Marathon Petroleum Corporation · NYSE:MPC
Marathon Petroleum — Investor Presentation (October 2019)
15 slides from Marathon Petroleum's investor presentation, October 2019
Slide 1: Louisiana Asset Tour Presentation
Louisiana Asset Tour Presentation October 2019
Slide 2: Forward-Looking Statements and Additional Information
Forward‐Looking Statements and Additional Information Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding Marathon Petroleum Corporation (MPC) and MPLX LP (MPLX). These forward-looking statements relate to, among ot
Slide 3: MPC Refining Footprint and Regions
MPC Refining Footprint and Regions Refining Locations Refinery MBPD Anacortes, WA 119 West Coast Anacortes Mandan Kenai, AK 68 Los Angeles, CA 363 Dickinson St. Paul Park Martinez, CA 161 Detroit Total 711 Canton, OH 93 Salt Lake City Canton Robinson Catlettsburg, KY 277 Detroit, MI 140 Catlettsburg
Slide 4: Gulf Coast Market Drivers
Gulf Coast Market Drivers Capacity and Flexibility ▪ Largest U.S. long/spot market with distribution to Company Refinery Capacity (MBPD) NCI Eastern U.S. and foreign markets MPC MPC Garyville Galveston Bay 564 585 11.4 11.7 PSX Alliance (Belle Chasse) 250 11.9 ▪ MPC advantaged on Gulf Coast PSX PSX
Slide 5: Gulf Coast Market Dynamics – PADD 3
Gulf Coast Market Dynamics – PADD 3 ▪ Largest producer of crude oil – Produces nearly 65% of U.S. crude oil Mandan – Accounts for over 90% of U.S. crude exports Dickinson ▪ Net importer of crude oil St. Paul Detroit Park Canton – Reduction of foreign imports in 2018 - 2019 Chicago Pittsburgh – Weste
Slide 6: MPC Gulf Coast Supply Logistics
MPC Gulf Coast Supply Logistics ETCOP Barge from Wood River Permian Seaway Bayou Bridge St. James Marketlink Garyville Zydeco Houma Nederland Clovelly Houston Gulf of Mexico Production GBR LOOP Eagle Ford Imports Corpus Christi MPL Operated MPL Joint Interest 3rd Party Marine 6
Slide 7: PADD 3 Supply and Demand Balance
PADD 3 Supply and Demand Balance PADD 3 Gasoline Inventories 95 Net To PADD 2 600 90 85 MMB 80 75 Net To PADD 1 3,010 70 Net To PADD 5 150 J F M A M J J A S O N D Demand 2,300 PADD 3 Distillate Inventories 55 Production 8,230 50 45 MMB 40 35 30 J F M A M J J A S O N D Net Export 2,140 5-year Average
Slide 8: Basic Refinery Operations
Basic Refinery Operations Intermediates Finished Products <90 oF Propane, Butane Light Ends Recovery & • Refinery Fuel Gas • Propane and lighter Treatment • NGLs 90-220 oF Light Virgin Naphtha Isomerization / • Gasoline (low octane) Blending Crude • Gasoline 220-315 oF Heavy Virgin Reformer / • Jet
Slide 9: Basic Refinery Operations
Basic Refinery Operations Process Purpose Units Use heat to vaporize and separate hydrocarbon compound via • Crude Separation fractionator • Vacuum • Fluid Catalytic Cracking Converts large hydrocarbon molecules (gas oil and resid) to Cracking • Coker smaller molecules (gasoline, jet, and diesel) •
Slide 10: Crude Oil Characteristics and Yields
Crude Oil Characteristics and Yields Types Light Sweet Medium Sour Heavy Sour (e.g. WTI, LLS, Brent) (e.g. Mars, WTS, Basrah) (e.g. Maya, Cold Lake, WCS) Refinery Production Characteristics Refinery > 34 API Gravity 24 – 34 API Gravity < 24 API Gravity 4% Gases < 0.5% Sulfur > 0.7% Sulfur > 0.7% Sul
Slide 11: Garyville Refinery and Mt. Airy Terminal
Garyville Refinery and Mt. Airy Terminal Garyville Refinery Mt. Airy Terminal 11
Slide 12: Garyville Refinery Overview
Garyville Refinery Overview ▪ Crude oil capacity: 564,000 barrels per calendar day ▪ Largest refinery in Louisiana ▪ Primary crude oils: WTI, GOM, Canadian, Mars ▪ Significant feedstock purchases: natural gasoline, naphtha, gas oil, sour distillate ▪ Primary products produced: gasoline, diesel, asph
Slide 13: Mt. Airy Terminal Overview
Mt. Airy Terminal Overview ▪ Product distribution terminal adjacent to the Garyville Refinery ▪ 35 product tanks ▪ Three-berth dock handling both barges and oceangoing vessels ▪ Two-bay ethanol truck loading rack 13
Slide 14: Track Record of Operational Excellence
Track Record of Operational Excellence U.S. OSHA Voluntary Protection Program U.S. EPA Energy Star Awards 23 MPC facilities 9 Nested contractors MPC has earned 74% MPC named U.S. EPA Energy STAR Partner of the Year in 2018 & 2019 of EPA’s Energy Star earned OSHA’s earned OSHA’s recognitions awarded
Slide 15: MARATHON
MARATHON ®
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