Marathon Petroleum Corporation (MPC)

NYSE: MPC · IEX Real-Time Price · USD
+2.23 (1.49%)
At close: Dec 1, 2023, 4:00 PM
-0.42 (-0.28%)
After-hours: Dec 1, 2023, 7:30 PM EST
Market Cap 57.49B
Revenue (ttm) 153.58B
Net Income (ttm) 11.55B
Shares Out 379.70M
EPS (ttm) 26.77
PE Ratio 5.66
Forward PE 9.30
Dividend $3.30 (2.18%)
Ex-Dividend Date Nov 15, 2023
Volume 3,072,151
Open 148.78
Previous Close 149.19
Day's Range 148.44 - 153.77
52-Week Range 104.32 - 159.65
Beta 1.56
Analysts Buy
Price Target 158.00 (+4.35%)
Earnings Date Oct 31, 2023

About MPC

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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 ... [Read more]

Sector Energy
IPO Date Jul 1, 2011
Employees 17,800
Stock Exchange NYSE
Ticker Symbol MPC
Full Company Profile

Financial Performance

In 2022, MPC's revenue was $179.95 billion, an increase of 48.81% compared to the previous year's $120.93 billion. Earnings were $14.52 billion, an increase of 49.07%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for MPC stock is "Buy." The 12-month stock price forecast is $158.0, which is an increase of 4.35% from the latest price.

Price Target
(4.35% upside)
Analyst Consensus: Buy
Stock Forecasts


Refiners, transporters surge: Niche energy markets defy oil slump

Big energy like Chevron Corp. NYSE: CVX and Exxon Mobil Corp. NYSE: XOM are trading well below their highs, while certain sub-industries within the energy sector are performing well.

9 days ago - MarketBeat

These ten stocks, not just from tech, are the key to next year's S&P 500 earnings growth

In a simple world, the stock market is never more than earnings and the multiple investors assign to them.

13 days ago - Market Watch

Final Trades: Marathon Petroleum, Coca-Cola, Retail, Pfizer

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: KOPFE
16 days ago - CNBC Television

ADM, Marathon Petroleum Corp. Take Next Step in Meeting Demand for Renewable Fuels as Green Bison Production Facility Begins Operations

CHICAGO & FINDLAY, Ohio--(BUSINESS WIRE)--ADM (NYSE: ADM) and Marathon Petroleum Corp. (NYSE: MPC) today celebrated the opening of their joint venture soybean processing complex, Green Bison Soy Proce...

Other symbols: ADM
19 days ago - Business Wire

US refiners to taper output, keep gasoline prices tame

U.S. crude oil refiners this quarter will pull back from red-hot summer run rates as weak gasoline margins and plant overhauls cool operating goals, according to company statements and oil analysts.

Other symbols: PSXVLO
27 days ago - Reuters

Marathon rules out participating in Citgo refinery asset auction

Marathon Petroleum is not planning to participate in the current auction process for shares in a parent of oil refiner Citgo Petroleum, executives said Tuesday.

4 weeks ago - Reuters

MPLX LP Reports Third-Quarter 2023 Financial Results

FINDLAY, Ohio , Oct. 31, 2023 /PRNewswire/ -- Reported third-quarter net income attributable to MPLX of $918 million and generated net cash provided by operating activities of $1,244 million Adjusted ...

Other symbols: MPLX
4 weeks ago - PRNewsWire

Marathon Petroleum beats Q3 profit

Marathon Petroleum beat estimates for third-quarter profit on Tuesday, as the refiner benefited from strong demand for fuel and refined products amid tight supplies.

4 weeks ago - Reuters

Marathon Petroleum Corp. Reports Third-Quarter 2023 Results

FINDLAY, Ohio , Oct. 31, 2023 /PRNewswire/ -- Third -quarter net income attributable to MPC of $3.3 billion , or $8.28 per diluted share; adjusted net income of $3.2 billion, or $8.14 per adjusted dil...

Other symbols: MPLX
4 weeks ago - PRNewsWire

Revisiting the classic 60/40 portfolio as challenges loom

In mid-2020, the 60/40 worked as well as it was supposed to. Investors who held on through the early Covid market decline saw a fast rebound to a bull market, while long-term Treasuries fell to record...

4 weeks ago - MarketBeat

Technical Support: MPC, APTV & CME

Ari Wald, Oppenheimer, joins 'Power Lunch' to discuss the technical support for Marathon, Aptiv and CME Group.

Other symbols: APTVCME
4 weeks ago - CNBC Television

Marathon Petroleum boosts share buybacks by $5 billion

U.S. refiner Marathon Petroleum on Wednesday announced a fresh $5 billion share repurchase plan.

5 weeks ago - Reuters

Marathon Petroleum Corp. Increases Quarterly Dividend by 10% and Announces $5 Billion Share Repurchase Authorization

FINDLAY, Ohio , Oct. 25, 2023 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock, an increase of approximately 1...

5 weeks ago - PRNewsWire

$7 Billion in Clean Hydrogen Grants: Winners and Losers

The US Department of Energy finally decided who would get a piece of the $7 billion Federal funding for green hydrogen, and the news may surprise you. The funding is intended to build green hydrogen i...

6 weeks ago - MarketBeat

The Best Performing Energy Stocks Of Q3 2023

On September 30th the third quarter of 2023 came to a close. The energy sector was the top performer.

Other symbols: PSXVLO
7 weeks ago - Forbes

Oil and Gas Stocks Topped S&P 500 Returns This Quarter as Crude Prices Surged

Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.

2 months ago - Investopedia

Marathon Petroleum Corp. to Report Third-Quarter Financial Results on October 31, 2023

FINDLAY, Ohio , Sept. 12, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, October 31, 2023, at 11 a.m.

2 months ago - PRNewsWire

Refiner Stocks Surge on Diesel Price Spike

Refineries are benefiting from a shift in crude exports. Both Saudi Arabia and Russia have cut their oil production---to prop up oil prices.

Other symbols: CRAKDINODKVLO
2 months ago - Barrons

Marathon shuts some Garyville refinery units

Marathon Petroleum Corp said on Friday it shut down production units closest to two burning naphtha storage tanks at its 596,000 barrel-per-day (bpd) Garyville, Louisiana, refinery "out of an abundanc...

3 months ago - Reuters

There is still runway for the energy sector breakout, says Oppenheimer's Ari Wald

Ari Wald, managing director and head of technical analysis at Oppenheimer, joins 'The Exchange' to discuss the breakout in the energy sector, tips for locating what stocks are driving the structural s...

Other symbols: COPHESXLE
3 months ago - CNBC Television

Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharply

With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit es...

3 months ago - Market Watch

Falling Refinery Margins Slice Marathon Petroleum's Quarterly Earnings

Falling refinery margins slice Marathon Petroleum's quarterly earnings, but profit and revenue still surpass expectations as oil, gas prices again head higher.

4 months ago - Investopedia

Marathon Petroleum Q2 profit slumps 63% on lower refining margins

U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins.

4 months ago - Reuters

MPLX LP Reports Second-Quarter 2023 Financial Results

FINDLAY, Ohio , Aug. 1, 2023 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $933 million and generated net cash provided by operating activities of $1,437 million Adjusted ...

Other symbols: MPLX
4 months ago - PRNewsWire

Marathon Petroleum Corp. Reports Second-Quarter 2023 Results

FINDLAY, Ohio , Aug. 1, 2023 /PRNewswire/ --  Second-quarter net income attributable to MPC of $2.2 billion , or $5.32 per diluted share; adj. EBITDA of $4.5 billion Net cash provided by operating act...

4 months ago - PRNewsWire