 emissions?

In 2023, Marathon Petroleum reported total Scope 3 emissions of 400,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Marathon Petroleum's Scope 3 emissions remained relatively stable, indicating that Marathon Petroleum 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Marathon Petroleum disclose?

In 2023, Marathon Petroleum reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Marathon Petroleum's Scope 3 emissions?

In 2023, the largest contributors to Marathon Petroleum's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 400,000,000 tCOâ‚‚e (100%)

Marathon Petroleum's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(100.0%)

Insights into Marathon Petroleum's Total Carbon Footprint

In 2023, Marathon Petroleum reported a total carbon footprint of 439,800,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.04% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Marathon Petroleum's total carbon footprint was Scope 3 emissions, accounting for 90.95% of the company's total carbon footprint, followed by Scope 1 emissions at 7.5%.

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