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Marathon Petroleum Corporation  (MPC)
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Marathon Petroleum's

Competitiveness


 

MPC Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Marathon Petroleum reported Revenue decrease in the 4 quarter 2023 year on year by -8.94 %, slower than the combined decrease of the MPC's competitors by -14.97 %, recorded in the same quarter.

List of MPC Competitors

With a net margin of 5.18 % Marathon Petroleum achieved higher profitability than its competitors.

More on MPC Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Marathon Petroleum CorporationNet Income in the 4 quarter 2023 fell year on year by -48.45%, slower than its competitors' income growth of 23.27 %

<<  MPC Stock Performance Comparisons


Marathon Petroleum's Comment on Competitors and Industry Peers


The downstream petroleum business is highly competitive, particularly with regard to accessing crude oil and other feedstock supply and the marketing of refined products. We compete with a large number of other companies to acquire crude oil for refinery processing and in the distribution and marketing of a full array of petroleum products. We compete in four distinct markets for the sale of refined products—wholesale, spot, branded and retail distribution. We believe we compete with about 60 companies in the sale of refined products to wholesale marketing customers, including private-brand marketers and large commercial and industrial consumers; about 90 companies in the sale of refined products in the spot market; 11 refiners or marketers in the supply of refined products to refiner-branded independent entrepreneurs; and approximately 260 retailers in the retail sale of refined products. In addition, we compete with producers and marketers in other industries that supply alternative forms of energy and fuels to satisfy the requirements of our industrial, commercial and individual consumers. We do not produce any of the crude oil we refine.

We also face strong competition for sales of retail gasoline, diesel fuel and merchandise. Our competitors include service stations and convenience stores operated by fully integrated major oil companies and their independent entrepreneurs and other well-recognized national or regional convenience stores and travel centers, often selling gasoline, diesel fuel and merchandise at competitive prices. Non-traditional retailers, such as supermarkets, club stores and mass merchants, have affected the convenience store industry with their entrance into the retail transportation fuel business. Energy Analysts International, Inc. estimated such retailers had approximately 13 percent of the U.S. gasoline market in mid-2013.
Our pipeline transportation operations are highly regulated, which affects the rates that our common carrier pipelines can charge for transportation services and the return we obtain from such pipelines.

Market conditions in the oil and gas industry are cyclical and subject to global economic and political events and new and changing governmental regulations. Our operating results are affected by price changes in crude oil, natural gas and refined products, as well as changes in competitive conditions in the markets we serve. Price differentials between sweet and sour crude oils, West Texas Intermediate and Light Louisiana Sweet crude oils and other market structure differentials also affect our operating results.





  

Overall company Market Share Q4 2023

despite revenue deterioration, Marathon Petroleum increased its market share in this segment.

company increased its market share in this segment to approximately 6.79 %.


<<  More on MPC Market Share.
 
*Market share is calculated based on total revenue.





Who are Marathon Petroleum Corporation's Competitors?




Lyondellbasell Industries N v
Share Performance



+2.44%
30 Days



Lyondellbasell Industries N v
Profile

LyondellBasell Industries N.V. operates as a multinational chemical company, specializing in the production of polymers, chemicals, refining, and compounds. Its business model involves leveraging its global scale, market expertise, and industry-leading technology to deliver advanced materials, solutions, and sustainable practices that cater to the needs of various industries worldwide.

More about Lyondellbasell Industries N v 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 32,783.568 mill. $ 39,063.000 mill. $ 1,902.000 mill.


Conocophillips
Share Performance



+2.27%
This Year



Conocophillips
Profile

ConocoPhillips operates as an integrated energy company, engaging in the exploration, production, refining, and marketing of oil and gas. Its business model revolves around investing in high-quality assets, optimizing operations, and delivering sustainable returns to shareholders through effective management of the entire value chain in the oil and gas industry.

More about Conocophillips's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 145,440.267 mill. $ 56,141.000 mill. $ 10,957.000 mill.


Devon Energy Corp
Share Performance



+1.00%
One Year



Devon Energy Corp
Profile

Devon Energy Corp operates as an independent exploration and production company, primarily focused on the acquisition, exploration, and development of oil and natural gas reserves. Their business model revolves around discovering and extracting energy resources from various locations and monetizing these reserves through production and sales.

More about Devon Energy Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 30,420.915 mill. $ 15,412.000 mill. $ 3,825.000 mill.


Empire Petroleum Corporation
Share Performance



-46.69%
This Year



Empire Petroleum Corporation
Profile

Empire Petroleum Corporation operates as an independent fuel distributor and convenience store retailer. They focus on acquiring, leasing, and expanding fuel stations across various regions in the United States. Their business model revolves around providing high-quality petroleum products to customers and generating revenue through fuel sales, retail merchandise, and food service offerings at their convenience stores.

More about Empire Petroleum Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 126.138 mill. $ 37.417 mill. $ -9.962 mill.


Exxon Mobil Corporation
Share Performance



+3.67%
Over The Past 5 Days



Exxon Mobil Corporation
Profile

Exxon Mobil Corporation operates as a multinational oil and gas corporation, engaging in the exploration, production, refining, and marketing of petroleum products worldwide. The company strives to maintain a strong presence across the entire value chain of the industry, from upstream exploration and production activities to downstream refining and marketing operations.

More about Exxon Mobil Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 454,884.477 mill. $ 344,582.000 mill. $ 37,354.000 mill.


Marathon Oil Corporation
Share Performance



+22.31%
One Year



Marathon Oil Corporation
Profile

Marathon Oil Corporation operates as an independent exploration and production company, focusing on finding and producing crude oil and natural gas resources. Their business model involves acquiring and developing oil and gas assets globally, with an emphasis on sustainable operations and long-term value creation.

More about Marathon Oil Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16,140.961 mill. $ 6,697.000 mill. $ 1,554.000 mill.


Murphy Oil Corporation
Share Performance



+2.01%
This Year



Murphy Oil Corporation
Profile

Murphy Oil Corporation's business model revolves around exploration, production, refining, and marketing of oil and gas products.

More about Murphy Oil Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,838.200 mill. $ 3,460.147 mill. $ 723.681 mill.


Sunoco Lp
Share Performance



+7.20%
This Year



Sunoco Lp
Profile

Sunoco LP operates as a master limited partnership primarily engaged in the wholesale distribution and retail sale of motor fuels, as well as the operation of convenience stores. The company generates revenue through fuel sales to independent dealers, commission income from franchisees, and merchandise sales at their retail locations.

More about Sunoco Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,496.741 mill. $ 23,068.000 mill. $ 824.000 mill.


Valero Energy Corp
Share Performance



+10.32%
Over The Past 5 Days



Valero Energy Corp
Profile

Valero Energy Corp operates as an international manufacturer and marketer of transportation fuels, petrochemical products, and power. The company primarily refines crude oil into gasoline, diesel, jet fuel, asphalt, and other products. It also owns and operates ethanol plants, as well as provides logistic services through its terminals, pipelines, and marine vessels.

More about Valero Energy Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 58,955.544 mill. $ 144,766.000 mill. $ 9,149.000 mill.


Southwestern Energy Company
Share Performance



-0.14%
Over The Past 5 Days



Southwestern Energy Company
Profile

Southwestern Energy Company is an oil and natural gas exploration and production company that focuses on acquiring and developing unconventional resources. Their business model centers around efficiently and sustainably extracting these resources through advanced drilling and completion techniques.

More about Southwestern Energy Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,773.957 mill. $ 6,522.000 mill. $ 1,557.000 mill.


Oneok Inc
Share Performance



+9.53%
This Year



Oneok Inc
Profile

Oneok Inc operates as a midstream service provider in the energy sector. It gathers, processes, stores, and transports natural gas and natural gas liquids. The company generates revenues through the fees it charges for the services it provides in the midstream value chain.

More about Oneok Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 37,730.989 mill. $ 17,677.000 mill. $ 2,659.000 mill.


Chevron Corp
Share Performance



+0.62%
30 Days



Chevron Corp
Profile

Chevron Corp operates as an integrated energy company, engaging in exploration, production, refining, distribution, and marketing of fuels and other energy products. Their business model focuses on efficiently extracting oil and gas reserves, refining them into various petroleum products, and subsequently distributing and selling these products to consumers worldwide.

More about Chevron Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 292,337.702 mill. $ 200,949.000 mill. $ 21,411.000 mill.


Phillips 66
Share Performance



+64.06%
One Year



Phillips 66
Profile

Phillips 66 operates as an energy manufacturing and logistics company, focusing on refining, marketing, and transporting petroleum products. Their business model revolves around a vertically integrated approach, encompassing various stages of the energy value chain. They strive to optimize operational efficiency while delivering high-quality products to customers worldwide, ensuring sustainable growth and value creation.

More about Phillips 66's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 71,038.204 mill. $ 147,399.000 mill. $ 7,239.000 mill.


Green Plains Partners Lp
Share Performance



-1.44%
Over The Past 5 Days



Green Plains Partners Lp
Profile

Green Plains Partners Lp's business model involves providing storage and transportation services for ethanol and other fuel products.

More about Green Plains Partners Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 286.158 mill. $ 82.390 mill. $ 38.282 mill.


Pdc Energy Inc
Share Performance



+0.56%
Over The Past 5 Days



Pdc Energy Inc
Profile

PDC Energy Inc is an oil and gas exploration and production company that operates onshore in the United States. Their business model focuses on acquiring, developing, and producing oil and natural gas reserves primarily in the Colorado and Permian Basin regions. They aim to deliver sustainable shareholder value by employing advanced drilling technologies and operational efficiencies to maximize production and minimize costs.

More about Pdc Energy Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,524.397 mill. $ 4,220.270 mill. $ 1,850.544 mill.


Riley Exploration Permian Inc
Share Performance



+5.59%
Over The Past 5 Days



Riley Exploration Permian Inc
Profile

Riley Exploration Permian Inc operates as an exploration and production company focused on the Permian Basin. They seek to discover, develop, and produce oil and gas resources in this region.

More about Riley Exploration Permian Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 581.953 mill. $ 375.047 mill. $ 111.591 mill.


Adams Resources and Energy Inc
Share Performance



-41.75%
One Year



Adams Resources and Energy Inc
Profile

Adams Resources and Energy Inc operates as an independent oil and gas company that engages in exploration, production, and marketing of crude oil, natural gas, and petroleum products. The company primarily focuses on acquiring and developing reserves, while also providing energy-related products and services to customers in the United States. Adams Resources and Energy Inc employs a vertically integrated business model, involving various stages of the energy value chain, in order to deliver a comprehensive range of products and expertise to meet the energy needs of its customers.

More about Adams Resources and Energy Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 63.600 mill. $ 2,745.293 mill. $ 0.212 mill.


Antero Midstream Corporation
Share Performance



-2.34%
Over The Past 5 Days



Antero Midstream Corporation
Profile

Antero Midstream Corporation operates on a business model that focuses on the development and operation of midstream assets in the natural gas and oil industry. The company primarily engages in gathering, processing, and transporting natural gas and oil for its customers. By providing crucial infrastructure and services, Antero Midstream Corporation helps facilitate the efficient production and delivery of energy resources to the market.

More about Antero Midstream Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,450.729 mill. $ 1,054.417 mill. $ 375.184 mill.


Blue Dolphin Energy Company
Share Performance



+184.38%
One Year



Blue Dolphin Energy Company
Profile

Blue Dolphin Energy Company is a natural gas energy company that operates, acquires, and develops assets for the production and transportation of natural gas, primarily in the Gulf of Mexico. The company focuses on maximizing its resources and infrastructure to efficiently extract and deliver natural gas to the market while achieving profitable growth.

More about Blue Dolphin Energy Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 67.895 mill. $ 400.523 mill. $ 31.813 mill.


Genesis Energy Lp
Share Performance



-7.17%
Over The Past 5 Days



Genesis Energy Lp
Profile

Genesis Energy Lp's business model is centered around operating and expanding midstream energy infrastructure assets, including pipelines, storage facilities, and transportation services.

More about Genesis Energy Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,287.171 mill. $ 3,176.996 mill. $ 146.347 mill.


Gaming And Leisure Properties inc
Share Performance



+0.07%
30 Days



Gaming And Leisure Properties inc
Profile

Gaming and Leisure Properties Inc's business model revolves around leasing real estate properties to gaming operators across the United States. The company primarily focuses on acquiring, developing, and leasing properties that are used for casino and entertainment purposes. As a real estate investment trust (REIT), Gaming and Leisure Properties Inc generates revenue by receiving rental income from its tenants.

More about Gaming And Leisure Properties inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 11,965.897 mill. $ 1,440.392 mill. $ 755.370 mill.


Cvr Energy inc
Share Performance



+9.15%
Over The Past 5 Days



Cvr Energy inc
Profile

CVR Energy Inc's business model involves owning and operating petroleum refining and nitrogen fertilizer manufacturing assets.

More about Cvr Energy inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,608.771 mill. $ 9,247.000 mill. $ 878.000 mill.


Delek Us Holdings Inc
Share Performance



+32.64%
One Year



Delek Us Holdings Inc
Profile

Delek US Holdings Inc operates as a diversified energy company, with a business model primarily focused on petroleum refining and logistics. They own and operate refineries that produce various refined petroleum products, including gasoline, diesel fuel, and asphalt. Additionally, they provide logistics services through their pipelines and storage terminals, ensuring efficient transportation and storage of crude oil and refined petroleum products.

More about Delek Us Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,947.000 mill. $ 16,917.400 mill. $ 46.700 mill.


Icahn Enterprises l p
Share Performance



+0.29%
Over The Past 5 Days



Icahn Enterprises l p
Profile

Icahn Enterprises L.P. is a diversified investment management firm with a business model focused on strategic investments, actively managing a portfolio of assets in various industries. Through an activist approach, the company typically seeks to acquire significant stakes in undervalued companies, working to unlock and enhance their value. With a strong emphasis on operational improvements and long-term growth, Icahn Enterprises aims to generate attractive returns for its shareholders.

More about Icahn Enterprises l p 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,688.514 mill. $ 15,395.000 mill. $ 390.000 mill.


Imperial Oil Limited
Share Performance



+14.40%
30 Days



Imperial Oil Limited
Profile

Imperial Oil Limited operates as an integrated oil company engaged in the exploration, production, refining, and marketing of petroleum products and petrochemicals in Canada. They focus on maximizing the value of their assets through strategic investments, efficient operations, and a customer-centric approach.

More about Imperial Oil Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 38,801.039 mill. $ 39,042.254 mill. $ 3,744.974 mill.


Pbf Energy Inc
Share Performance



+27.59%
This Year



Pbf Energy Inc
Profile

Pbf Energy Inc operates as an independent petroleum refiner and supplier, specializing in producing a variety of refined petroleum products. Their business model revolves around acquiring, operating, and improving complex refineries to efficiently process crude oil into various high-value products for distribution and sale in the United States and internationally.

More about Pbf Energy Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,340.153 mill. $ 38,324.800 mill. $ 2,162.000 mill.


Bp Plc
Share Performance



+4.84%
30 Days



Bp Plc
Profile

BP plc is a multinational energy company that operates in the oil and gas industry. The company's business model focuses on exploration, production, refining, distribution, and marketing of petroleum products. It aims to provide energy solutions to consumers worldwide while maintaining a sustainable and efficient approach.

More about Bp Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 665,474.793 mill. $ 213,032.000 mill. $ 15,880.000 mill.


Chesapeake Energy Corporation
Share Performance



0.00%
Over The Past 5 Days



Chesapeake Energy Corporation
Profile

Chesapeake Energy Corporation's business model revolves around the exploration, development, and production of natural gas and oil.

More about Chesapeake Energy Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,001.922 mill. $ 8,721.000 mill. $ 2,419.000 mill.


Murphy Usa Inc
Share Performance



+5.24%
30 Days



Murphy Usa Inc
Profile

Murphy USA Inc operates a chain of retail stores that primarily sell motor fuel and convenience merchandise. They focus on providing low-cost fuel prices to attract customers and generate revenue through the sale of convenience items within their stores.

More about Murphy Usa Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9,026.975 mill. $ 21,529.400 mill. $ 556.800 mill.


Crossamerica Partners Lp
Share Performance



+9.41%
One Year



Crossamerica Partners Lp
Profile

Crossamerica Partners LP operates as a wholesale distributor of motor fuel and owns and leases convenience stores. The company sources fuel from various suppliers and sells it to independently operated dealer stations under long-term supply contracts. Additionally, Crossamerica Partners LP provides various services to its dealers, such as marketing support, maintenance, and capital investments.

More about Crossamerica Partners Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 855.845 mill. $ 661.286 mill. $ 47.986 mill.


Sprague Resources Lp
Share Performance



+3.73%
This Quarter



Sprague Resources Lp
Profile

Sprague Resources LP operates as a supplier and distributor of energy products, including gasoline, diesel fuel, heating oil, natural gas, and specialty products. The company focuses on serving various customers, such as industrial, commercial, and residential sectors, by offering a wide range of energy solutions.

More about Sprague Resources Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 524.732 mill. $ 4,895.979 mill. $ -99.444 mill.


Kinder Morgan Inc
Share Performance



-1.07%
This Year



Kinder Morgan Inc
Profile

Kinder Morgan Inc is an energy infrastructure company that operates as a midstream and downstream company, focusing on the transportation, storage, and distribution of energy products. The company primarily works in the natural gas, crude oil, and refined petroleum products sectors. Kinder Morgan's business model involves owning and operating pipelines, terminals, and storage facilities, generating revenue through the transportation and storage fees it charges to energy companies.

More about Kinder Morgan Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 39,789.849 mill. $ 15,334.000 mill. $ 2,486.000 mill.



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