Marathon Petroleum Corp MPC

Energy SIC 2911 - Petroleum Refining NAICS Manufacturing › Petroleum and Coal Products Manufacturing › Petroleum Refineries derived NYSE

MPC has nearly 140 years of history in the energy business, and is a leading, integrated, downstream and midstream energy company. We operate one of the nation's largest refining systems with approximately 3.0 million barrels per day of crude oil refining capacity and believe we are one of the largest wholesale suppliers of gasoline and distillates to resellers in the United States. We distribute our refined products through one of the largest terminal operations in the United States and one of the largest private domestic fleets of inland petroleum product barges. Our integrated midstream energy asset network links producers of natural gas and NGLs from some of the largest supply basins in the United States to domestic and international markets. In addition, we are one of the largest producers and marketers of renewable diesel in the United States.

Last close 457.22 2026-10-23
Market cap $128.40B 2026-06-30 share count
52-week range 161.93 - 493.98

Valuation FY2025 figures against the last close

P/S1.0x
P/E34.6x
P/FCF26.9x
EV/EBITDA11.0x
Dividend yield0.9%
Diluted EPS13.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $132.70B$138.86B$148.38B$177.45B$119.98B$69.78B$111.15B$86.09B$74.73B$63.28B
Cost of revenue $119.45B$126.24B$128.57B$151.67B$110.01B$65.73B$99.23B$77.05B$67.09B$56.68B
Gross profit $13.25B$12.62B$19.81B$25.78B$9.97B$4.05B$11.92B$9.04B$7.64B$6.60B
SG&A $3.35B$3.22B$3.04B$2.77B$2.54B$2.71B$3.19B$2.28B$1.69B$1.60B
Total operating expenses $126.93B$133.62B$135.79B$158.48B$116.63B$81.28B$107.40B$81.90B$71.35B$60.98B
Operating income $8.29B$6.80B$14.51B$21.47B$4.30B-$12.25B$4.46B$4.69B$4.02B$2.39B
Pre-tax income $7.01B$5.96B$13.99B$20.47B$2.82B-$13.61B$3.23B$3.70B$3.34B$1.82B
Income tax $1.14B$890.0M$2.82B$4.49B$264.0M$2.43B$784.0M$764.0M$460.0M$609.0M
Net income $4.05B$3.44B$9.68B$14.52B$9.74B-$9.83B$2.64B$2.78B$3.43B$1.17B
EPS, basic 13.2410.1123.7328.3115.34-15.134.005.366.762.22
EPS, diluted 13.2210.0823.6328.1215.24-15.133.975.286.702.21
Shares, diluted (wtd. avg.) 306.0M341.0M409.0M516.0M638.0M649.0M664.0M526.0M512.0M530.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.67B$3.21B$5.45B$8.63B$5.29B$416.0M$1.40B$1.52B$2.85B$892.0M
Short-term investments —$0$4.78B$3.15B$5.55B—————
Receivables $10.32B$11.14B$12.19B$13.48B$11.03B$5.76B$7.23B$5.85B$4.70B$3.62B
Inventory $10.13B$9.57B$9.32B$8.83B$8.05B$8.00B$9.80B$9.84B$5.55B$5.66B
Total current assets $24.78B$24.45B$32.13B$35.24B$30.50B$28.29B$30.46B$18.02B$13.40B$10.40B
Property, plant and equipment —————$39.03B$40.87B$45.06B$26.44B$25.77B
Goodwill $9.35B$8.24B$8.24B$8.24B$8.26B$8.26B$15.65B$15.83B$3.59B$3.59B
Other intangibles $2.71B$1.77B$1.76B$1.88B$2.13B$2.36B$2.81B$3.31B$631.0M$725.0M
Total assets $83.95B$78.86B$85.99B$89.90B$85.37B$85.16B$98.56B$92.94B$49.05B$44.41B
Accounts payable $12.97B$13.91B$13.76B$15.31B$13.70B$7.80B$11.22B$9.37B$8.30B$5.59B
Short-term debt $2.37B$3.05B$1.95B$1.07B$571.0M$2.85B$704.0M$544.0M$624.0M$28.0M
Total current liabilities $19.68B$20.83B$20.15B$20.02B$17.90B$15.66B$16.95B$13.22B$10.48B$7.15B
Total liabilities $59.87B$54.35B$54.59B$54.82B$51.79B$54.94B$55.45B$47.89B$27.22B$23.21B
Retained earnings $39.75B$36.85B$34.56B$26.14B$12.90B$4.65B$15.99B$14.76B$12.86B$10.21B
Total equity $17.31B$17.75B$30.50B$34.12B$32.62B$29.25B$42.14B$44.05B$20.83B$20.20B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $8.25B$8.66B$14.12B$16.36B$4.36B$2.42B$9.44B$6.16B$6.61B$4.02B
Depreciation and amortisation $3.25B$3.34B$3.31B$3.21B$3.36B$3.38B$3.23B$2.17B$2.11B$2.00B
Stock-based compensation $160.0M$137.0M$211.0M$153.0M$88.0M$100.0M$153.0M$127.0M$51.0M$45.0M
Capital expenditure $3.49B$2.53B$1.89B$2.42B$1.46B$2.79B$4.81B$3.18B$2.73B$2.89B
Investing cash flow -$5.87B$1.53B-$3.10B$623.0M$14.80B-$3.26B-$6.26B-$7.67B-$3.40B-$2.97B
Financing cash flow -$1.92B-$12.43B-$14.21B-$13.65B-$14.42B-$135.0M-$3.38B$222.0M-$1.09B-$1.29B
Dividends paid $1.14B$1.15B$1.26B$1.28B$1.48B$1.51B$1.40B$954.0M$773.0M$719.0M
Buybacks $3.49B$9.19B$11.57B$11.92B$4.65B$0$1.95B$3.29B$2.37B$197.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001510295-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -50B 0 50B 100B 150B 200B Revenue, FY2016: 63.3B Gross profit, FY2016: 6.6B Net income, FY2016: 1.2B Revenue, FY2017: 74.7B Gross profit, FY2017: 7.6B Net income, FY2017: 3.4B Revenue, FY2018: 86.1B Gross profit, FY2018: 9B Net income, FY2018: 2.8B Revenue, FY2019: 111.1B Gross profit, FY2019: 11.9B Net income, FY2019: 2.6B Revenue, FY2020: 69.8B Gross profit, FY2020: 4B Net income, FY2020: -9.8B Revenue, FY2021: 120B Gross profit, FY2021: 10B Net income, FY2021: 9.7B Revenue, FY2022: 177.5B Gross profit, FY2022: 25.8B Net income, FY2022: 14.5B Revenue, FY2023: 148.4B Gross profit, FY2023: 19.8B Net income, FY2023: 9.7B Revenue, FY2024: 138.9B Gross profit, FY2024: 12.6B Net income, FY2024: 3.4B Revenue, FY2025: 132.7B Gross profit, FY2025: 13.3B Net income, FY2025: 4B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $63.28B $74.73B $86.09B $111.15B $69.78B $119.98B $177.45B $148.38B $138.86B $132.70B
Gross profit $6.60B $7.64B $9.04B $11.92B $4.05B $9.97B $25.78B $19.81B $12.62B $13.25B
Net income $1.17B $3.43B $2.78B $2.64B -$9.83B $9.74B $14.52B $9.68B $3.44B $4.05B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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