Marathon Petroleum Corporation (MPC)
| Market Cap | 61.49B |
| Revenue (ttm) | 148.44B |
| Net Income (ttm) | 7.89B |
| Shares Out | 352.33M |
| EPS (ttm) | 20.24 |
| PE Ratio | 8.62 |
| Forward PE | 9.48 |
| Dividend | $3.30 (1.89%) |
| Ex-Dividend Date | May 15, 2024 |
| Volume | 4,643,333 |
| Open | 175.33 |
| Previous Close | 177.86 |
| Day's Range | 169.14 - 175.59 |
| 52-Week Range | 104.32 - 221.11 |
| Beta | 1.54 |
| Analysts | Buy |
| Price Target | 192.50 (+10.31%) |
| Earnings Date | Apr 30, 2024 |
About MPC
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, distribut... [Read more]
Financial Performance
In 2023, MPC's revenue was $150.31 billion, a decrease of -16.47% compared to the previous year's $179.95 billion. Earnings were $9.68 billion, a decrease of -33.31%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for MPC stock is "Buy." The 12-month stock price forecast is $192.5, which is an increase of 10.31% from the latest price.
News
Marathon Petroleum Corp. Announces Leadership Transition Effective August 1, 2024
Maryann Mannen elected President and CEO, will join the Board of Directors Mike Hennigan to transition from CEO to Executive Chairman of the Board of Directors John Surma elected Lead Independent Dire...
MPLX LP Announces Leadership Transition Effective August 1, 2024
Maryann Mannen elected President and CEO Mike Hennigan to transition to Executive Chairman of the Board of Directors FINDLAY, Ohio , May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced i...
Marathon Petroleum Q1 earnings bode well for hedge funds: here's why
Marathon Petroleum Corp (NYSE: MPC) says solid demand for refined products and tightened fuel supply helped it beat Street estimates in its fiscal Q1. Shares of the oil company are in the green at wri...
Marathon Petroleum beats Q1 profit estimates on elevated fuel demand, tight supplies
Top U.S. refiner Marathon Petroleum beat first-quarter profit estimates on Tuesday, as demand for refined products remained at high levels while fuel supplies tightened due to refinery maintenance act...
MPLX LP Reports First-Quarter 2024 Financial Results
FINDLAY, Ohio , April 30, 2024 /PRNewswire/ -- First-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.3 billion Adjusted EBITDA attributable ...
Marathon Petroleum Corp. Reports First-Quarter 2024 Results
FINDLAY, Ohio , April 30, 2024 /PRNewswire/ -- First -quarter net income attributable to MPC of $937 million , or $2.58 per diluted share; adjusted EBITDA of $3.3 billion Net cash provided by operatin...
Simpson likes $COP and $MPC ‘a little better' than Chevron after its Q1 earnings
Chevron Corp is in focus this morning after coming in shy of revenue estimates for its fiscal first quarter. Kevin Simpson shares his view on Chevron stock The energy giant attributed the weakness to...
Marathon Petroleum Corp. Announces Quarterly Dividend
FINDLAY, Ohio , April 24, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable June ...
Trans Mountain oil shippers raise concerns about risk of delay to full service
Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be fully in service by its projected start date of May 1, according to a let...
Top 3 US oil stocks to buy in April as crude prices surge
The crude oil price has been on a winning streak lately, with brent crude oil reaching a high of over $91 per barrel today, its highest price since October last year. All in all, the crude oil price h...
Josh Brown's energy strategy
Josh Brown, Ritholtz Wealth Management CEO, joins CNBC's 'Halftime Report' to describe his latest strategy in the energy sector.
Stocks This Week: Buy Energy Stocks
The underperforming energy sector has been recovering. The sector relative strength has risen from last place to number six.
Marathon Petroleum Corp. to Report First-Quarter Financial Results on April 30, 2024
FINDLAY, Ohio , March 19, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, April 30, 2024, at 11 a.m. EDT to discuss 2024 first-quarter financial resul...
Teamsters Authorize Strike at Marathon Petroleum Refinery
Teamsters said that 95% of workers at the refinery had voted to authorize the strike.
Final Trades: JEPQ, Marathon Petroleum, Caterpillar, IWM
Today's “Halftime Report” Investment Committee, Bryn Talkington, Jason Snipe, Jim Lebenthal and Kevin Simpson give their top picks to watch for the second half.
US oil refiners beat Wall Street bets, expect demand to grow in 2024
Major U.S. fuelmakers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks ...
Marathon Petroleum Corporation announces election of two new directors
FINDLAY, Ohio , Jan. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Eileen P. Drake and Kimberly N.
MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
FINDLAY, Ohio , Jan. 30, 2024 /PRNewswire/ -- Fourth-quarter net income attributable to MPLX of $1.1 billion and adjusted EBITDA of $1.6 billion Full-year 2023 net income attributable to MPLX of $3.9 ...
Marathon Petroleum Corp. Reports Fourth-Quarter 2023 Results
FINDLAY, Ohio , Jan. 30, 2024 /PRNewswire/ -- Fourth -quarter net income attributable to MPC of $1.5 billion , or $3.84 per diluted share; adjusted net income of $1.5 billion, or $3.98 per adjusted d...
Key earnings on deck: Nucor, Marathon Petroleum, Mastercard, ADP and Shell
Joe Terranova and Bill Baruch join CNBC's 'Halftime Report' to share the setup on key earnings this week.
Marathon Petroleum Corp. to host 2024 annual meeting of shareholders
FINDLAY, Ohio , Jan. 26, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place April 24, 2024, at 10 a.m. ET in a virtual-on...
What Impact Falling Gasoline Prices Will Have On Marathon Petroleum's Earnings
Analysts expect Marathon Petroleum Corp. (MPC) will report a substantial decline in fourth-quarter earnings when it releases results on Jan. 30, reflecting narrowing profit margins in its refining bus...
Energy stocks are still attractive despite crude oil pressures, says top analyst Paul Sankey
Paul Sankey, Sankey Research, joins 'Fast Money' to talk the energy sector, pressure on crude oil prices, where to invest in the space and more.
Final Trades: Abbvie, Stryker, Crown Castle, Marathon Petroleum
Jim Lebenthal, chief equity strategist at Cerity Partners, Jenny Harrington, Gilman Hill Asset Management CEO, Joe Terranova, senior managing director at Virtus Investment Partners, and Brenda Vingiel...
Marathon Petroleum names Mannen president, Quaid finance chief
Dec 21 (Reuters) - Refiner Marathon Petroleum (MPC.N) on Thursday named Maryann Mannen as its new president and John Quaid as its new chief financial officer, effective Jan. 1.