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Marathon Petroleum

MPC

Marathon Petroleum Corporation (MPC) is a leading integrated downstream and midstream energy company operating one of the largest refining systems in the United States.

Market cap
$81.94B+51.5%
Revenue$135.38B-1.7%
Net income$4.6B+90.3%
Free cash flow$5.7B+27.9%
EPS (diluted)$15.27+112%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$41.2B
EPS estimate$12.57

Financials

Q1 2026

Income statement

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Revenue$34.2B+8.5%
Gross profit$2.9B+36.3%
Operating income$1.4B+104%
Net income$511.0M+791%
EPS (diluted)$1.73+821%

Balance sheet

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Cash & equivalents$2.2B-43.6%
Total debt$1.5B+22.3%
Total equity$16.8B+2.2%
Total assets$88.2B+8.0%

Cash flow

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Operating cash flow$1.1B+1,852%
CapEx$913.0M+37.7%
Free cash flow$208.0M+129%

Valuation & ratios

Valuation

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Market cap$81.94B+51.5%
Enterprise value$81.29B+51.1%
P/E17.7×-7.6×
P/S0.6×+0.2×

Profitability

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Gross margin10.4%+1.9pp
Operating margin6.7%+2.5pp
Net margin3.4%+1.7pp
FCF margin4.2%+1.0pp

Returns & leverage

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Return on equity27.9%+15.6pp
Debt / equity0.1×0.0×
Current ratio1.2×0.0×

Segments

By segment

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Refining & Marketing$32.3B+9.6%
Midstream$2.8B-3.0%
Renewable Diesel$579.0M-7.5%

By product

See full
Refined products$31.3B+9.4%
Services and other$1.3B-7.4%

Competitors

Profile

Marathon Petroleum Corporation (MPC) is a leading integrated downstream and midstream energy company operating one of the largest refining systems in the United States. The company refines crude oil, markets refined products, and operates an extensive midstream network that links natural gas and NGL production to domestic and international markets. MPC also maintains a significant presence in the renewable fuels sector as a major producer of renewable diesel.

Competitive position

MPC operates the largest refining system in the U.S. by capacity and is a dominant wholesale supplier of gasoline and distillates with a highly integrated midstream asset base.

GeographiesUnited States, Mexico, International
Customer segmentsIndustrial, Commercial, Retail Resellers, Government Entities
Business modelManufacturing, Logistics and Infrastructure, Wholesale Distribution
SuppliersDomestic and foreign crude oil producers, Natural gas producers, Agricultural feedstock suppliers (soybean oil, corn oil), National oil companies
CustomersIndependent gas station entrepreneurs, Commercial airlines, Paving contractors, Utility companies, Chemical manufacturers
Listed2011
Employees18.2K
CEOMaryann T. Mannen
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Marathon Petroleum's market cap?
Marathon Petroleum (MPC) has a market capitalization of $81.9B and trades on NYSE.
What is Marathon Petroleum's revenue and profitability?
Marathon Petroleum generated $135.38B in trailing twelve-month revenue with net income of $4.6B, representing a net margin of 3.4%. Gross margin stands at 10.4%, with free cash flow of $5.7B. These figures are based on the Q1 2026 filing.
Who are Marathon Petroleum's competitors?
Marathon Petroleum's key competitors include Valero Energy Corporation, PBF Energy Inc., Phillips 66, and others. These companies compete in similar markets and product categories.
Who does Marathon Petroleum partner with?
Marathon Petroleum's notable partners include Neste Corporation, Archer-Daniels-Midland Company, 7-Eleven, Inc., and others.
What subsidiaries does Marathon Petroleum have?
Marathon Petroleum's subsidiaries include MPLX LP, Andeavor.
Where is Marathon Petroleum headquartered?
Marathon Petroleum is headquartered in United States of America and employs approximately 18,200 people. It has been publicly traded since 2011.