Marathon Petroleum
A leading downstream energy company, Marathon Petroleum serves as home to the nation’s largest refining system. The company was formerly a subsidiary of Marathon Oil but split off into its own corporation in 2011. Marathon Petroleum, which is also the nation’s largest independent refiner, sells refined products to wholesale marketing customers domestically and internationally, to buyers on the spot market, to independent entrepreneurs, and through long-term supply contracts with direct dealers around the world. In May 2021 the company completed the closing of its $21 billion sale of Speedway, its convenience store and gas station chain subsidiary, to 7-Eleven.
DAVID MCNEW—AFP via Getty Images
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Findlay, Ohio
Industry
Petroleum Refining
CEO
Michael J. Hennigan
Website
Company Type
Public
Ticker
MPC
Revenues ($M)
$180,012
Profits ($M)
$14,516
Market Value ($M)
$59,544
Employees
17,800
Includes revenues from discontinued operations. Excise taxes have been deducted. Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$141,032
58.5%
Profits ($M)
$9,738
-
Assets ($M)
$85,373
-
Total Stockholder Equity ($M)
$26,206
-
Profit Ratios
Profit as % of Revenues
6.9%
Profits as % of Assets
11.4%
Profits as % of Stockholder Equity
37.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
15.24
EPS % Change (from 2020)
-
EPS % Change (5 year annual rate)
47.1%
EPS % Change (10 year annual rate)
16.4%
Total Return
Total Return to Investors (2021)
60.7%
Total Return to Investors (5 year, annualized)
9%
Total Return to Investors (10 year, annualized)
18.1%
