Marathon Petroleum Corporation (MPC)
| 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]
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 StatementsAnalyst 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.
News
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.
Final Trades: Marathon Petroleum, Coca-Cola, Retail, Pfizer
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
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...
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.
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.
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 ...
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.
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...
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...
Technical Support: MPC, APTV & CME
Ari Wald, Oppenheimer, joins 'Power Lunch' to discuss the technical support for Marathon, Aptiv and CME Group.
Marathon Petroleum boosts share buybacks by $5 billion
U.S. refiner Marathon Petroleum on Wednesday announced a fresh $5 billion share repurchase plan.
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...
$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...
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.
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.
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.
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.
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...
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...
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...
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.
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.
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 ...
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...