Investor Presentaiton
Simplified Organizational Structure
Current¹
Marathon Petroleum Corporation
(NYSE:MPC)
Non-economic 100% GP interest
36.5% of
Common
Units
Outstanding
MPLX
GP LLC
Non-economic 100% GP interest
Tesoro
Logistics
GP, LLC
36.4% of
Common
Units
Outstanding
Pro Forma1
M
MARATHON
Marathon Petroleum Corporation
(NYSE:MPC)
Non-economic 100% GP interest
MPLX
GP LLC
63.0% of
Common
Units
Outstanding
Public
MPLX
Holders
MPLX
LP
(NYSE:MPLX)
63.5% of
Common
Units
Outstanding
63.6% of
Common
Units
Outstanding
Andeavor
Logistics LP
(NYSE:ANDX)
MPLX
Public
Public
MPLX
Holders
ANDX
Holders
LP
(NYSE:MPLX)
1 Simplified structure charts do not portray all operating subsidiaries or 30 million of MPLX preferred units and 0.6 million of ANDX preferred units; as of announcement
37.0% of
Common
Units
Outstanding
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