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72

Marathon Petroleum

Luke Sharrett—Bloomberg via Getty Images
  • Previous Rank131
  • Country
    U.S.
  • Revenues ($M)$97,102.00
  • Revenue Percent Change43.6%
  • Profits ($M)$2,780.00
  • Profits Percent Change-19%
  • Assets ($M)$92,940.00
  • Employees60,350

Marathon Petroleum’s No. 72 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 of 2018, following the completion of the Andeavor deal in October.

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Company Information

CEO
Gary R. Heminger
Sector
Energy
Industry
Petroleum Refining
HQ Location
Findlay, Ohio
Websitehttps://www.marathonpetroleum.com
Years on Global 500 List8
Employees60,350
Acquired Andeavor (2017 rank: 344), Oct. 1, 2018. Excise taxes have been deducted.

Marathon Petroleum Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$97,102.0043.6%
Profits ($M)$2,780.00-19%
Assets ($M)$92,940.00-
Total Stockholder Equity ($M)$35,175.00-

Profit Ratios

Profit as % of Revenues2.9%
Profits as % of Assets3%
Profits as % of Stockholder Equity7.9%