Marathon Petroleum Corporation (MPC) Stock

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) functions as a prominent integrated energy enterprise, primarily concentrating its downstream operations across the United States. Its business is bifurcated into two main divisions: Refining & Marketing, and Midstream. The Refining & Marketing segment is responsible for processing crude oil and various other raw materials at its refineries, strategically located in the U.S. Gulf Coast, Mid-Continent, and West Coast regions. This division also acquires refined petroleum products and ethanol for subsequent distribution. Key outputs from this segment encompass a diverse array of transportation fuels, including different gasoline blends, heavy fuel oil, and asphalt. Additionally, it manufactures chemicals such as aromatics, propane, propylene, and sulfur. MPC sells these refined goods through multiple channels, including wholesale marketers domestically and globally, purchasers on the open spot market, and independent entrepreneurs who manage primarily Marathon-branded retail locations. It also supplies fuel via long-term agreements to direct dealer sites, predominantly under the ARCO brand. The Midstream segment handles the comprehensive movement, storage, distribution, and commercialization of crude oil and refined products. This is achieved through its extensive network of refining logistics assets, pipelines, terminals, towboats, and barges. Moreover, this segment engages in the collection, processing, and transportation of natural gas, alongside the gathering, transport, fractionation, storage, and marketing of natural gas liquids. By December 31, 2021, the corporation supported 7,159 branded jobber retail points, managed by independent entrepreneurs, spanning 37 U.S. states, the District of Columbia, and Mexico. Marathon Petroleum Corporation, established in 1887, maintains its corporate headquarters in Findlay, Ohio.

Marathon Petroleum Corporation is led by CEO Maryann T. Mannen, employs 18,300 people, headquartered in Findlay, US, publicly traded since 2011.

Marathon Petroleum Corporation (MPC) stock trades at $308.72 with a market capitalization of $90.13B. The stock is valued at a price-to-earnings (P/E) ratio of 19.52, price-to-book of 5.27, price-to-sales of 0.64. Over the past 52 weeks the stock has ranged between $158.00 and $324.69, and currently trades 4.9% below its 52-week high. It pays a dividend yielding 1.34%.

On profitability, Marathon Petroleum Corporation generates a return on equity (ROE) of 27.33% — well above the market average, a sign of a high-quality business, return on capital employed of 10.69%, an operating margin of 5.02%, a net profit margin of 3.41%.

In its most recent fiscal year, Marathon Petroleum Corporation reported annual revenue of $132.7B, net profit of $4.0B, revenue has compounded at 13.7% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 2.05 — a leveraged balance sheet worth monitoring, a current ratio of 1.18, total assets of $85.6B, $3.7B in cash and equivalents.

MPC has an average daily trading volume of 2,369,500 shares, a beta of 0.52 (less volatile than the overall market).

Official website: www.marathonpetroleum.com