Marathon Petroleum
Corporate Bias Rating
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Risk Level:
Summary:
Marathon Petroleum is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Marathon Petroleum embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.
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CEO of Marathon Petroleum
Michael J. Hennigan
Summary:
Headquartered in Findlay, Ohio, Marathon Petroleum is a member of the Fortune 250 operating in the Energy industry. Michael J. Hennigan and John P. Surma serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $229,822 to Republican causes and $756,366 to Democratic causes. Under their tenure, Marathon Petroleum currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$229,822
$756,366
Republican
Democrat
China Risk Database
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Average Annual Revenue
Global
$111,106,000,000
China Revenue
0.00%
$0
Annual Average of Total Assets
Global
$89,334,000,000
China Assets
0.00%
$0
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 4/26/23 | Governance | John Chevedden | Seeking a Simple Majority Vote | Against | 51.50% |
| 4/26/23 | Governance | United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union | Amendment to Existing Clawback Provisions | Against | 44.90% |
| 4/26/23 | Environmental | State of New Jersey Common Pension Fund | Audited Report in Asset Retirement Obligations | Against | 22.60% |
| 4/26/23 | Environmental | The International Brotherhood of Teamsters General Fund | Report on Just Transistion | Against | 16.00% |
| 4/27/22 | Governance | United Steelworkers | Amend Executive Comp. Clawback Policy | Against | 45.80% |
| 4/27/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 40.62% |
| 4/27/22 | Environmental | Int'l Brotherhood of Teamsters | Report on Climate Strategy Consistent with ILO's "Just Transition Guidlines" | Against | 15.97% |