Revenue segments as reported by the company.

Sales and other operating revenues

Income (loss) from equity method investments

Net gain on disposal of assets

Other income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

LCM inventory valuation adjustment

Impairment expense

Depreciation and amortization

Selling, general and administrative

Restructuring expenses

Other taxes

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Marathon Petroleum

Hess is an American global independent energy company engaged in the exploration and production of crude oil and natural gas. In 2014 Speedway, a subsidiary of Marathon Petroleum, purchased the retail operations of Hess Corporation for $2.82 billion

Hess

Speedway is the nation's second largest chain of corporate-owned convenience stores. Speedway is headquartered in Enon, Ohio, United States with locations operating under its namesake brand along the Midwestern and East Coast of the United States. Speedway LLC is a wholly owned subsidiary of the Marathon Petroleum Corporation and is the largest chain in central Ohio. Central to Speedway's brand is its Speedy Rewards loyalty program.

Speedway

Marathon Petroleum Corp. engages in the refining, marketing, and transportation of petroleum products. It operates through the Refining and Marketing, and Midstream segments. The Refining and Marketing segment includes refining crude oil and other feedstocks, purchasing ethanol, and refined products for resale and distribution of refined products. The Midstream segment refers to transportation, storing, distribution, and marketing of crude oil and refined products. The company was founded in 1887 and is headquartered in Findlay, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Marathon Petroleum reports robust Q4 performance and eyes growth opportunities

Marathon Petroleum's Q4 2022 performance reflects strong financial results and operational resilience. The company's focus on strategic partnerships, diversified investments, and market opportunities positions it well for future growth. Challenges related to market dynamics and supply chain disruptions require proactive management.

Marathon Petroleum (MPC) posts record Q1 earnings amidst market challenges

Marathon Petroleum (MPC) delivered strong financial performance in Q1 2023, driven by robust refining margins and strategic initiatives.
While facing challenges such as heavy turnaround expenses and market uncertainties, MPC remains focused on shareholder returns and sustainable growth.
The company's emphasis on low-carbon initiatives, margin capture strategies, and commercial improvements positions it well for future success.
Opportunities in renewable energy investments, consumer trends, and market dynamics offer avenues for MPC to further enhance its competitive position.

Marathon Petroleum (MPC) reports robust Q2 performance and strategic evolution

Marathon Petroleum (MPC) showcased strong financial performance, operational efficiency, and strategic evolution in Q2 2023.
Despite challenges in regulatory approvals and industry-wide refining delays, MPC remains well-positioned for growth.
Opportunities in market expansion, renewable investments, and product optimization offer avenues for future success.
Commitment to shareholder value through dividends, share repurchases, and sustainable practices underpins MPC's solid performance.

Marathon Petroleum posts stellar Q3 results, eyes growth opportunities ahead

Marathon Petroleum's Q3 performance reflects financial strength and operational efficiency, underpinned by a shareholder-friendly approach. While facing near-term challenges like turnaround expenses and regulatory compliance, the company is well-positioned to capitalize on growth opportunities through strategic focus and sustainable initiatives.

Marathon Petroleum posts robust 2023 results, eyes growth opportunities

Marathon Petroleum (MPC) reported strong financial performance in 2023, returning significant value to shareholders and emphasizing strategic capital allocation priorities.
The company's focus on margin improvement, reliability, and employee development underpins its competitive strengths and growth initiatives.
While facing challenges in capital allocation and maintaining shareholder returns, MPC sees opportunities in a favorable refining environment and targeted investments.
Overall, MPC remains optimistic about the future, leveraging its integrated system and operational excellence to drive sustained success and shareholder value.

Marathon Petroleum (MPC) reports robust Q1 earnings and growth opportunities

Marathon Petroleum (MPC) delivered strong financial results in Q1 2024 despite operational challenges, with a focus on safety, reliability, and strategic investments for long-term growth.
The company's optimistic outlook on the refining industry, coupled with increased cash distributions from MPLX and a significant share repurchase authorization, underscores MPC's commitment to enhancing shareholder value.
While facing challenges related to product margins, regulatory alignment, and market dynamics, MPC is well-positioned to leverage opportunities in the global refining market and drive sustainable growth.

Marathon Petroleum (MPC) reports robust Q2 earnings and strategic advancements

Marathon Petroleum (MPC) delivered strong Q2 earnings driven by operational excellence and robust cash generation amidst favorable market conditions.
The company's midstream segment, MPLX, made strategic advancements, enhancing MPC's value chain and positioning it for future growth.
While facing inquiries on dividend policy and market dynamics, MPC remains committed to safe operations, value creation, and strategic capital allocation.
With a focus on seizing growth opportunities and navigating challenges, MPC aims to sustain its performance and drive shareholder value in a dynamic market landscape.

Marathon Petroleum (MPC) reports robust Q3 earnings amid market challenges

Marathon Petroleum (MPC) delivered strong Q3 results with a focus on capital returns and operational excellence amidst market volatility.
While facing challenges in refining margins and analyst inquiries, MPC's strategic investments and commitment to safety position it for growth.
Opportunities lie in optimizing the portfolio, capitalizing on steady product demand, and enhancing operational efficiency for sustained success.

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MPLX

Prologis

Texas Instruments

MPLX offers an "off the board" choice that should be an attractive option for those seeking high yield stocks.  Prologis, the leading industrial real estate owner, is as cheap as it's been in years.

Down 34% to 57%, These Dividend Stocks Are Screaming Buys

Marathon Petroleum is America's largest pure-play refinery and has outperformed its peers in the energy industry over the past decade. Despite challenges such as subdued gasoline demand, MPC's strategic positioning and global market presence contribute to its success. MPC's recent financial performance, strong dividend growth, and attractive valuation make it a promising investment, although potential volatility should be considered.

Marathon Petroleum Is A Buyback Monster

In the third quarter, Marathon Petroleum (MPC) repurchased $2.8 billion of shares and a further $1 billion worth of shares in October.

Marathon (MPC) Q3 Earnings Top Despite a Decline in Margins

Phillips 66

Valero Energy

U.S. crude oil refiners this quarter will pull back from red-hot summer run rates as weak gasoline margins and plant overhauls cool operating goals, according to company statements and oil analysts.

US refiners to taper output, keep gasoline prices tame

Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Marathon Petroleum Corporation (MPC) Hits Fresh High: Is There Still Room to Run?

While the top- and bottom-line numbers for Marathon Petroleum (MPC) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Marathon Petroleum (MPC) Reports Q3 Earnings: What Key Metrics Have to Say

Marathon Petroleum is not planning to participate in the current auction process for shares in a parent of oil refiner Citgo Petroleum, executives said Tuesday.

Marathon rules out participating in Citgo refinery asset auction

Marathon Petroleum Corp. (NYSE:MPC ) Q3 2023 Results Conference Call October 31, 2023 11:00 AM ET Company Participants Kristina Kazarian - VP, Finance and IR Mike Hennigan - CEO Maryann Mannen - CFO Rick Hessling - SVP, Global Feedstocks Brian Partee - SVP, Global Clean Products Dave Heppner - SVP, Strategy and Business Development Jim Wilkins - SVP, Health, Environment, Safety and Security Tim Aydt - EVP, Refining Conference Call Participants Manav Gupta - UBS Doug Leggate - Bank of America Paul Cheng - Scotiabank Sam Margolin - Wolfe Research Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Theresa Chen - Barclays Matthew Blair - TPH Ryan Todd - Piper Sandler Operator Welcome to the MPC Third Quarter 2023 Earnings Call. My name is Sheila and I will be your operator for today's call.

Marathon Petroleum Corp. (MPC) Q3 2023 Earnings Call Transcript

Marathon Petroleum (MPC) came out with quarterly earnings of $8.14 per share, beating the Zacks Consensus Estimate of $7.79 per share. This compares to earnings of $7.81 per share a year ago.

Marathon Petroleum (MPC) Beats Q3 Earnings and Revenue Estimates

Andersons

Harmony Gold Mining Co Ltd

Global tensions create fear as investors flock from riskier investments to safer assets - a phenomenon known as a flight to safety trade. The goal of a flight to safety trade is to preserve capital and mitigate risks until more favorable market conditions return. Notably, all 3 recommendations in this article are +30% this year. Gold is up ~10% YTD, oil +3% YTD, and the defensive sector is largely flat against the S&P 500 -2.6% over the last four weeks.

The New Flight To Safety Trade: Gold, Oil, And Defensive Stocks

FINDLAY, Ohio , Oct. 31, 2023 /PRNewswire/ -- Reported third-quarter net income attributable to MPLX of $918 million and generated net cash provided by operating activities of $1,244 million Adjusted EBITDA attributable to MPLX of $1,596 million and distributable cash flow of $1,373 million Returned $799 million in capital to unitholders through distributions Announced quarte rly distribution increase of 10% to $0.85 per unit, or $3.40 per unit annualized MPLX LP (NYSE: MPLX) today reported third-quarter 2023 net income attributable to MPLX of $918 million, compared with $1,428 million for the third quarter of 2022. Third-quarter 2022 net income included a $509 million non-cash gain from the reclassification of a third-party contract.

MPLX LP Reports Third-Quarter 2023 Financial Results

Marathon Petroleum beat estimates for third-quarter profit on Tuesday, as the refiner benefited from strong demand for fuel and refined products amid tight supplies.

Marathon Petroleum beats Q3 profit

FINDLAY, Ohio , Oct. 31, 2023 /PRNewswire/ -- Third -quarter net income attributable to MPC of $3.3 billion , or $8.28 per diluted share; adjusted net income of $3.2 billion, or $8.14 per adjusted diluted share Adjusted EBITDA of $5.7 billion; net cash provided by operating activities of $5.0 billion, reflecting continued strong cash generation MPLX increases distribution 10%; MPC expects to receive an incremental $200 million, for a total of $2.2 billion annually Returned $3.1 billion of capital through $2.8 billion of share repurchases and $297 million of dividends Announced quarterly dividend increase of approximately 10% to $0.825 per share and additional $5 billion share repurchase authorization Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $3.3 billion, or $8.28 per diluted share, for the third quarter of 2023, compared with net income attributable to MPC of $4.5 billion, or $9.06 per diluted share, for the third quarter of 2022. Adjusted net income was $3.2 billion, or $8.14 per diluted share, for the third quarter of 2023.

Marathon Petroleum Corp. Reports Third-Quarter 2023 Results

Microsoft

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In mid-2020, the 60/40 worked as well as it was supposed to. Investors who held on through the early Covid market decline saw a fast rebound to a bull market, while long-term Treasuries fell to record lows.

Revisiting the classic 60/40 portfolio as challenges loom

Marathon (MPC) is likely to see gains in refining margins, despite a throughput drop in the third quarter. MPC's cost reduction might have boosted its bottom line.

Can Marathon (MPC) Retain Its Beat Streak in Q3 Earnings?

U.S. refiner Marathon Petroleum on Wednesday announced a fresh $5 billion share repurchase plan.

Marathon Petroleum boosts share buybacks by $5 billion

FINDLAY, Ohio , Oct. 25, 2023 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock, an increase of approximately 10% over its previous dividend of $0.75 per share. The dividend is payable Dec. 11, 2023, to shareholders of record as of the close of business Nov. 16, 2023.

Marathon Petroleum Corp. Increases Quarterly Dividend by 10% and Announces $5 Billion Share Repurchase Authorization

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Marathon Petroleum (MPC) Right Now?

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Don't assume that all S&P 500 stocks are struggling. A small group are actually thriving, thank you.

Investors Scurry To Buy 14 Soaring Stocks As Market Sells Off

Marathon Petroleum (MPC) closed the most recent trading day at $149.45, moving -0.93% from the previous trading session.

Marathon Petroleum (MPC) Registers a Bigger Fall Than the Market: Important Facts to Note

Marathon Petroleum (MPC) concluded the recent trading session at $150.75, signifying a +1.72% move from its prior day's close.

Marathon Petroleum (MPC) Outperforms Broader Market: What You Need to Know

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The US Department of Energy finally decided who would get a piece of the $7 billion Federal funding for green hydrogen, and the news may surprise you. The funding is intended to build green hydrogen infrastructure, but the terminology would be more suitable if it read “greener” hydrogen.

$7 Billion in Clean Hydrogen Grants: Winners and Losers

On September 30th the third quarter of 2023 came to a close. The energy sector was the top performer.

The Best Performing Energy Stocks Of Q3 2023

Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Marathon Petroleum (MPC) Beat Estimates Again in Its Next Earnings Report?

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Let's take a deep look into the S&P 500's top sector for the third quarter of 2023 - Energy - and its high flyers MPC, PSX, HAL, VLO and APA.

News for Marathon Petroleum Stock (MPC)