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Fortune 500

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31

Marathon Petroleum

MPC

Marathon Petroleum’s No. 31 ranking represents a sharp jump due to the Ohio-based company’s purchase of fellow refiner Andeavor for $23 billion, a deal that made Marathon the largest refiner in the U.S. The newfound scale has allowed the company to take advantage of cheap shale gas, and more easily sidestep the impact of U.S. sanctions on Venezuela, previously a major source of crude. Revenue rose nearly 44% to $97 billion in 2018, even as profits took a hit from the acquisition. The number of barrels Marathon processed surged 56% in the fourth quarter, following the completion of the Andeavor deal in October.

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CEO

Gary R. Heminger

CEO Title

Chairman & Chief Executive Officer

Sector

Energy

Industry

Petroleum Refining

HQ Location

Findlay, Ohio

Years on Fortune 500 List

8

Employees

60,350

Acquired Andeavor (2017 rank: 90), Oct. 1, 2018.Excise taxes have been deducted.
Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$97,10243.6%
Profits ($M)$2,780.0-19.0%
Assets ($M)$92,940
Total Stockholder Equity ($M)$35,175
Profit Ratios
Profit as % of Revenues2.9%
Profits as % of Assets3.0%
Profits as % of Stockholder Equity7.9%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)5.28
EPS % Change (from 2017)-21.2%
EPS % Change (5 year annual rate)9.7%
EPS % Change (10 year annual rate)-
Total Return
Total Return to Investors (2018)-8.2%
Total Return to Investors (5 year, annualized)7.9%
Total Return to Investors (10 year, annualized)-
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

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