MPC Chart
About

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. 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 through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment gathers, transports, stores, distributes, and markets crude oil and refined products, including renewable diesel and other hydrocarbon-based products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and transports, fractionates, stores, and markets natural gas liquids. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets, and distributes renewable diesel through its Midstream segment and third parties. It sells renewable diesel to wholesale marketing customers, buyers on the spot market, and through long-term supply contracts to direct dealers under the ARCO brand. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Refining & Mar Market Cap 58.70B
Enterprise Value 95.95B Income 4.05B Sales 133.43B
Book/sh 56.80 Cash/sh 9.00 Dividend Yield 196.00%
Payout 28.21% Employees — IPO —
P/E 14.77 Forward P/E 14.16 PEG —
P/S 0.44 P/B 3.44 P/C —
EV/EBITDA 9.87 EV/Sales 0.72 Quick Ratio —
Current Ratio — Debt/Eq 143.18 LT Debt/Eq —
EPS (ttm) 13.22 EPS next Y 13.79 EPS Growth 3.51%
Revenue Growth -0.50% Earnings 2026-05-05 ROA —
ROE 24.29% ROIC — Gross Margin 10.48%
Oper. Margin 7.02% Profit Margin 3.03% Shs Outstand 295.00M
Shs Float 294.20M Short Float 3.42% Short Ratio 4.09
Short Interest — 52W High 210.32 52W Low 115.10
Beta 0.71 Avg Volume 2.26M Volume 1.91M
Target Price $199.56 Recom Buy Prev Close $192.82
Price $195.29 Change 1.28%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$199.56
Mean price target
2. Current target
$195.29
Latest analyst target
3. DCF / Fair value
$198.30
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$195.29
Low
$163.00
High
$225.00
Mean
$199.56

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-09 main Citigroup Neutral → Neutral $210
2026-02-09 main BMO Capital Outperform → Outperform $225
2026-02-04 main Wells Fargo Overweight → Overweight $217
2026-01-14 main Citigroup Neutral → Neutral $182
2026-01-13 main Barclays Overweight → Overweight $194
2026-01-13 main Mizuho Neutral → Neutral $205
2026-01-08 main Piper Sandler Neutral → Neutral $184
2025-11-17 main Barclays Overweight → Overweight $202
2025-11-14 main Piper Sandler Neutral → Neutral $231
2025-11-05 main Wells Fargo Overweight → Overweight $213
2025-10-17 reit Raymond James Outperform → Outperform $203
2025-10-17 init Wells Fargo — → Overweight $214
2025-10-13 main Barclays Overweight → Overweight $194
2025-10-09 main Scotiabank Sector Outperform → Sector Outperform $189
2025-10-03 main Morgan Stanley Overweight → Overweight $200
2025-09-26 main UBS Buy → Buy $220
2025-09-19 main Evercore ISI Group In-Line → In-Line $210
2025-09-15 main Mizuho Neutral → Neutral $188
2025-09-11 main Piper Sandler Neutral → Neutral $222
2025-09-09 main Raymond James Outperform → Outperform $199
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 511 — — Stock Gift at price 0.00 per share. HENSCHEN MICHAEL A II Officer — 2026-02-12 00:00:00 D
1 5289 1070070 — Sale at price 202.32 per share. HENSCHEN MICHAEL A II Officer — 2026-02-12 00:00:00 D
2 1574 — — Stock Award(Grant) at price 0.00 per share. KHOURY MARIA A. Chief Financial Officer — 2026-01-30 00:00:00 D
3 10879 1773277 — Sale at price 163.00 per share. BENSON MOLLY R. Officer — 2025-08-15 00:00:00 D
4 10879 681896 — Conversion of Exercise of derivative security at price 62.68 per share. BENSON MOLLY R. Officer — 2025-08-15 00:00:00 D
5 7392 1293600 — Sale at price 175.00 per share. RUCKER KIM K. W. Director — 2025-07-03 00:00:00 D
6 1275 — — Stock Award(Grant) at price 0.00 per share. AL KHAYYAL ABDULAZIZ FAHD Director — 2025-05-01 00:00:00 D
7 1275 — — Stock Award(Grant) at price 0.00 per share. STICE J MICHAEL ED.D. Director — 2025-05-01 00:00:00 D
8 1275 — — Stock Award(Grant) at price 0.00 per share. ELLISON-TAYLOR KIMBERLY N Director — 2025-05-01 00:00:00 D
9 1275 — — Stock Award(Grant) at price 0.00 per share. PATERSON EILEEN PATRICIA Director — 2025-05-01 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems4.20M41.60M232.98M-10.08M
TaxRateForCalcs0.150.200.220.09
NormalizedEBITDA10.57B18.35B23.82B7.56B
TotalUnusualItems28.00M208.00M1.06B-112.00M
TotalUnusualItemsExcludingGoodwill28.00M208.00M1.06B-112.00M
NetIncomeFromContinuingOperationNetMinorityInterest3.44B9.68B14.44B1.29B
ReconciledDepreciation3.34B3.31B3.21B3.36B
ReconciledCostOfRevenue129.58B131.87B154.89B113.37B
EBITDA10.60B18.56B24.88B7.45B
EBIT7.26B15.25B21.67B4.08B
NetInterestIncome-839.00M-516.00M-998.00M-1.35B
InterestExpense1.31B1.26B1.20B1.27B
InterestIncome505.00M761.00M221.00M15.00M
NormalizedIncome3.42B9.51B13.62B1.39B
NetIncomeFromContinuingAndDiscontinuedOperation3.44B9.68B14.52B9.74B
TotalExpenses133.62B135.79B158.48B116.63B
TotalOperatingIncomeAsReported21.47B4.30B
DilutedAverageShares306.00M341.00M409.00M516.00M
BasicAverageShares305.00M340.00M407.00M512.00M
DilutedEPS13.2210.0823.6328.12
BasicEPS13.2410.1123.7328.31
DilutedNIAvailtoComStockholders3.44B9.67B14.51B9.74B
NetIncomeCommonStockholders3.44B9.67B14.51B9.74B
OtherunderPreferredStockDividend3.00M9.00M8.00M2.00M
NetIncome3.44B9.68B14.52B9.74B
MinorityInterests-1.62B-1.49B-1.53B-1.26B
NetIncomeIncludingNoncontrollingInterests5.07B11.17B16.05B11.00B
NetIncomeDiscontinuousOperations0.000.0072.00M8.45B
NetIncomeContinuousOperations5.07B11.17B15.98B2.55B
TaxProvision890.00M2.82B4.49B264.00M
PretaxIncome5.96B13.99B20.47B2.82B
OtherIncomeExpense1.55B1.92B2.50B814.00M
OtherNonOperatingIncomeExpenses472.00M969.00M783.00M468.00M
SpecialIncomeCharges28.00M208.00M1.06B-112.00M
GainOnSaleOfPPE28.00M217.00M1.06B21.00M
OtherSpecialCharges9.00M2.00M133.00M
ImpairmentOfCapitalAssets0.000.00
RestructuringAndMergernAcquisition0.000.00
EarningsFromEquityInterest1.05B742.00M655.00M458.00M
NetNonOperatingInterestIncomeExpense-839.00M-516.00M-998.00M-1.35B
TotalOtherFinanceCost36.00M12.00M21.00M98.00M
InterestExpenseNonOperating1.31B1.26B1.20B1.27B
InterestIncomeNonOperating505.00M761.00M221.00M15.00M
OperatingIncome5.25B12.59B18.97B3.35B
OperatingExpense4.04B3.92B3.60B3.26B
OtherOperatingExpenses-783.00M-468.00M
OtherTaxes818.00M881.00M825.00M721.00M
SellingGeneralAndAdministration3.22B3.04B2.77B2.54B
GeneralAndAdministrativeExpense3.22B3.04B2.77B2.54B
OtherGandA3.22B3.04B2.77B2.54B
SalariesAndWages-89.00M
GrossProfit9.29B16.51B22.57B6.61B
CostOfRevenue129.58B131.87B154.89B113.37B
TotalRevenue138.86B148.38B177.45B119.98B
OperatingRevenue138.86B148.38B177.45B119.98B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber678.00M625.00M536.00M405.00M
OrdinarySharesNumber316.00M368.00M454.00M579.00M
ShareIssued994.00M993.00M990.00M984.00M
NetDebt24.27B21.84B18.07B20.25B
TotalDebt28.76B28.50B27.91B26.90B
TangibleBookValue9.50B16.16B19.47B17.95B
InvestedCapital45.23B51.69B54.41B51.74B
WorkingCapital3.62B11.98B15.22B12.60B
NetTangibleAssets9.50B16.16B19.47B17.95B
CapitalLeaseObligations1.28B1.22B1.21B1.36B
CommonStockEquity17.75B24.40B27.71B26.21B
TotalCapitalization42.18B49.73B53.35B51.17B
TotalEquityGrossMinorityInterest24.51B31.40B35.09B33.58B
MinorityInterest6.76B7.00B7.37B7.38B
StockholdersEquity17.75B24.40B27.71B26.21B
GainsLossesNotAffectingRetainedEarnings-114.00M-131.00M2.00M-67.00M
OtherEquityAdjustments-114.00M-131.00M2.00M-67.00M
TreasuryStock52.62B43.50B31.84B19.90B
RetainedEarnings36.85B34.56B26.14B12.90B
AdditionalPaidInCapital33.62B33.47B33.40B33.26B
CapitalStock10.00M10.00M10.00M10.00M
CommonStock10.00M10.00M10.00M10.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest54.35B54.59B54.82B51.79B
TotalNonCurrentLiabilitiesNetMinorityInterest33.52B34.44B34.80B33.89B
OtherNonCurrentLiabilities1.30B1.41B1.30B1.35B
EmployeeBenefits1.16B1.10B1.11B1.01B
NonCurrentPensionAndOtherPostretirementBenefitPlans1.16B1.10B1.11B1.01B
NonCurrentDeferredLiabilities5.77B5.83B5.90B5.64B
NonCurrentDeferredTaxesLiabilities5.77B5.83B5.90B5.64B
LongTermDebtAndCapitalLeaseObligation25.29B26.09B26.48B25.89B
LongTermCapitalLeaseObligation860.00M764.00M841.00M927.00M
LongTermDebt24.43B25.33B25.63B24.97B
CurrentLiabilities20.83B20.15B20.02B17.90B
OtherCurrentLiabilities841.00M1.33B852.00M1.05B
CurrentDebtAndCapitalLeaseObligation3.47B2.41B1.43B1.01B
CurrentCapitalLeaseObligation417.00M454.00M368.00M438.00M
CurrentDebt3.05B1.95B1.07B571.00M
OtherCurrentBorrowings3.05B1.95B1.07B571.00M
PayablesAndAccruedExpenses16.52B16.41B17.73B15.84B
CurrentAccruedExpenses314.00M316.00M315.00M911.00M
InterestPayable314.00M316.00M315.00M
Payables16.21B16.10B17.42B15.84B
OtherPayable1.10B1.11B967.00M911.00M
TotalTaxPayable1.20B1.22B1.14B1.23B
AccountsPayable13.91B13.76B15.31B13.70B
TotalAssets78.86B85.99B89.90B85.37B
TotalNonCurrentAssets54.41B53.86B54.66B54.88B
OtherNonCurrentAssets2.98B3.01B3.08B2.40B
InvestmentsAndAdvances6.86B6.26B6.47B5.41B
LongTermEquityInvestment6.86B6.26B6.47B5.41B
GoodwillAndOtherIntangibleAssets8.24B8.24B8.24B8.26B
OtherIntangibleAssets2.13B
Goodwill8.24B8.24B8.24B8.26B
NetPPE36.33B36.34B36.87B38.81B
AccumulatedDepreciation-31.29B-28.64B-25.84B-23.19B
GrossPPE67.62B64.98B62.72B62.01B
OtherProperties67.62B64.98B62.72B62.01B
CurrentAssets24.45B32.13B35.24B30.50B
OtherCurrentAssets524.00M403.00M1.17B568.00M
AssetsHeldForSaleCurrent0.00
Inventory9.57B9.32B8.83B8.05B
FinishedGoods5.14B4.94B4.75B4.46B
RawMaterials4.43B4.38B4.08B3.60B
Receivables11.14B12.19B13.48B11.03B
AccountsReceivable11.14B12.19B13.48B11.03B
AllowanceForDoubtfulAccountsReceivable-73.00M-44.00M-29.00M-40.00M
GrossAccountsReceivable11.22B12.23B13.51B11.07B
CashCashEquivalentsAndShortTermInvestments3.21B10.22B11.77B10.84B
OtherShortTermInvestments0.004.78B3.15B5.55B
CashAndCashEquivalents3.21B5.44B8.62B5.29B
CashEquivalents1.08B3.16B1.68B
CashFinancial4.36B5.47B3.61B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow6.13B12.23B13.94B2.90B
RepurchaseOfCapitalStock-9.19B-11.57B-11.92B-4.65B
RepaymentOfDebt-1.98B-1.08B-2.28B-25.84B
IssuanceOfDebt1.63B1.59B3.38B19.56B
IssuanceOfCapitalStock25.00M62.00M243.00M106.00M
CapitalExpenditure-2.53B-1.89B-2.42B-1.46B
InterestPaidSupplementalData1.27B1.23B1.08B1.25B
IncomeTaxPaidSupplementalData732.00M2.75B4.87B2.44B
EndCashPosition3.21B5.45B8.63B5.29B
OtherCashAdjustmentOutsideChangeinCash0.000.00
BeginningCashPosition5.45B8.63B5.29B416.00M
ChangesInCash-2.23B-3.19B3.34B4.88B
CashFlowFromDiscontinuedOperation0.000.00140.00M
FinancingCashFlow-12.43B-14.21B-13.65B-14.42B
CashFlowFromContinuingFinancingActivities-12.43B-14.21B-13.65B-14.42B
NetOtherFinancingCharges-1.76B-1.95B-1.79B-2.11B
CashDividendsPaid-1.15B-1.26B-1.28B-1.48B
CommonStockDividendPaid-1.15B-1.26B-1.28B-1.48B
NetCommonStockIssuance-9.16B-11.51B-11.68B-4.55B
CommonStockPayments-9.19B-11.57B-11.92B-4.65B
CommonStockIssuance25.00M62.00M243.00M106.00M
NetIssuancePaymentsOfDebt-353.00M510.00M1.10B-6.27B
NetShortTermDebtIssuance0.000.00-1.02B
ShortTermDebtPayments0.000.00-8.44B
ShortTermDebtIssuance0.000.007.41B
NetLongTermDebtIssuance-353.00M510.00M1.10B-5.25B
LongTermDebtPayments-1.98B-1.08B-2.28B-17.40B
LongTermDebtIssuance1.63B1.59B3.38B12.15B
InvestingCashFlow1.53B-3.10B623.00M14.80B
CashFromDiscontinuedInvestingActivities0.000.0021.31B
CashFlowFromContinuingInvestingActivities1.53B-3.10B623.00M-6.52B
NetOtherInvestingChanges231.00M738.00M914.00M666.00M
NetInvestmentPurchaseAndSale5.03B-1.22B2.95B-5.72B
SaleOfInvestment7.98B7.41B8.97B6.99B
PurchaseOfInvestment-2.95B-8.62B-6.02B-12.71B
NetBusinessPurchaseAndSale-1.20B-726.00M-818.00M0.00
PurchaseOfBusiness-1.20B-726.00M-818.00M0.00
NetPPEPurchaseAndSale-2.53B-1.89B-2.42B-1.46B
PurchaseOfPPE-2.53B-1.89B-2.42B-1.46B
OperatingCashFlow8.66B14.12B16.36B4.36B
CashFromDiscontinuedOperatingActivities0.000.0042.00M-4.02B
CashFlowFromContinuingOperatingActivities8.66B14.12B16.32B8.38B
DividendReceivedCFO1.22B941.00M772.00M652.00M
ChangeInWorkingCapital399.00M295.00M-1.67B931.00M
ChangeInOtherWorkingCapital-448.00M-1.32B1.97B3.00M
ChangeInPayablesAndAccruedExpense-1.32B1.91B6.26B
ChangeInInventory-270.00M-489.00M-787.00M-33.00M
ChangeInReceivables1.12B2.11B-2.86B-5.30B
OtherNonCashItems-283.00M-490.00M-644.00M-8.52B
AssetImpairmentCharge0.000.00
DeferredTax-124.00M-28.00M290.00M1.92B
DeferredIncomeTax-124.00M-28.00M290.00M1.92B
DepreciationAmortizationDepletion3.34B3.31B3.21B3.36B
DepreciationAndAmortization3.34B3.31B3.21B3.36B
OperatingGainsLosses-946.00M-1.08B-1.69B-962.00M
PensionAndEmployeeBenefitExpense59.00M-191.00M172.00M-499.00M
EarningsLossesFromEquityInvestments-1.05B-742.00M-655.00M-458.00M
GainLossOnInvestmentSecurities71.00M70.00M-147.00M16.00M
NetIncomeFromContinuingOperations5.07B11.17B16.05B11.00B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MPC
Date User Asset Broker Type Position Size Entry Price Patterns