FINDLAY, Ohio, Aug. 23, 2016 - Marathon Petroleum Corporation (NYSE: MPC) today announced that it will donate $250,000 to aid in flood recovery efforts in Louisiana. The Red Cross will receive $100,000; United Way will receive $50,000; and various local organizations with critical needs will receive the remaining $100,000.
"With reports of 110,000 homes damaged and over 30,000 people being rescued or displaced, recovery will take time," said MPC Chairman, President and Chief Executive Officer Gary R. Heminger. "We are proud to be able to support agencies and organizations that will get the help to where it is needed the most."
MPC's 539,000 barrel-per-day refinery in Garyville, Louisiana, is the third-largest refinery in the nation. At least 10 percent of its employees were also impacted by the devastating floods. "In addition to our corporate donations, we will continue to provide assistance to our employees whose lives have been affected by the flooding," added Heminger.
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About Marathon Petroleum Corporation
MPC is the nation's third-largest refiner, with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system. Marathon brand gasoline is sold through approximately 5,400 independently owned retail outlets across 19 states. In addition, Speedway LLC, an MPC subsidiary, owns and operates the nation's second-largest convenience store chain, with approximately 2,770 convenience stores in 22 states. MPC owns, leases or has ownership interests in approximately 8,400 miles of crude and light product pipelines and 5,000 miles of gas gathering and natural gas liquids (NGL) pipelines. MPC also has ownership interests in 54 gas processing plants, 13 NGL fractionation facilities and two condensate stabilization facilities. Through subsidiaries, MPC owns the general partner of MPLX LP, a midstream master limited partnership. MPC's fully integrated system provides operational flexibility to move crude oil, NGLs, feedstocks and petroleum-related products efficiently through the company's distribution network and midstream service businesses in the Midwest, Northeast, East Coast, Southeast and Gulf Coast regions.
Media Contacts:
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Source: Marathon Petroleum Corporation via Globenewswire
