Marathon Petroleum Corp (N:MPC)

Business Focus: Oil & Gas Refining and Marketing

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
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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

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