Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates in two segments: Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets; and transportation fuels through long-term fuel supply contracts to direct dealer locations, primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company also sell refined products for export to international customers. As of December 31, 2020, it operated 7,090 branded outlets in 35 states, the District of Columbia, and Mexico through independent entrepreneurs. The company also operates crude oil and refined product pipelines. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
IPO Year:
Exchange: NYSE
Website: marathonpetroleum.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/6/2025 | $190.00 → $182.00 | Buy | TD Cowen |
| 7/15/2025 | $200.00 | Strong Buy → Outperform | Raymond James |
| 7/14/2025 | Outperform → Peer Perform | Wolfe Research | |
| 6/18/2025 | $170.00 | In-line | Evercore ISI |
| 6/10/2025 | $152.00 → $163.00 | Buy | TD Cowen |
| 5/7/2025 | $142.00 → $152.00 | Buy | TD Cowen |
| 12/10/2024 | $170.00 | Buy | TD Cowen |
| 11/6/2024 | $174.00 → $170.00 | Buy | TD Cowen |
| 10/17/2024 | $174.00 | Neutral | BofA Securities |
| 9/9/2024 | Buy → Sell | Tudor, Pickering, Holt & Co. |
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Buy and set a new price target of $182.00 from $190.00 previously
Raymond James downgraded Marathon Petroleum from Strong Buy to Outperform and set a new price target of $200.00
Wolfe Research downgraded Marathon Petroleum from Outperform to Peer Perform
Evercore ISI initiated coverage of Marathon Petroleum with a rating of In-line and set a new price target of $170.00
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Buy and set a new price target of $163.00 from $152.00 previously
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Buy and set a new price target of $152.00 from $142.00 previously
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Buy and set a new price target of $170.00
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Buy and set a new price target of $170.00 from $174.00 previously
BofA Securities resumed coverage of Marathon Petroleum with a rating of Neutral and set a new price target of $174.00
Tudor, Pickering, Holt & Co. downgraded Marathon Petroleum from Buy to Sell
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4 - Marathon Petroleum Corp (0001510295) (Issuer)
4 - Marathon Petroleum Corp (0001510295) (Issuer)
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4 - Marathon Petroleum Corp (0001510295) (Issuer)
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FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Announced Northwind Midstream acquisition for $2.375 billion enhances Permian Natural Gas and NGL value chain and accelerates future growth opportunitiesSecond-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.7 billionAdjusted EBITDA attributable to MPLX of $1.7 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.4 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported second-quarter 2025 net income attributable to MPLX of $1,048 million, compared with $1,176 million for the second quarter of 2024. For the first half
FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Second-quarter net income attributable to MPC of $1.2 billion, or $3.96 per diluted share$3.3 billion of adjusted EBITDA, driven by refining execution and commercial excellence; and continued Midstream strengthProgressed Permian Natural Gas & NGL growth strategies with MPLX's announced acquisition of Northwind Midstream$1.0 billion of capital returned, inclusive of $692 million of share repurchasesMarathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.2 billion, or $3.96 per diluted share, for the second quarter of 2025, compared with net income attributable to MPC of $1.5 billion, or $4.33 per diluted share, for
FINDLAY, Ohio, July 30, 2025 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE:MPC) has declared a dividend of $0.91 per share on common stock. The dividend is payable Sept. 10, 2025, to shareholders of record as of the close of business Aug. 20, 2025. About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in
FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 5, 2025, at 11 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company headquartered in
FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipelineFirst-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.2 billionAdjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported first-quarter 2025 net income attributable to MPLX of $1,126 million, compared with $1,005 million for the first quarter of 2024. Adjusted earnings before interest
FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- First-quarter net loss attributable to MPC of $(74) million, or $(0.24) per diluted share mainly due to execution of second largest planned maintenance quarter in MPC history$2.0 billion of adjusted EBITDA, supported by the strength of the Midstream businessExecuting Natural Gas & NGL growth strategy with MPLX's agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipeline$1.3 billion of capital returned, inclusive of $1.1 billion of share repurchasesMarathon Petroleum Corp. (NYSE: MPC) today reported net loss attributable to MPC of $(74) million, or $(0.24) per diluted share, for the first quarter of 2025, compared
FINDLAY, Ohio, April 30, 2025 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE:MPC) has declared a dividend of $0.91 per share on common stock. The dividend is payable June 10, 2025, to shareholders of record as of the close of business May 21, 2025. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and opera
SILICON VALLEY, Calif., April 22, 2025 /PRNewswire/ -- Pegasus Tech Ventures, a global venture capital firm, will hold a Startup Pitch Contest during San Francisco Climate Week on April 23, 2025. The event will focus on emerging energy solutions, allowing innovative startups to present their transformative technologies in areas such as: Pegasus Tech Ventures to host a Startup Pitch Competition during San Francisco Climate WeekEnergy industry modernization,Energy supply chain optimization,Artificial intelligence and machine learning, andClimate technologies.The winning startup
FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 6, 2025, at 11 a.m. EDT to discuss 2025 first-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio.
OKLAHOMA CITY, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) today announced a new investment and strategic collaboration with Marathon Petroleum Corporation (NYSE:MPC) to advance its lignocellulosic biomass refining solutions to commercial maturity. Comstock Fuels Corporation ("Comstock Fuels"), a subsidiary of Comstock Inc., has entered into a series of definitive agreements with subsidiaries of Marathon Petroleum Corporation ("Marathon"), involving the purchase of $14,000,000 in Comstock Fuels equity ("Investment"). The Investment includes $1,000,000 in cash and $13,000,000 in payment-in-kind assets ("Payment-In-Kind Assets") by Marathon, comprised of equipment, related
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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Live Leadership Updates
Maryann Mannen elected President and CEOMike Hennigan to transition to Executive Chairman of the Board of DirectorsFINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced its leadership transition plan, effective August 1, 2024. At that time, Maryann T. Mannen, President of Marathon Petroleum Corporation (NYSE:MPC), will succeed Michael J. Hennigan as President and Chief Executive Officer of MPLX GP LLC, the general partner of MPLX. Mannen will continue to serve on the Board of Directors of the general partner of MPLX, and Hennigan will assume the role of Executive Chairman of the Board. Christopher A. Helms will continue as the Board's independent Lead Director. Hen
Maryann Mannen elected President and CEO, will join the Board of DirectorsMike Hennigan to transition from CEO to Executive Chairman of the Board of DirectorsJohn Surma elected Lead Independent DirectorFINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) today announced its leadership transition plan, with all positions effective August 1, 2024. At that time, MPC President Maryann T. Mannen will succeed Michael J. Hennigan as Chief Executive Officer and will join the Board of Directors; Hennigan will transition from CEO to Executive Chairman of the Board; and, continuing as the Board's strong independent voice, MPC Chairman John Surma has been elected to serve as L
ADM (NYSE:ADM) and Marathon Petroleum Corp. (NYSE:MPC) today celebrated the opening of their joint venture soybean processing complex, Green Bison Soy Processing, with a ribbon-cutting ceremony. The Green Bison facility in Spiritwood is North Dakota's first dedicated soybean processing complex, and is a major step towards meeting increased demand for renewable fuels, in this case renewable green diesel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231114108080/en/ Green Bison Soy Processing will source and process local soybeans, with the resulting oil supplied exclusively to Marathon as a feedstock for renewable fuels. The fa
X-Energy Reactor Company, LLC ("X-energy" or the "Company"), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Gregory J. Goff to the Company's Board of Directors (the "Board"), effective immediately. Mr. Goff currently serves on the boards of Exxon Mobil Corporation (NYSE:XOM) ("Exxon") and Avient Corporation (NYSE:AVNT) ("Avient"). Mr. Goff is also the founder and president of G&S Energy, a company focused on creating businesses in the energy sector, and GJG Development, a real estate development company. Previously, Mr. Goff served as the Executive Vice Chairman of Marathon Petroleum Corp
FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the company as Executive Vice President and Chief Financial Officer effective January 25. Ms. Mannen will succeed retiring CFO Donald C. Templin. "Having spent nearly a decade as CFO in the energy services and manufacturing sectors, Maryann brings the financial acumen and strategic leadership experience critical for delivering our business transformation objectives, including strict capital discipline and overall expense management to lower our cost structure," said President and Chief Executive Officer Michael J. Hennigan. "I'm excited for the perspec
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FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Announced Northwind Midstream acquisition for $2.375 billion enhances Permian Natural Gas and NGL value chain and accelerates future growth opportunitiesSecond-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.7 billionAdjusted EBITDA attributable to MPLX of $1.7 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.4 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported second-quarter 2025 net income attributable to MPLX of $1,048 million, compared with $1,176 million for the second quarter of 2024. For the first half
FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Second-quarter net income attributable to MPC of $1.2 billion, or $3.96 per diluted share$3.3 billion of adjusted EBITDA, driven by refining execution and commercial excellence; and continued Midstream strengthProgressed Permian Natural Gas & NGL growth strategies with MPLX's announced acquisition of Northwind Midstream$1.0 billion of capital returned, inclusive of $692 million of share repurchasesMarathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.2 billion, or $3.96 per diluted share, for the second quarter of 2025, compared with net income attributable to MPC of $1.5 billion, or $4.33 per diluted share, for
FINDLAY, Ohio, July 30, 2025 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE:MPC) has declared a dividend of $0.91 per share on common stock. The dividend is payable Sept. 10, 2025, to shareholders of record as of the close of business Aug. 20, 2025. About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in
FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 5, 2025, at 11 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company headquartered in
FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipelineFirst-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.2 billionAdjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported first-quarter 2025 net income attributable to MPLX of $1,126 million, compared with $1,005 million for the first quarter of 2024. Adjusted earnings before interest
FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- First-quarter net loss attributable to MPC of $(74) million, or $(0.24) per diluted share mainly due to execution of second largest planned maintenance quarter in MPC history$2.0 billion of adjusted EBITDA, supported by the strength of the Midstream businessExecuting Natural Gas & NGL growth strategy with MPLX's agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipeline$1.3 billion of capital returned, inclusive of $1.1 billion of share repurchasesMarathon Petroleum Corp. (NYSE: MPC) today reported net loss attributable to MPC of $(74) million, or $(0.24) per diluted share, for the first quarter of 2025, compared
FINDLAY, Ohio, April 30, 2025 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE:MPC) has declared a dividend of $0.91 per share on common stock. The dividend is payable June 10, 2025, to shareholders of record as of the close of business May 21, 2025. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and opera
FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 6, 2025, at 11 a.m. EDT to discuss 2025 first-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio.
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Progresses Gulf Coast NGL strategy with announcement of fractionation complex and export terminalFull-year 2024 net income attributable to MPLX of $4.3 billion and adjusted EBITDA of $6.8 billion, up 10% and 8%, respectively, year over year$3.9 billion of capital returned to unitholders in 2024, reflecting 12.5% quarterly distribution increase and $326 million of unit repurchases2025 capital spending outlook of $2.0 billion, anticipating mid-teen returnsMPLX LP (NYSE:MPLX) today reported fourth-quarter 2024 net income attributable to MPLX of $1,099 million, compared with $1,134 million for the fourth quarter of 2023. Adjusted earnings before inter
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Fourth-quarter net income attributable to MPC of $371 million, or $1.15 per diluted share; adjusted net income of $249 million, or $0.77 per adjusted diluted shareProgresses Midstream Gulf Coast NGL strategy with MPLX's announcement of fractionation complex and export terminal$10.2 billion of capital returned to shareholders through share repurchases and dividends in 2024Expect distributions from MPLX in 2025 will cover MPC's dividends and $1.25 billion standalone capital outlookMarathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $371 million, or $1.15 per diluted share, for the fourth quarter of 2024, compared wit
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