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  • Revenues ($M)
  • Revenue Percent Change
  • Profits ($M)
  • Profits Percent Change
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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.

Company Info

Acquired Andeavor (2017 rank: 90), Oct. 1, 2018.
Gary R. Heminger
CEO Title
Chairman & Chief Executive Officer
Petroleum Refining
HQ Location
Findlay, Ohio
Years on Fortune 500 List8
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Marathon Petroleum Rank History


Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$97,102.043.6%
Profits ($M)$2,780.0-19.0%
Assets ($M)$92,940.0-
Total Stockholder Equity ($M)$35,175.0-

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)-