Marathon Petroleum

F500 2019-Marathon Petroleum
Detroit, MI - February 1: View of the Marathon Oil Refinery close to the southwestern most border of Detroit. During her time as a state representative in 2013, Rashida Tlaib indepentently tested a toxic substance that was polluting the air and Detroit River called petroleum coke, or petcoke, proving it was harmful. As a result then mayor of Detroit Dave Bing, stepped in and made Marathon properly store the petcoke piles so they wouldn't be polluting the neighborhoods and river. As a result of the industry in Southwest Detroit and cities further down the Detroit River asthma rates and other respatory issues are extremely common. SOURCES: https://www.citylab.com/environment/2018/01/how-detroit-beat-fugitive-dust/550241/ and https://www.detroitjournalism.org/2018/02/09/pollution-southwest-detroit/(Photo by Nick Hagen for The Washington Post via Getty Images)Nick Hagen—The Washington Post/Getty Images
  • Previous Rank
    41
  • Revenues ($M)
    97102.0
  • Revenue Percent Change
    43.6
  • Profits ($M)
    2780.0
  • Profits Percent Change
    -19.0
  • Assets ($M)
    92940.0
  • Employees
    60350

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

CEOGary R. Heminger
CEO TitleChairman & Chief Executive Officer
SectorEnergy
IndustryPetroleum Refining
HQ LocationFindlay, Ohio
Websitewww.marathonpetroleum.com
Years on Fortune 500 List8
Employees60,350

Key Financials (Last Fiscal Year)

Revenues ($M)$97,102
Profits ($M)$2,780
Assets ($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
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)-