OverviewSuggest Edit

Marathon Petroleum Corporation (MPC) is a petroleum product refining, marketing, retail, and midstream company. It operates in three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks, purchases refined products and ethanol for resale, and distributes refined products. The Retail segment sells transportation fuels and convenience products through company-owned and operated convenience stores primarily under the Speedway brand and long-term fuel supply contracts with direct dealers. The Midstream segment transports, stores, distributes, and markets crude oil and refined products via refining logistics assets, pipelines, terminals, towboats and barges, as well as gathers, processes, and transports natural gas.

TypePublic
Founded2009
HQFindlay, US
Websitemarathonpetroleum.com
Employee Ratings3.6

Locations

Marathon Petroleum is headquartered in
Findlay, United States

Location Map

Latest Updates

Employees (est.) (Dec 2018)60,350(+38%)
Job Openings58
Revenue (FY, 2019)$123.9 B(+30%)
Share Price (Oct 2020)$28.8 (-1%)
Cybersecurity ratingBMore

Key People/Management at Marathon Petroleum

Michael J. Hennigan

Michael J. Hennigan

President and Chief Executive Officer, Director
John P. Surma

John P. Surma

Non-Executive Chairman
Raymond L. Brooks

Raymond L. Brooks

Executive Vice President, Refining
Donald C. Templin

Donald C. Templin

Executive Vice President and Chief Financial Officer
Fiona C. Laird

Fiona C. Laird

Chief Human Resources Officer
C. Tracy Case

C. Tracy Case

Senior Vice President, Western Refining Operations
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Marathon Petroleum Office Locations

Marathon Petroleum has offices in Findlay, Anacortes, Anchorage, Canton and in 14 other locations
Findlay, US (HQ)
539 S Main St
Anacortes, US
1004 Commercial Ave
Anchorage, US
1076 Ocean Dock Rd
Canton, US
2408 Gambrinus Ave SW
Carson, US
2350 E 223rd St
Catlettsburg, US
11631 US-23
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Marathon Petroleum Financials and Metrics

Marathon Petroleum Revenue

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Marathon Petroleum's revenue was reported to be $123.95 b in FY, 2019
USD

Revenue (Q2, 2020)

15.0b

Gross profit (Q2, 2020)

1.2b

Gross profit margin (Q2, 2020), %

8.3%

Net income (Q2, 2020)

276.0m

EBIT (Q2, 2020)

981.0m

Market capitalization (21-Oct-2020)

18.8b

Closing stock price (21-Oct-2020)

28.8

Cash (30-Jun-2020)

1.1b

EV

52.3b
Marathon Petroleum's current market capitalization is $18.8 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

63.3b74.1b95.8b123.9b

Revenue growth, %

(12%)17%29%

Cost of goods sold

49.2b58.8b85.5b110.2b

Gross profit

14.2b15.3b10.3b13.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

16.3b18.0b19.1b18.7b22.1b22.8b28.1b33.5b31.0b25.2b15.0b

Cost of goods sold

13.1b14.2b14.6b17.4b19.5b20.5b25.8b29.7b27.3b22.8b13.8b

Gross profit

3.2b3.9b4.4b1.3b2.6b2.3b2.3b3.9b3.7b2.4b1.2b

Gross profit Margin, %

19%21%23%7%12%10%8%12%12%9%8%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

887.0m3.0b1.7b1.5b

Accounts Receivable

3.6b4.7b5.9b7.9b

Prepaid Expenses

528.0m

Inventories

5.7b5.6b9.8b10.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

2.2b1.5b2.1b4.7b5.0b5.0b877.0m1.2b1.5b1.7b1.1b

Accounts Receivable

3.3b3.3b3.9b4.6b4.9b5.4b6.9b7.6b7.5b5.6b4.4b

Inventories

5.4b5.5b5.5b5.1b5.5b5.3b9.8b9.1b9.7b7.4b8.1b

Current Assets

11.0b10.4b11.6b14.5b15.5b15.9b18.2b18.4b19.1b15.7b14.6b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.2b3.8b3.6b3.3b

Depreciation and Amortization

2.0b2.1b2.5b3.6b

Inventories

(70.0m)106.0m931.0m(366.0m)

Accounts Payable

985.0m2.8b(2.8b)2.5b
Quarterly
USDFY, 2016

Revenue/Employee

1.4m

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.2 x
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Marathon Petroleum Operating Metrics

FY, 2016FY, 2017FY, 2018

Crude Oil Capacity, Bbl/d

1.82 k1.88 m3.02 m

Refineries

7 6 16
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Marathon Petroleum Acquisitions / Subsidiaries

Company NameDateDeal Size
AndeavorApril 30, 2018$23.30 b
2Go Tesoro Company
631 South Main Street Development LLC
Andeavor Field Services LLC
Andeavor Gathering I LLC
Andeavor LLC
Andeavor Logistics CD LLC
Andeavor Logistics LP
Andeavor Logistics Rio Pipeline LLC
Andeavor Midstream Partners GP LLC
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Marathon Petroleum Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

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Marathon Petroleum Revenue Breakdown

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Marathon Petroleum revenue breakdown by business segment: 24.6% from Retail, 72.0% from Refining & Marketing and 3.4% from Other

Marathon Petroleum Online and Social Media Presence

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Marathon Petroleum Frequently Asked Questions

  • When was Marathon Petroleum founded?

    Marathon Petroleum was founded in 2009.

  • Who are Marathon Petroleum key executives?

    Marathon Petroleum's key executives are Michael J. Hennigan, John P. Surma and Raymond L. Brooks.

  • How many employees does Marathon Petroleum have?

    Marathon Petroleum has 60,350 employees.

  • What is Marathon Petroleum revenue?

    Latest Marathon Petroleum annual revenue is $123.9 b.

  • What is Marathon Petroleum revenue per employee?

    Latest Marathon Petroleum revenue per employee is $2.1 m.

  • Who are Marathon Petroleum competitors?

    Competitors of Marathon Petroleum include HollyFrontier, Valero Energy and Phillips 66.

  • Where is Marathon Petroleum headquarters?

    Marathon Petroleum headquarters is located at 539 S Main St, Findlay.

  • Where are Marathon Petroleum offices?

    Marathon Petroleum has offices in Findlay, Anacortes, Anchorage, Canton and in 14 other locations.

  • How many offices does Marathon Petroleum have?

    Marathon Petroleum has 18 offices.