Investor Presentaiton

MMBPD Global Refining Capacity Relatively Balanced M MARATHON Net worldwide refining capacity growth appears relatively balanced with new capacity in Asia and the Middle East, primarily to support domestic demand. Global Crude Distillation Capacity 2.5 and Demand Growth 2.0 1.5 1.0 0.5 0.0 2013 2014 2015 2016 2017 2018 2019E 2020E 2021E Sources: MPC, EIA Net Global Crude Distillation Capacity Growth Oil Demand Growth (ex. Biofuels) Refinery Utilization % US Refinery Utilization 100% 95% 90% 85% 80% J F M A M J J A S O N D 15-year range (14-18) 2018 5-year average (14-18) 2019 13 333

View entire presentation