Marathon Petroleum
RANK
49
Like most energy companies, independent refiner Marathon Petroleum took a big hit from declining oil and gas prices at the start of the pandemic—and saw its fortunes rebound in 2021, climbing from No. 81 to No. 49 on this year’s Global 500. The company also sold gas-station and convenience-store chain Speedway to 7-Eleven for $21 billion in May 2021. Russia’s invasion of Ukraine created new challenges for Marathon in 2022: Prior to the invasion, Marathon was a major purchaser of Russian oil. Owing to sanctions against Russian products, the company has started looking for alternative suppliers; in particular, it has begun turning to Ecuador as a source of crude.
David Ryder—Getty Images
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Findlay, Ohio
Industry
Petroleum Refining
CEO
Michael J. Hennigan
Website
Company Type
Public
Ticker
MPC
Revenues ($M)
$180,012
Profits ($M)
$14,516
Market Value ($M)
$59,544
Employees
17,800
Includes revenues from discontinued operations. Excise taxes have been deducted. Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$141,032
58.5%
Profits ($M)
$9,738
-
Assets ($M)
$85,373
-
Total Stockholder Equity ($M)
$26,206
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
6.9%
Profits as % of Assets
11.4%
Profits as % of Stockholder Equity
37.2%
Marathon Petroleum Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $88,952-28.7% | $-9,826-472.6% | $85,158 | $22,199 |
| 2020 | $124,81328.5% | $2,637-5.1% | $98,556 | $33,694 |
| 2019 | $97,10243.6% | $2,780-19% | $92,940 | $35,175 |
| 2018 | $67,61021% | $3,432192.3% | $49,047 | $14,033 |
| 2017 | $55,858-13.5% | $1,174-58.8% | $44,413 | $13,557 |
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