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Marathon Petroleum/$MPC

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About Marathon Petroleum

Marathon Petroleum is a leading integrated downstream and midstream energy company that operates 13 refineries in the Gulf Coast, midcontinent, and West Coast regions of the United States with an aggregate crude oil refining capacity of 3.0 million barrels per day. The company is one of the largest producers of renewable diesel in the US; its Dickinson, North Dakota, facility has the capacity to produce 184 million gallons per year, and its Martinez, California, joint venture facility (a 50/50 partnership with Neste) reached its full capacity of 730 million gallons per year in late 2024. Marathon also owns the general partner and approximately 64% of MPLX LP, a large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets.
Ticker
$MPC
Sector
Energy
Primary listing
NYSE
Employees
18,500

MPC Metrics

BasicAdvanced
$103B
7.52
$50.21
0.51
$4.00
1.06%

What the Analysts think about MPC

Analyst ratings (Buy, Hold, Sell) for Marathon Petroleum stock.
Analyst projections of the future price of Marathon Petroleum stock.

Bulls say / Bears say

MPC’s refining system delivered $11.7 billion of adjusted EBITDA in the third quarter, with 100% crude capacity utilisation and a $45.70-per-barrel refining margin. This shows how strongly the company can convert tight fuel markets and high plant utilisation into earnings. (Marathon Petroleum Corporation)
MPC returned $3.3 billion to shareholders in the quarter, raised its dividend by 10% and added $5 billion to its share-repurchase authorisation. Strong cash generation is translating into substantial direct shareholder returns. (Marathon Petroleum Corporation)
MPLX’s higher distributions provide MPC with a growing source of cash beyond refining: MPC expects $3.1 billion in annual distributions after MPLX raised its quarterly payout by 12.5% for the third year running. MPLX is also investing in gas and NGL infrastructure to support further growth. (Marathon Petroleum Corporation, The Motley Fool)
The exceptional third-quarter result depended on unusually strong refining margins, which Reuters linked to fuel-supply disruptions from conflicts in Iran and Ukraine. If those disruptions ease and margins normalise, earnings could fall sharply from this level. (Reuters, Marathon Petroleum Corporation)
Planned maintenance will weigh on the near-term outlook: MPC forecasts fourth-quarter refinery throughput of 3.08 million barrels per day, down from 3.15 million in the third quarter, and $230 million of turnaround costs. That leaves less capacity available to benefit if margins stay strong. (Marathon Petroleum Corporation)
The planned sale of the Mandan and St. Paul Park refineries will reduce MPC’s refining capacity from about 3.0 million to 2.8 million barrels per day. The proceeds are intended for reinvestment, but the company will give up the earnings and cash flow from those assets unless new investments replace them. (Marathon Petroleum Corporation)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2026.

MPC Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

MPC Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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