Marathon Petroleum
Corporate Bias Rating
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Risk Level:
Summary:
Marathon Petroleum has not publicly terminated business relationships based on views or beliefs. Marathon Petroleum scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Marathon increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Marathon forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company does not provide viewpoint protections for its employees. The company discriminates against some religious organizations in its charitable giving and is a corporate partner of the National LGBT Chamber of Commerce. Its former CEO signed the Business Roundtable's 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism. However, Marathon Petroleum has not used its political contributions for ideological purposes. For these reasons, Marathon Petroleum receives a High Risk rating.
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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
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% |