headquartered in findlay, ohio, marathon petroleum corporation (mpc), together with its subsidiaries, including marathon petroleum company lp and speedway llc, is one of the largest petroleum product refiners, marketers and transporters in the united states. mpc is the nation’s fourth-largest refiner and the largest refiner in the midwest. mpc’s refining, marketing and transportation operations are concentrated primarily in the midwest, gulf coast and southeast regions of the u.s. mpc operations are strategically located to serve major markets. they include a seven-plant refining network, a comprehensive terminal and transportation system, and extensive wholesale and retail marketing operations. this includes both the marathon brand and mpc’s wholly-owned retail marketing subsidiary, speedway llc, the nation’s fourth-largest chain of company-owned and -operated retail gasoline and convenience stores.
![Marathon Petroleum logo](/files/LOGO/1510295-MPC.png)
Company profile
Ticker
MPC
Exchange
Website
CEO
Michael Hennigan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
631 South Main Street Development LLC • Alden Group • Andeavor Field Services LLC • Andeavor Gathering I LLC • Andeavor LLC • Andeavor Logistics CD LLC • Andeavor Logistics LLC • Andeavor Midstream Partners GP LLC • Andeavor Midstream Partners LP • Andeavor Midstream Partners Operating LLC ...
IRS number
271284632
MPC stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
13 May 24
10-Q
2024 Q1
Quarterly report
30 Apr 24
8-K
Marathon Petroleum Corp. Reports First-Quarter 2024 Results
30 Apr 24
8-K
Amendments to Articles of Incorporation or Bylaws
26 Apr 24
ARS
2023 FY
Annual report to shareholders
14 Mar 24
DEFA14A
Additional proxy soliciting materials
14 Mar 24
DEF 14A
Definitive proxy
14 Mar 24
PRE 14A
Preliminary proxy
4 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Departure of Directors or Certain Officers
31 Jan 24
Transcripts
MPC
Earnings call transcript
2024 Q1
30 Apr 24
MPC
Earnings call transcript
2023 Q4
30 Jan 24
MPC
Earnings call transcript
2023 Q3
31 Oct 23
MPC
Earnings call transcript
2023 Q2
1 Aug 23
MPC
Earnings call transcript
2023 Q1
2 May 23
MPC
Earnings call transcript
2022 Q4
31 Jan 23
MPC
Earnings call transcript
2022 Q3
1 Nov 22
MPC
Earnings call transcript
2022 Q2
2 Aug 22
MPC
Earnings call transcript
2022 Q1
3 May 22
MPC
Earnings call transcript
2021 Q4
2 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.18 bn | 3.18 bn | 3.18 bn | 3.18 bn | 3.18 bn | 3.18 bn |
Cash burn (monthly) | 756.33 mm | 399.00 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 2.92 bn | 1.54 bn | n/a | n/a | n/a | n/a |
Cash remaining | 252.54 mm | 1.63 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 0.3 | 4.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
72.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1594 |
Opened positions | 441 |
Closed positions | 117 |
Increased positions | 387 |
Reduced positions | 524 |
13F shares | Current |
---|---|
Total value | 48.14 tn |
Total shares | 254.14 mm |
Total puts | 3.47 mm |
Total calls | 5.53 mm |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 35.08 mm | $7.07 tn |
BLK Blackrock | 30.01 mm | $6.05 tn |
STT State Street | 24.02 mm | $4.84 tn |
Geode Capital Management | 7.43 mm | $1.49 tn |
Elliott Investment Management | 7.37 mm | $1.48 tn |
MS Morgan Stanley | 7.19 mm | $1.45 tn |
FMR | 5.72 mm | $1.15 tn |
Dimensional Fund Advisors | 4.87 mm | $981.50 bn |
AMP Ameriprise Financial | 4.83 mm | $974.09 bn |
BK Bank Of New York Mellon | 4.79 mm | $964.84 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 24 | Khayyal Abdulaziz Fahd Al | Common Stock | Grant | Acquire A | No | No | 0 | 225.27 | 0.00 | 22,393.629 |
1 Jul 24 | Bayh Evan | Common Stock | Grant | Acquire A | No | No | 0 | 225.27 | 0.00 | 67,136.316 |
1 Jul 24 | Bunch Charles E | Common Stock | Grant | Acquire A | No | No | 0 | 225.27 | 0.00 | 33,608.56 |
1 Jul 24 | Cohen Jonathan Z | Common Stock | Grant | Acquire A | No | No | 0 | 225.27 | 0.00 | 13,040.768 |
1 Jul 24 | Eileen P. Drake | Common Stock | Grant | Acquire A | No | No | 0 | 225.27 | 0.00 | 496.616 |
News
A Closer Look at Marathon Petroleum's Options Market Dynamics
26 Jul 24
Here's How Much $1000 Invested In Marathon Petroleum 10 Years Ago Would Be Worth Today
24 Jul 24
Wolfe Research Reinstates Outperform on Marathon Petroleum
18 Jul 24
Marathon Petroleum Unusual Options Activity
18 Jul 24
Jefferies Maintains Buy on Marathon Petroleum, Raises Price Target to $231
15 Jul 24
Press releases
Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 6, 2024
11 Jun 24
Even in Summer, U.S. Refiners Keep Tabs on Maintenance, an Industrial Info News Alert
5 Jun 24
Marathon Petroleum Corp. Announces Leadership Transition Effective August 1, 2024
13 May 24
MPLX LP Announces Leadership Transition Effective August 1, 2024
13 May 24
MPLX LP Reports First-Quarter 2024 Financial Results
30 Apr 24