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Marathon Petroleum Corp

MPC.N

Latest Trade

36.83USD

Change

1.26(+3.54%)

Volume

3,297,424

Today's Range

36.62

 - 

37.52

52 Week Range

15.27

 - 

69.61

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
35.57
Open
37.44
Volume
3,297,424
3M AVG Volume
262.59
Today's High
37.52
Today's Low
36.62
52 Week High
69.61
52 Week Low
15.27
Shares Out (MIL)
650.26
Market Cap (MIL)
23,129.78
Forward P/E
-16.49
Dividend (Yield %)
6.52

Next Event

Q2 2020 Marathon Petroleum Corp Earnings Release

Latest Developments

More

MPLX Reports Qtrly Non-Cash Impairment Charges Of $3.4 Billion

Marathon Petroleum Reports Q1 Adjusted Loss Per Share Of $0.16

Marathon Petroleum Sets Quarterly Dividend Of $0.58 Per Share

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About Marathon Petroleum Corp

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States. Its Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast regions of the United States. The Company's Midstream is engaged in the operations of MPLX LP and certain other related operations. It gathers, processes and transports natural gas, natural gas liquids (NGLs), crude oil and refined products. MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets.

Industry

Oil & Gas Operations

Contact Info

539 S Main St

FINDLAY, OH

45840-3229

United States

+1.419.4222121

http://www.marathonpetroleum.com

Executive Leadership

John P. Surma

Non-Executive Chairman of the Board

Michael J. Hennigan

President, Chief Executive Officer, Director

Donald C. Templin

Chief Financial Officer, Executive Vice President

Timothy T. Griffith

President of Speedway LLC

Glenn M. Plumby

Executive Vice President and Chief Operating Officer, Speedway LLC

Key Stats

1.94 mean rating - 17 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

75.4K

2018

97.1K

2019

124.9K

2020(E)

95.0K
EPS (USD)

2017

3.890

2018

6.140

2019

4.940

2020(E)

-2.157
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.19
Price To Book (MRQ)
0.96
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
131.22
LT Debt To Equity (MRQ)
124.12
Return on Investment (TTM)
-10.62
Return on Equity (TTM)
-7.90

Latest News

Latest News

Marathon Petroleum cuts spending by $1.4 billion as virus saps fuel demand

U.S. oil refiner Marathon Petroleum Corp <MPC.N> on Tuesday cut spending by 30% and detailed other measures to reduce costs, as widespread lockdowns to curb the spread of the COVID-19 pandemic pummel demand for oil and gas.

Marathon Petroleum runs plants at minimums but sees creep in gasoline demand

Marathon Petroleum Corp is operating refineries at minimum rates but sees signs of recovery in demand for gasoline amid the coronavirus crisis, executives said on Tuesday.

Marathon Petroleum runs plants at minimums but sees creep in gasoline demand

Marathon Petroleum Corp is operating refineries at minimum rates but sees signs of recovery in demand for gasoline amid the coronavirus crisis, executives said on Tuesday.

Marathon Petroleum takes $12.4 bln impairment hit as virus destroys fuel demand

U.S. oil refiner Marathon Petroleum Corp on Tuesday reported a loss in the first quarter on $12.4 billion in impairment charges, as widespread lockdowns to contain the spread of the COVID-19 pandemic pummeled demand for oil and gas.

Marathon Petroleum warns of loss, up to $7.8 billion hit on oil rout

Marathon Petroleum Corp <MPC.N>, the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 billion write-down from a sharp fall in fuel demand.

CORRECTED-BRIEF-Marathon Petroleum Sees Q1 Rev and Other Income $24.1 Bln To $26.7 Bln

* EXPECT TO DEFER OR DELAY CERTAIN CAPITAL EXPENDITURES THAT WE HAD EXPECTED TO MAKE IN 2020.

Marathon Petroleum expects to book charges of up to $7.8 bln on oil price crash

Marathon Petroleum Corp said on Wednesday it would book goodwill impairment charges totaling $7.3 billion to $7.8 billion in the first quarter resulting from a sharp fall in oil prices.

UPDATE 2-Marathon Petroleum names midstream boss as new CEO, to retain unit

Marathon Petroleum Corp on Wednesday tapped the head of its midstream business, Michael Hennigan, as its new chief executive officer and said it will retain the unit despite demands from shareholder Elliott Management to separate it.

Marathon to retain midstream business, names new CEO

Marathon Petroleum Corp said it will retain the current structure of its midstream business, concluding a long-drawn strategic review of the unit it had undertaken after pressure from shareholders lead by Elliott Management.

Marathon Los Angeles Refinery employee tests positive for coronavirus -sources

An employee at Marathon Petroleum Corp’s Los Angeles refinery tested positive for the coronavirus and went into self-quarantine on Wednesday, said three sources familiar with the matter.

Japan's Seven & i to drop $22 billion bid for Speedway gas stations in U.S. -source

Japan's Seven & i Holdings has decided to abandon its proposed $22 billion acquisition of Marathon Petroleum Corp's Speedway gas stations in the United States, a person familiar with the matter told Reuters.

UPDATE 4-Fire causes partial shutdown at Marathon's California refinery

A portion of Marathon Petroleum Corp's 363,000 barrel-per-day Carson refinery in California has been shut following a fire, the company said on Wednesday.

Marathon profit plunges on $1.2 billion pipeline unit writedown

Marathon Petroleum Corp's <MPC.N> quarterly profit halved as the U.S. refiner was forced to write down $1.2 billion goodwill in its pipeline and transportation business that has failed to perform since Marathon acquired it two years ago.

Marathon Petroleum profit falls 53% on $1.2 bln charge

U.S. refiner Marathon Petroleum Corp reported a 53% fall in quarterly profit on Wednesday, as it took a $1.2 billion pre-tax charge primarily related to goodwill impairment in its limited partnership MPLX.

Marathon Petroleum to change CEO, split company after hedge fund campaign

Marathon Petroleum Corp <MPC.N> chief Gary Heminger will leave next year, the largest U.S. independent refiner said on Thursday, adding it would launch a sweeping restructuring demanded by activist investors, including the spinoff of retail operations.

Marathon Petroleum to spin off gas station unit, review midstream assets

Marathon Petroleum Corp said on Thursday it will spin off its gas station business Speedway and review the midstream assets, conceding to some of the demands made by activist investors Elliott Management Corp and DE Shaw & Co.

Marathon heads into earnings targeted by activist investors

Marathon Petroleum Corp will release earnings on Thursday at a time when activist investors are pressuring company executives to make major changes, including potentially spinning off its retail gasoline unit that enjoyed strong margins in the most recent quarter.

Marathon Petroleum mulls selling two refineries: Bloomberg

U.S. refiner Marathon Petroleum Corp, which is under pressure from activist investor Elliott Management Corp, is considering the sale of two plants in Alaska and Utah, Bloomberg reported, citing people familiar with the matter.

Major Marathon Petroleum shareholders seek CEO ouster - WSJ

Two major shareholders of Marathon Petroleum Corp have called for the ouster of the fuel maker's Chief Executive Officer Gary Heminger, the Wall Street Journal reported on Friday.

Elliott revives call to split Marathon Petroleum into three

Elliott Management Corp on Wednesday urged Marathon Petroleum Corp <MPC.N> to split into three companies, saying it would boost shareholder value by as much as $40 billion, three years after the activist hedge fund asked the refiner to consider spinning off businesses.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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