Marathon Petroleum Corporation
Description
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
About
CEO
Ms. Maryann T. Mannen
Employees
18,200
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas Refining & Marketing
MIC code
XNYS
Address
539 South Main Street, Findlay, OH 45840-3229, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 4, 2025 | 0.99 | — | — | — |
| Nov 5, 2024 | 0.98 | 1.87 | 0.89 | 90.82% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 15 | — | 17 |
| Average estimate | — | 0.72 | — | 8.26 |
| Low estimate | — | -0.85 | — | 6.37 |
| High estimate | — | 1.45 | — | 9.96 |
| Last year EPS | — | 2.58 | — | 8.68 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-99.490%
Next qtr. (Mar 2025)
-72.130%
Current year
-63.250%
Next year (Dec 2025)
-4.870%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 148.38B | 177.45B | 119.98B | 69.78B | 111.15B |
| Cost of revenue | 131.87B | 154.89B | 113.37B | 69.11B | 102.45B |
| Gross profit | 16.51B | 22.57B | 6.61B | 671.00M | 8.70B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 2.95B | 2.77B | 2.54B | 2.71B | 3.19B |
| Other operating expenses | — | -783.00M | -468.00M | -118.00M | -127.00M |
| Operating income | 12.68B | 18.97B | 3.35B | -2.71B | 4.94B |
| Non operating interest income | |||||
| Income | 672.00M | 221.00M | 15.00M | 9.00M | 40.00M |
| Expense | 1.27B | 1.20B | 1.27B | 1.33B | 1.23B |
| Other income expense | 1.92B | 2.50B | 814.00M | -9.53B | -480.00M |
| Pretax income | 13.99B | 20.47B | 2.82B | -13.61B | 3.23B |
| Tax provision | 2.82B | 4.49B | 264.00M | -2.43B | 784.00M |
| Net income | 11.17B | 16.05B | 11.00B | -9.98B | 3.26B |
| Basic EPS | 23.73 | 28.31 | 15.34 | -15.28 | 4.00 |
| Diluted EPS | 23.63 | 28.12 | 15.24 | -15.28 | 3.97 |
| Basic average shares | 407.00M | 512.00M | 634.00M | 649.00M | 659.00M |
| Diluted average shares | 407.00M | 512.00M | 634.00M | 649.00M | 659.00M |
| EBITDA | 18.35B | 23.82B | 7.56B | -190.00M | 8.61B |
| Net income from continuing op. | 11.17B | 16.05B | 11.00B | -9.98B | 3.26B |
| Minority interests | -1.49B | -1.53B | -1.26B | 151.00M | -618.00M |
| Preferred stock dividends | 9.00M | 8.00M | 2.00M | 1.00M | 1.00M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 85.99B | 89.90B | 85.37B | 85.16B | 98.56B |
| Current assets | |||||
| Cash | 4.36B | 5.47B | 3.61B | — | — |
| Cash equivalents | 1.08B | 3.16B | 1.68B | — | — |
| Cash and cash equivalents | 5.44B | 8.63B | 5.29B | 415.00M | 1.39B |
| Other short term investments | 4.78B | 3.15B | 5.55B | — | — |
| Accounts receivable | 11.62B | 13.48B | 11.03B | 5.76B | 7.23B |
| Other receivables | — | — | — | — | — |
| Inventory | 9.32B | 8.83B | 8.06B | 8.00B | 9.80B |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | 11.39B | 11.14B |
| Hedging assets | — | — | — | — | — |
| Other current assets | 971.00M | 1.17B | 568.00M | 2.72B | 893.00M |
| Non current assets | |||||
| Properties | 64.98B | 62.72B | 62.01B | 60.86B | 59.39B |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -28.64B | -25.84B | -23.19B | -20.30B | -16.72B |
| Goodwill | 16.49B | 16.49B | 16.51B | 16.51B | 31.30B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | 2.14B | 2.36B | 2.81B |
| Investments and advances | 6.26B | 6.47B | 5.41B | 5.42B | 6.57B |
| Other non current assets | 3.01B | 3.08B | 2.40B | 2.64B | 3.20B |
| Total liabilities | 54.59B | 54.82B | 51.79B | 54.94B | 55.45B |
| Current liabilities | |||||
| Accounts payable | 13.76B | 15.31B | 13.70B | 7.80B | 11.22B |
| Accrued expenses | 316.00M | 315.00M | 911.00M | 732.00M | 987.00M |
| Short term debt | 2.41B | 1.43B | 1.01B | 3.35B | 1.22B |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 1.22B | 1.14B | 1.23B | 1.11B | 1.02B |
| Pensions | — | — | — | — | — |
| Other current liabilities | 1.33B | 852.00M | 1.05B | 2.67B | 2.51B |
| Non current liabilities | |||||
| Long term debt | 26.09B | 26.48B | 25.90B | 29.74B | 29.32B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 5.83B | 5.90B | 5.64B | 6.20B | 6.39B |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 1.41B | 1.30B | 1.35B | 1.21B | 1.17B |
| Shareholders equity | |||||
| Common stock | 10.00M | 10.00M | 10.00M | 10.00M | 10.00M |
| Retained earnings | 34.56B | 26.14B | 12.91B | 4.65B | 15.99B |
| Other shareholders equity | -131.00M | 2.00M | -67.00M | -512.00M | -320.00M |
| Total shareholders equity | 31.40B | 35.09B | 33.58B | 30.22B | 43.11B |
| Additional paid in capital | 33.47B | 33.40B | 33.26B | 33.21B | 33.16B |
| Treasury stock | 43.50B | 31.84B | 19.90B | 15.16B | 15.14B |
| Minority interest | 7.00B | 7.37B | 7.38B | 8.02B | 9.41B |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Net Income | 11.17B | 16.05B | 11.00B | -9.98B | 3.26B | 3.61B | 3.80B | 1.21B | 2.87B | 2.56B | 2.13B | 3.39B | 2.39B | 623.00M | 449.00M | 1.22B |
| Depreciation | 3.31B | 3.22B | 3.36B | 3.38B | 3.23B | 2.17B | 2.11B | 2.00B | 1.50B | 1.33B | 1.22B | 995.00M | 891.00M | 941.00M | 670.00M | 606.00M |
| Deferred Taxes | 107.00M | -265.00M | 1.92B | -2.05B | 449.00M | 252.00M | -1.23B | 394.00M | 134.00M | -242.00M | 23.00M | 492.00M | 123.00M | 308.00M | 225.00M | -123.00M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -490.00M | -569.00M | -8.52B | -945.00M | -418.00M | -554.00M | -138.00M | -400.00M | 351.00M | 18.00M | -21.00M | 53.00M | -3.00M | 59.00M | 81.00M | 213.00M |
| Accounts Receivable | 1.97B | -2.32B | -5.30B | 1.47B | -1.72B | 1.28B | -1.09B | -674.00M | 1.29B | 1.64B | -940.00M | 851.00M | -1.18B | -750.00M | -1.45B | 1.97B |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -496.00M | -787.00M | -30.00M | 1.73B | -371.00M | 965.00M | 106.00M | -70.00M | 80.00M | -786.00M | -305.00M | -115.00M | -310.00M | 87.00M | 89.00M | -260.00M |
| Operating Cash Flow | 15.57B | 15.33B | 2.43B | -6.40B | 4.42B | 7.72B | 3.56B | 2.46B | 6.23B | 4.51B | 2.11B | 5.67B | 1.91B | 1.27B | 66.00M | 3.62B |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -1.89B | -2.42B | -1.46B | -2.79B | -4.81B | -3.18B | -2.73B | -2.89B | -2.00B | -1.48B | -1.21B | -1.37B | -1.19B | -1.22B | -2.89B | -2.79B |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -246.00M | -413.00M | — | — | -129.00M | -3.82B | -249.00M | — | -1.22B | -2.82B | -1.52B | -190.00M | -74.00M | — | — | — |
| Purchase of Investments | -9.10B | -6.43B | -12.71B | -485.00M | -1.06B | -409.00M | -805.00M | -288.00M | -331.00M | -413.00M | -151.00M | -57.00M | -10.38B | -9.71B | -16.78B | -8.64B |
| Sale of Investments | 7.41B | 8.97B | 6.99B | 137.00M | 98.00M | 16.00M | 62.00M | — | 4.00M | 9.00M | 77.00M | 108.00M | 12.78B | 8.02B | 16.95B | 8.15B |
| Investing Cash Flow | -3.10B | 623.00M | -6.52B | -2.92B | -5.78B | -7.30B | -3.40B | -2.97B | -3.44B | -4.54B | -2.76B | -1.45B | 1.30B | -2.15B | -2.64B | -2.61B |
| Financing Activities | ||||||||||||||||
| Long-Term Debt Issuance | 1.59B | 3.38B | 12.15B | 17.08B | 14.27B | 13.48B | 2.91B | 864.00M | 2.99B | 3.79B | — | — | 10.74B | 18.80B | 15.00M | 17.58B |
| Long-Term Debt Payments | -1.08B | -2.28B | -25.84B | -16.41B | -13.07B | -8.03B | -942.00M | -3.53B | -2.23B | -548.00M | -21.00M | -17.00M | -11.38B | -17.56B | -13.00M | -15.52B |
| Other Financing Charges | -1.95B | -1.79B | -2.11B | -1.36B | -1.24B | -1.01B | -734.00M | -744.00M | -221.00M | -202.00M | 33.00M | — | -60.00M | -1.33B | 207.00M | -151.00M |
| Financing Cash Flow | -14.21B | -13.65B | -22.86B | -1.17B | -3.38B | 222.00M | -1.39B | -2.56B | -999.00M | 635.00M | -3.22B | -1.26B | -1.64B | -1.41B | 209.00M | 1.91B |
| Other Cash Details | ||||||||||||||||
| End Cash Position | 5.45B | 8.63B | 5.29B | 416.00M | 1.40B | 1.52B | 3.02B | 892.00M | 1.13B | 1.49B | 2.29B | 4.86B | 3.08B | 118.00M | 128.00M | 108.00M |
| Income Tax Paid | 2.75B | 4.87B | 2.44B | — | 491.00M | 424.00M | 904.00M | 140.00M | 1.61B | 1.36B | 1.10B | 1.21B | 617.00M | 11.00M | — | — |
| Interest Paid | 1.23B | 1.08B | 1.25B | 1.24B | 1.17B | 887.00M | 525.00M | 478.00M | 272.00M | 166.00M | 161.00M | 67.00M | 5.00M | — | — | — |
| Free Cash Flow | 12.23B | 13.94B | 2.90B | -368.00M | 4.63B | 2.98B | 3.88B | 1.13B | 2.08B | 1.63B | 2.20B | 3.12B | 2.12B | 1.00B | -436.00M | -2.10B |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 10,603,725 | 1.66B | 3.30% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 8,767,851 | 1.38B | 2.73% |
| Select Sector SPDR Fund-Energy Select | Nov 30, 2024 | 8,645,299 | 1.36B | 2.69% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 4,137,363 | 649.19M | 1.29% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 4,135,644 | 648.92M | 1.29% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 3,782,582 | 593.52M | 1.18% |
| Pacer U.S. Cash Cows 100 ETF | Oct 31, 2024 | 2,893,662 | 454.04M | 0.90% |
| Vanguard Index-Value Index Fund | Sep 30, 2024 | 2,830,928 | 444.20M | 0.88% |
| Vanguard/Wellington Fund Inc. | Nov 30, 2024 | 2,636,207 | 413.65M | 0.82% |
| Vanguard Institutional Index Fund-Institutional Index Fund | Sep 30, 2024 | 2,128,522 | 333.99M | 0.66% |
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