Sector: Energy | Industry: Oil & Gas Refining and Marketing |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 539 S Main St FINDLAY OH 45840-3229 |
Tel: | N/A |
Website: | www.marathonpetroleum.com |
IR: | See website |
Key People | ||
Maryann T. Mannen President | James R. Wilkins Senior Vice President - Health, Environment, Safety and Security | 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 | Rick D. Hessling Senior Vice President - Global Feedstocks | Brian K. Partee Senior Vice President - Global Clean Products | Ehren D. Powell Senior Vice President, Chief Digital Officer |
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 fiscal year ended 31 December 2023, Marathon Petroleum Corp revenues decreased 16% to $150.09B. Net income applicable to common stockholders excluding extraordinary items decreased 33% to $9.67B. Revenues reflect Refining & Marketing segment decrease of 17% to $143.47B, Midstream segment decrease of 8% to $4.91B. Net income also reflects Net gain on disposal of assets decrease of 80% to $217M (income), Selling. |
Employees: | 18,200 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $88,042M as of Dec 31, 2023 |
Annual revenue (TTM): | $150,090M as of Dec 31, 2023 |
EBITDA (TTM): | $17,422M as of Dec 31, 2023 |
Net annual income (TTM): | $9,672M as of Dec 31, 2023 |
Free cash flow (TTM): | $10,966M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $17,059M as of Dec 31, 2023 |
Shares outstanding: | 360,336,089 as of Mar 1, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |