Marathon Petroleum

Marathon Petroleum, founded in 1887, is an independent energy company with a long history rooted in refining and fuel marketing. Today, the company operates one of the largest networks of fuel retail outlets in the United States, with approximately 7,000 locations branded as either Marathon or ARCO as of November 2025. Its headquarters are in Findlay, Ohio, and its reach extends across the Midwest, South, and Southwest, with recent growth pushing into Mexico.

Over the past five years, Marathon Petroleum has significantly expanded its operations. The company has invested in new refining capacity and built out its logistics infrastructure, which includes pipelines, terminals, and transportation assets. These moves support both traditional fuel distribution and a growing focus on renewable fuels. Notably, Marathon has increased its presence in the Southwest and Mexico, reflecting a broader strategy to access new markets and diversify its offerings.

Marathon Petroleum’s retail footprint includes a mix of traditional fuel stations, convenience stores, and sites dedicated to renewable energy. Its scale and operational track record make it a familiar name for property owners and developers seeking a stable, well-capitalized tenant. The company’s ongoing pursuit of new retail locations and logistics assets, combined with its investments in renewable energy, signal a commitment to both established and emerging segments of the energy market. This approach has helped Marathon Petroleum remain a prominent and adaptable player in commercial real estate tied to the evolving fuel and convenience landscape.