Marathon Petroleum Corporation (MPC)
| Market Cap | 56.33B |
| Revenue (ttm) | 153.58B |
| Net Income (ttm) | 11.55B |
| Shares Out | 379.70M |
| EPS (ttm) | 26.77 |
| PE Ratio | 5.54 |
| Forward PE | 9.28 |
| Dividend | $3.30 (2.22%) |
| Ex-Dividend Date | Nov 15, 2023 |
| Volume | 2,281,559 |
| Open | 147.91 |
| Previous Close | 146.88 |
| Day's Range | 147.60 - 149.72 |
| 52-Week Range | 104.32 - 159.65 |
| Beta | 1.49 |
| Analysts | Buy |
| Price Target | 158.92 (+7.12%) |
| Earnings Date | Jan 30, 2024 |
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 $158.92, which is an increase of 7.12% from the latest price.
News
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.
MPLX LP announces C. Kristopher Hagedorn as Chief Financial Officer
FINDLAY, Ohio , Dec. 21, 2023 /PRNewswire/ -- Michael J. Hennigan, chairman, president and chief executive officer of the general partner of MPLX LP (NYSE: MPLX), today announced that C.
Marathon Petroleum Corp. announces Maryann T. Mannen as President, John J.
FINDLAY, Ohio , Dec. 21, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) President and Chief Executive Officer Michael J. Hennigan today announced changes to the executive management team of...
Final Trades: Taiwan Semiconductor, American Express, Marathon Petroleum, and T-Bills
The 'Halftime Report' Investment Committee give their top picks to watch for the second half.
Midday Movers: Valero, Marathon Petroleum, and Others Advance on Higher Oil Prices
U.S. equities started the last full week of trading in 2023 higher at midday, as oil company stocks advanced along with the price of crude amid supply concerns following an attack on a tanker in the R...
Marathon Petroleum Corp. to Report Fourth-Quarter and Full-Year Financial Results on January 30, 2024
FINDLAY, Ohio , Dec. 8, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, January 30, 2024, at 11 a.m. EST to discuss 2023 fourth-quarter and full-year ...
3 Charts For Investors To Watch Thursday
Stocks edged mostly lower Wednesday and the energy sector led declines after oil fell to a five-month low. However, upbeat guidance from Delta Air Lines, Inc. (DAL) provided a tailwind for airline sto...
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.