COVID Stimulus Watch Individual Entry

Recipient Company:

Marathon Petroleum Corp

Loan or Loan Guarantee Amount:

$2,714,750

Recipient Details

Ownership Structure: publicly traded (ticker symbol MPC)

Award Date: Jun 28, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Marathon Petroleum

Headquartered in: Ohio

Parent Sector: oil and gas

Parent Industry: oil & gas

Employees (prior to pandemic): 60,910

Employment-related Penalties: $43,363,897

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $864,882,978

Consumer Protection / Financial / Competition-related Penalties: $42,511,655

Ratio of CEO Pay to that of Median Worker: 877 to 1

CEO Compensation: $24,129,164

Worker Median Pay: $27,507

Total Federal, State, and Local Subsidies: $237,279,452

Federal Corporate Income Tax Rate: 15.7%