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Marathon Petroleum Corp
Previous close
$159.29
Day range
$158.07 - $160.66
Year range
$140.98 - $221.11
Market cap
50.93B USD
Avg Volume
2.22M
P/E ratio
12.52
Dividend yield
2.30%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 35.16B | -14.79% |
Operating expense | 1.87B | -0.53% |
Net income | 622.00M | -81.04% |
Net profit margin | 1.77 | -77.74% |
Earnings per share | 1.87 | -77.03% |
EBITDA | 1.99B | -62.48% |
Effective tax rate | 10.02% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 5.14B | -60.61% |
Total assets | 79.83B | -11.27% |
Total liabilities | 54.12B | -5.33% |
Total equity | 25.71B | — |
Shares outstanding | 321.39M | — |
Price to book | 2.73 | — |
Return on assets | 3.45% | — |
Return on capital | 5.03% | — |
Cash Flow
Net change in cash
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | 622.00M | -81.04% |
Cash from operations | 1.68B | -66.00% |
Cash from investing | 2.03B | 567.59% |
Cash from financing | -4.16B | -21.87% |
Net change in cash | -439.00M | -139.66% |
Free cash flow | 520.88M | -87.10% |
About
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. These formed The Ohio Oil Company established in Lima, Ohio. It became the largest oil producer in the state. By 1889, the company was acquired by the Standard Oil Trust and six years later its headquarters was moved to Findlay. In 1906, the company built its first oil pipeline, which connected its facilities in Martinsville, Illinois and Preble, Indiana.
After the U.S. Supreme Court ordered its parent company to break up as a result of the Sherman Anti-Trust Act in 1911, Ohio Oil again became independent. It expanded its operations by purchasing oil fields outside of Ohio. The company also started oil refining. In 1924, the company discovered oil in Texas. In the same year, it acquired Lincoln Oil Refining Company. This purchase included a refinery and 17 brand service stations in Indiana. Wikipedia
Founded
Nov 9, 2009
Headquarters
Website
Employees
18,200