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Marathon Petroleum Corporation  (MPC)
Other Ticker:  
 
 
Price: $165.8150 $1.53 0.928%
Day's High: $165.19 Week Perf: -2.39 %
Day's Low: $ 163.90 30 Day Perf: 7.37 %
Volume (M): 39 52 Wk High: $ 173.33
Volume (M$): $ 6,398 52 Wk Avg: $137.72
Open: $168.66 52 Wk Low: $104.32



 Market Capitalization (Millions $) 65,663
 Shares Outstanding (Millions) 396
 Employees 17,700
 Revenues (TTM) (Millions $) 151,937
 Net Income (TTM) (Millions $) 12,936
 Cash Flow (TTM) (Millions $) 1,073
 Capital Exp. (TTM) (Millions $) 2,084

Marathon Petroleum Corporation

Marathon Petroleum Corporation (“MPC”) was incorporated in Delaware on November 9, 2009 in connection with an internal restructuring of Marathon Oil Corporation (“Marathon Oil”). On May 25, 2011, the Marathon Oil board of directors approved the spinoff of its Refining, Marketing & Transportation Business (“RM&T Business”) into an independent, publicly traded company, MPC, through the distribution of MPC common stock to the stockholders of Marathon Oil common stock.

Marathon is engaged in refining, marketing and transportation of crude oil and petroleum products primarily through MAP; and other energy related businesses.

Refining, Marketing and Transportation

RM&T operations are primarily conducted by MAP and its subsidiaries, including its wholly owned subsidiaries, Speedway SuperAmerica LLC ('SSA') and Marathon Ashland Pipe Line LLC.

Other Energy Related Businesses

Marathon operates other businesses that market and transport its own and third-party natural gas, crude oil and products manufactured from natural gas, such as LNG and methanol, primarily in the United States, Europe and West Africa.

Competition and Market Conditions

Strong competition exists in all sectors of the oil and gas industry and, in particular, in the exploration and development of new reserves. Marathon competes with major integrated and independent oil and gas companies for the acquisition of oil and gas leases and other properties, for the equipment and labor required to develop and operate those properties and in the marketing of oil and natural gas to end-users. Many of Marathon's competitors have financial and other resources greater than those available to Marathon. As a consequence, Marathon may be at a competitive disadvantage in bidding for the rights to explore for oil and gas.



   Company Address: 539 South Main Street Findlay 45840 OH
   Company Phone Number: 422-2121   Stock Exchange / Ticker: NYSE MPC
   MPC is expected to report next financial results on February 22, 2024. Next quarterly dividend pay out on March 11, 2024.


Customers Net Income fell by MPC's Customers Net Profit Margin fell to

-21.91 %

10.33 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
COP        2.8% 
CVX        2.66% 
PBF   -11.53%    
PSX   -1.1%    
VLO   -2.91%    
XOM        3.58% 
• View Complete Report
   



Dividend

Marathon Petroleum Corp.: Rising Earnings Propel Dividend Expectations

Published Fri, Jan 26 2024 5:45 PM UTC

Marathon Petroleum Corp. Increases Dividend Payout with Rising Earnings in Q3 2023
FINDLAY, Ohio, Jan. 26, 2024 - Marathon Petroleum Corp. (NYSE: MPC) recently declared a dividend of $0.825 per share on common stock in their quarterly announcement. This favorable news has shareholders eagerly awaiting the payout on March 11, 2024. With the company's upward trajectory in ...

Marathon Petroleum Corporation

Marathon Petroleum Corporation Suffers Major Losses as Profits and Revenues Plunge in Q2 2023

Marathon Petroleum Corporation (MPC) has recently reported its financial performance for the second quarter of 2023, and the results show significant declines in profit and revenue compared to the previous year. Net profit per share plummeted by -51.42% to $5.32 per share, down from $10.95 in the same quarter of the previous year. Additionally, profits fell by -12.64% from $6.09 per share in the previous quarter.
These declines in profit and revenue are also reflected in the overall financial performance of MPC during this period. The company's revenue faded by -32.442% to $36.34 billion, a significant drop from $53.80 billion in the same quarter a year before. However, there was a sequential revenue growth of 4.242% from $34.86 billion in the previous quarter.

Marathon Petroleum Corporation

The Oil & Gas Integrated Operations company disclosed softer revenue, over the first quarter of 2023 earnings season

Marathon Petroleum Corporation (MPC) has demonstrated its resilience and ability to weather through challenging times, as seen in its financial interval ending March 31, 2023. Despite a decline in revenue, MPC has managed to raise its earnings per share (EPS) significantly, which indicates that the company is making significant headway towards profitability.
The impressive increase in EPS by 379.96% to $6.09 per share is a testament to the company's strategic approach toward cost-cutting measures and efficient management of resources. This, coupled with the increase in net profits of $3,084.000 million, which is a 179.1% increase compared to the year-ago financial interval, indicates that the company is making considerable progress in optimizing its operations and enhancing its financial performance.






 

Marathon Petroleum's Segments
 
Refining & Marketing
 Segment     of total Revenue
Speedway
 Segment     of total Revenue
Pipeline Transportation
 Segment     of total Revenue
 
• View Complete Report

Marathon Petroleum's Operating Statistics Decrease / Increase
       
Refinery Throughput (MBP/D)    Refinery Throughput (MBP/D) Growth   
Gasolines Refined Product Yields (MBP/D)    Gasolines Refined Product Yields (MBP/D) Growth   
Distillates Refined Product Yields (MBP/D)    Distillates Refined Product Yields (MBP/D) Growth   
Propane Refined Product Yields (MBP/D)   Propane Refined Product Yields (MBP/D) Decline   
Feedstocks Special Refined Product Yields (MBP/D)   Feedstocks Special Refined Product Yields (MBP/D) Decline   
Heavy Fuel Oil Refined Product Yields (MBP/D)     
Asphalt Refined Product Yields (MBP/D)    Asphalt Refined Product Yields (MBP/D) Growth   
Refined Product Sales Volumes (MBP/D)    Refined Product Sales Volumes (MBP/D) Growth   
Number of retail stations    Number of retail stations Growth   
Avg. Gasoline volume per station (thousands gallons/month)    Avg. Gasoline volume per station (thousands gallons/month) Growth   
Avg. Gasoline volume per station (gallons/day)    Avg. Gasoline volume per station (gallons/day) Growth   
Gasoline gross margin ($ per gallon)    Gasoline gross margin ($ per gallon) Growth   
Pipeline Throughput (MBP/D)    Pipeline Throughput (MBP/D) Growth   




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