Marathon Petroleum Corporation (MPC)
| Market Cap | 51.22B |
| Revenue (ttm) | 142.67B |
| Net Income (ttm) | 4.52B |
| Shares Out | 321.39M |
| EPS (ttm) | 12.73 |
| PE Ratio | 12.52 |
| Forward PE | 17.63 |
| Dividend | $3.64 (2.28%) |
| Ex-Dividend Date | Nov 20, 2024 |
| Volume | 1,122,828 |
| Open | 158.33 |
| Previous Close | 157.89 |
| Day's Range | 156.61 - 159.45 |
| 52-Week Range | 140.98 - 221.11 |
| Beta | 1.37 |
| Analysts | Buy |
| Price Target | 184.77 (+15.93%) |
| Earnings Date | Nov 5, 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, Marathon Petroleum's revenue was $149.35 billion, a decrease of -16.21% compared to the previous year's $178.24 billion. Earnings were $9.67 billion, a decrease of -33.33%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for MPC stock is "Buy." The 12-month stock price forecast is $184.77, which is an increase of 15.93% from the latest price.
News
These Could Be The Last 2 Cheap Dividends After The Election Bounce
Trump's win cements what we've been saying for months: You can forget about a hard landing or a soft landing—This economy is headed for no landing at all.
Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4
Marathon Petroleum Corporation MPC shares are trading higher on Wednesday. Scotiabank analyst Paul.
Marathon Petroleum: Shares Are Attractive Despite Muted Q3 Results
Marathon Petroleum shares have dropped significantly, but Q3 earnings exceeded expectations, boosting the stock by over 3% and reinforcing my bullish stance. The Company's refining operations' implied...
Marathon Petroleum Corporation (MPC) Q3 2024 Earnings Call Transcript
Marathon Petroleum Corporation. (NYSE:MPC) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hesslin...
Marathon Petroleum's quarterly profit drops on weak refining margins
Marathon Petroleum reported a lower third-quarter profit on Tuesday as the top U.S. refiner took a hit from weak fuel demand which shrunk refining margins.
MPLX LP Reports Third-Quarter 2024 Financial Results
FINDLAY, Ohio , Nov. 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion $1.7 billion of adjusted EBITD...
Marathon Petroleum Corp. Reports Third-Quarter 2024 Results
FINDLAY, Ohio , Nov 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPC of $622 million, or $1.87 per diluted share $2.5 billion of adjusted EBITDA and $1.7 billion of net cash prov...
Marathon Petroleum Corporation announces election of new director
FINDLAY, Ohio , Oct. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Jeffrey C. Campbell has been elected to the company's board of directors effective November 11, ...
Marathon Petroleum Corp. Increases Quarterly Dividend
FINDLAY, Ohio , Oct. 30, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.91 per share on common stock, an increase of 10% over its pre...
The Big 3: LULU, AFRM, MPC
Today's Big 3 looks at names that have fallen off their 52-week highs and slipped into sideways trends over recent weeks. @ProsperTradingAcademy 's Scott Bauer joins Rick Ducat and Nicole Petallides t...
Marathon, Teamsters negotiations remain at standstill as strike enters third week
Marathon Petroleum and the Teamsters union, which represents refinery workers in Detroit, Michigan, are at a standstill as negotiations for a new labor agreement stagnate and the strike at the plant e...
Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 5, 2024
FINDLAY, Ohio , Sept. 6, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 5, 2024, at 11 a.m.
Marathon Petroleum Can Continue Driving Strong Returns
Marathon Petroleum Corporation's strong midstream business and substantial shareholder returns make it a valuable investment opportunity despite core business volatility. The company boasts impressive...
Marathon Petroleum Corporation (MPC) Q2 2024 Earnings Call Transcript
Marathon Petroleum Corporation (NYSE:MPC) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling -...
MPLX LP Reports Second-Quarter 2024 Financial Results
FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billion Adjusted EBITDA attributable ...
Marathon Petroleum's second-quarter profit hit by lower refining margins
Top U.S. refiner Marathon Petroleum posted lower second-quarter profit on Tuesday, hurt by lower refining margins.
Marathon Petroleum Corp. Reports Second-Quarter 2024 Results
FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted share...
Marathon Petroleum Corp. Announces Quarterly Dividend
FINDLAY, Ohio , July 31, 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 Sept.
Marathon Petroleum: Recent Pullback Creates Opportunity Given Share Repurchases (Upgrade)
Marathon Petroleum shares have dropped 25% from their 52-week high due to concerns over the health of the refining cycle. Despite recent pressure on shares from narrowing crack spreads, refining margi...
Why Oil Refinery Stocks' ‘Famine' Could Turn Into a ‘Feast'
A decline in margins has weighed on refining stocks
Energy Stocks: Winners And Losers At The Beginning Of H2 2024
The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weig...
Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 6, 2024
FINDLAY, Ohio , June 11, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 6, 2024, at 11 a.m. EDT to discuss 2024 second-quarter financial resul...
US refiners reward shareholders with big returns despite softer Q1 profits
Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization ra...