Marathon Petroleum Corp (N:MPC)
Business Focus: Oil & Gas Refining and Marketing
| Sector: Energy | Industry: Oil & Gas Refining and Marketing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 539 SOUTH MAIN STREET FINDLAY OH 45840-3229 |
| Tel: | N/A |
| Website: | https://www.marathonpetroleum.com |
| IR: | See website |
| Key People | ||
| Maryann T. Mannen President | Kristina A. Kazarian Vice President - Finance and Investor Relations | Michael J. Hennigan Chief Executive Officer, Director |
| John J. Quaid Chief Financial Officer, Executive Vice President | Fiona C. Laird Chief Human Resource Officer, Senior Vice President - Communications | Timothy J. Aydt Executive Vice President - Refining |
| David R. Heppner Senior Vice President - Strategy and Business Development | Ehren D. Powell Senior Vice President, Chief Digital Officer | James R. Wilkins Senior Vice President - Health, Environment, Safety and Security | Erin M. Brzezinski Principal Accounting Officer, Vice President, Controller |
| Business Overview |
| Marathon Petroleum Corporation is an integrated, downstream energy company. The Company operates through two segments: Refining & Marketing and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks, including renewable feedstocks, at its refineries in the Gulf Coast, Mid-Continent and West Coast regions of the United States. The Company sells refined products to wholesale marketing customers domestically and internationally, to buyers on the spot market, to independent entrepreneurs who operate primarily Marathon branded outlets and through long-term supply contracts with direct dealers who operate locations mainly under the ARCO brand. The Midstream segment gathers, transports, stores and distributes crude oil, refined products, including renewable diesel, and other hydrocarbon-based products principally for the Refining & Marketing segment via refining logistics assets, pipelines, terminals, towboats and barges, and others. |
| Financial Overview |
| For the three months ended 31 March 2024, Marathon Petroleum Corp revenues decreased 5% to $33.19B. Net income applicable to common stockholders decreased 66% to $936M. Revenues reflect Refining & Marketing segment decrease of 6% to $31.49B. Net income also reflects Selling, General and Administrative exp. increase of 13% to $779M (expense), Depreciation and amortization increase of 3% to $827M (expense). |
| Employees: | 18,200 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $81,292M as of Mar 31, 2024 |
| Annual revenue (TTM): | $148,207M as of Mar 31, 2024 |
| EBITDA (TTM): | $15,155M as of Mar 31, 2024 |
| Net annual income (TTM): | $7,888M as of Mar 31, 2024 |
| Free cash flow (TTM): | $8,351M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $19,715M as of Mar 31, 2024 |
| Shares outstanding: | 352,330,482 as of Apr 26, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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