- Oil & Gas Refining & Marketing
- Energy
-
20.58
EPS
-
8.53
P/E
-
58.7B
MARKET CAP
-
1.84%
DIV YIELD
Company Overview
539 SOUTH MAIN STREET,FINDLAY OH 45840-3229,419-421-2159
CEO
Ms. Maryann T. Mannen
Employess
18200
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Website
https://www.marathonpetroleum.com
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
Next Earnings Date
Oct. 29, 2024
Ex Dividends date
Sep. 10, 2024
Dividend Date
Aug. 21, 2024
YTD Performance
15.14%
Fiscal Year End
12-31
IPO Date
2011-06-24
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 4.68% | 11.46% | 28.54% | -16.71% |
EPS | 21.64% | 42.31% | 50.33% | -16.16% |
Equity | 7.97% | -7.05% | 3.21% | -11.95% |
Cash | 9.03% | 26.40% | 114.05% | -36.89% |
Return On Capital (ROIC) | 10.45% | 11.08% | 18.35% | 20.93% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 2,410 | 1,430 | 1,010 | 3,350 | 1,320 |
Long Term Debt | 24,900 | 26,500 | 25,900 | 29,700 | 30,000 |
LT Finance Leases | 1,160 | 1,210 | 1,360 | 1,510 | 2,480 |
Shares Outstanding | 407 | 512 | 634 | 649 | 659 |
Market Cap | 60,400 | 59,600 | 40,600 | 26,800 | 39,700 |
Price
News
Marathon (MPC) Overcomes Lower Margins, Tops Q2 Earnings
1 monthIn Q2, Marathon Petroleum (MPC) spent $569 million on capital programs (53% on Refining & Marketing and 42% on the Midstream segment) compared to $562 million in the year-ago period.
zacks.comMarathon Petroleum Corporation (MPC) Q2 2024 Earnings Call Transcript
1 monthMarathon Petroleum Corporation (NYSE:MPC ) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer Timothy Aydt - EVP, MPLX GP LLC David Heppner - Chief Strategy Officer & SVP, Business Development Conference Call Participants Manav Gupta - UBS Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Carlos Escalante - Wolfe Research Matthew Blair - TPH Theresa Chen - Barclays Operator Welcome to the MPC Second Quarter 2024 Earnings Call. My name is Sheila, and I will be your operator for today's call.
seekingalpha.comMarathon Petroleum (MPC) Tops Q2 Earnings and Revenue Estimates
1 monthMarathon Petroleum (MPC) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $5.32 per share a year ago.
zacks.comMPLX LP Reports Second-Quarter 2024 Financial Results
1 monthFINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billion Adjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billion Returned $949 million of capital to unitholders Progressing Permian growth strategy; Preakness II processing plant began operations in July; announced increased ownership in BANGL NGL pipeline, and FID of the Blackcomb natural gas pipeline MPLX LP (NYSE: MPLX) today reported second-quarter 2024 net income attributable to MPLX of $1,176 million, compared with $933 million for the second quarter of 2023. Second-quarter 2024 net income includes a $151 million gain from the closing of the strategic transaction combining the Whistler and Rio Bravo natural gas assets.
prnewswire.comMarathon Petroleum's second-quarter profit hit by lower refining margins
1 monthTop U.S. refiner Marathon Petroleum posted lower second-quarter profit on Tuesday, hurt by lower refining margins.
reuters.comMarathon Petroleum Corp. Reports Second-Quarter 2024 Results
1 monthFINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted share Adjusted EBITDA of $3.4 billion and net cash provided by operating activities of $3.2 billion, reflecting strong operational and commercial performance Advanced Midstream growth; $1.6 billion segment adjusted EBITDA in the second quarter, up 6% year-over-year, focused in the Permian and Marcellus MPC received $550 million quarterly distribution from MPLX, demonstrating the value of the strategic relationship Returned $3.2 billion of capital through $2.9 billion of share repurchases and $290 million of dividends Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.5 billion, or $4.33 per diluted share, for the second quarter of 2024, compared with net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, for the second quarter of 2023. Adjusted net income was $1.4 billion, or $4.12 per diluted share, for the second quarter of 2024.
prnewswire.comCan These 3 Energy Stocks Surpass Q2 Earnings Predictions?
1 monthWith favorable oil prices, energy companies' upstream business scenario is likely to have benefited. Let's see how Devon (DVN), Marathon (MPC) and W&T Offshore (WTI) are placed ahead of Q2 earnings.
zacks.comWhy Marathon Petroleum is Committed to a $5 Billion Stock Buyback
1 monthMost investors are waking up to realize that the market rotation has not only started but is gaining momentum with each trading day. Stanley Druckenmiller started selling out of the technology sector, specifically the artificial intelligence names that seemed to have run their course, to reallocate into bonds and small-cap stocks.
marketbeat.comIs It Worth Investing in Marathon Petroleum (MPC) Based on Wall Street's Bullish Views?
2 monthsWhen deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
zacks.comMarathon (MPC) Q2 Earnings on Deck: Here's How It Will Fare
2 monthsLower refining margins are likely to have impacted the second-quarter earnings of Marathon Petroleum (MPC).
zacks.comMarathon Petroleum (MPC) Stock Dips While Market Gains: Key Facts
2 monthsThe latest trading day saw Marathon Petroleum (MPC) settling at $177.02, representing a -0.71% change from its previous close.
zacks.comMarathon Petroleum Corp. Announces Quarterly Dividend
2 monthsFINDLAY, Ohio , July 31, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable Sept.
prnewswire.com