On the Record · Marathon Petroleum
Marathon Petroleum acquisitions, on the record
The businesses Marathon Petroleum bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
AndeavorWord for word“On October 1, 2018, we acquired Andeavor.” 10-K for 2022 | acquisition | On October 1, 2018 | — |
SpeedwayWord for word“On May 14, 2021, we completed the sale of Speedway, our company-owned and operated retail transportation fuel and convenience store business, to 7-Eleven, Inc.” 10-K for 2022 | divestiture | On May 14, 2021 | — |
Crowley Coastal Partner’s interest in Crowley Ocean Partners LLC and its four subsidiariesWord for word“• Cash used for acquisitions was $413 million in 2022 primarily due to the purchase of Crowley Coastal Partner’s interest in Crowley Ocean Partners LLC and its four subsidiaries for approximately $485 million, which included $196 million to pay off the debt associated with the four tankers.” 10-K for 2022 | acquisition | 2022 | approximately $485 million |
MarkWest Torñado GP, L.L.C.Word for word“On December 15, 2023, MPLX used $303 million of cash on hand to purchase the remaining 40 percent interest in MarkWest Torñado GP, L.L.C. (“Torñado”) for approximately $270 million, including cash paid for working capital, and to extend the term of a gathering and processing agreement for approximately $33 million.” 10-K for 2023 | acquisition | December 15, 2023 | approximately $270 million |
additional ownership interest in existing joint ventures and gathering assets in the Utica basin (including Ohio Gathering Company, L.L.C.)Word for word“On March 22, 2024, MPLX used $625 million of cash to purchase additional ownership interest in existing joint ventures and gathering assets, which will enhance MPLX’s position in the Utica basin.” 10-K for 2024 | acquisition | On March 22, 2024 | $625 million |
Rockies gathering and processing assetsWord for word“On November 12, 2025, MPLX completed the sale of its Rockies gathering and processing assets (the “Rockies”) to a subsidiary of Harvest Midstream (“Harvest”) for $980 million in cash.” 10-K for 2025 | divestiture | November 12, 2025 | $980 million in cash |
Northwind Delaware Holdings LLCWord for word“On August 29, 2025, MPLX completed the acquisition of 100 percent of Northwind Midstream for $2.4 billion in cash.” 10-K for 2025 | acquisition | August 29, 2025 | $2.4 billion in cash |
BANGL, LLCWord for word“On July 1, 2025, MPLX purchased the remaining 55 percent interest in BANGL, LLC (“BANGL”) for $703 million cash, plus an earnout provision of up to $275 million based on targeted EBITDA growth from 2026 to 2029.” 10-K for 2025 | acquisition | July 1, 2025 | $703 million cash |
Whiptail Midstream, LLC gathering businessesWord for word“On March 11, 2025, MPLX acquired gathering businesses from Whiptail Midstream, LLC for $235 million in cash (the “Whiptail Midstream Acquisition”).” 10-K for 2025 | acquisition | March 11, 2025 | $235 million in cash |
The Andersons Marathon Holdings LLCWord for word“On July 31, 2025, MPC sold its 49.9 percent interest in The Andersons Marathon Holdings LLC (“TAMH”) to The Andersons Ethanol LLC (the “Ethanol Joint Venture Sale”) in exchange for cash proceeds of $427 million.” 10-K for 2025 | divestiture | July 31, 2025 | $427 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $249 million | — |
| 2018-12-31 | $3.82 billion | $16.6 billion |
| 2019-12-31 | $129 million | $38 million |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $0 | — |
| 2022-12-31 | $413 million | — |
| 2023-12-31 | $246 million | — |
| 2024-12-31 | $688 million | — |
| 2025-12-31 | $3.32 billion | $1.11 billion |
Deal filings since 2016
- 2026-04-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-07-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Marathon Petroleum’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.