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Marathon Petroleum Corp
Marathon Petroleum Corp (MPC) is listed on NYSE and classified in Oil & Gas Refining & Marketing, part of the Energy sector. It is headquartered in Findlay, United States and has 18,500 employees. The company is worth $128.98B and trades at 16.2x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $132.7B in fiscal 2025, down 4.4% from the year before. Net income was $4.05B. The share price is 7.0% below its 52-week high of $493.98. It pays a dividend yielding 0.87%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $316.84M. In that quarter, 4 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +685.7% over 5Y.
today you would have $8,105.56▲ +710.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 15 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $162.63 | $139.50 | $148.36 | $116.39 | $63.99 | $41.36 | $60.25 | $59.01 | $65.98 | $50.35 | $51.84 | $45.13 | $45.87 | $31.50 | $16.65 | |
| P/E | 10.1x | 12.3x | 13.8x | 6.3x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 14.7 among peers in the sector.
Median P/E of 10.1 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BPBP PLC | $50.05 | 24.3x | 8.9x | 4.04% | 8.87% | $128.91B |
| VLOValero Energy Corp | $426.28 | 17.8x | 5.4x | 1.13% | 27.64% | $122.74B |
| PSXPhillips 66 | $284.63 | 16.6x | 3.6x | 1.87% | 23.45% | $114.12B |
| CNQCANADIAN NATURAL RESOURCES Ltd | $53.92 |
| 4.1x |
| 4.2x |
| — |
| 15.2x |
| 11.2x |
| 9.8x |
| 22.8x |
| 9.9x |
| 10.3x |
| 13.8x |
| 6.4x |
| 5.0x |
| P/S | 0.4x | 0.4x | 0.3x | 0.4x | 0.3x | 0.3x | 0.4x | 0.4x | 0.5x | 0.5x | 0.5x | 0.4x | 0.3x | 0.3x | 0.3x | 0.2x |
| P/B | 2.0x | 2.8x | 2.5x | 2.2x | 1.9x | 1.4x | 1.2x | 1.2x | 1.1x | 2.2x | 2.0x | 2.1x | 2.3x | 2.5x | 1.8x | 1.2x |
| EPS | $13.22 | $10.08 | $23.63 | $28.12 | $15.24 | -$15.13 | $3.97 | $5.28 | $6.70 | $2.21 | $5.26 | $4.39 | $3.32 | $4.95 | $3.34 |
| Dividend yield | 2.29% | 2.29% | 2.43% | 2.07% | 2.14% | 3.63% | 5.61% | 3.52% | 3.12% | 2.30% | 2.70% | 2.20% | 2.04% | 1.68% | 1.90% | 1.35% |
| Payout | 22.18% | 28.21% | 33.58% | 13.01% | 8.85% | 15.22% | — | 53.40% | 34.85% | 22.69% | 61.54% | 21.67% | 20.96% | 23.19% | 12.13% | 6.75% |
| Profit margin | 3.23% | 3.05% | 2.48% | 6.52% | 8.18% | 8.12% | -14.08% | 2.37% | 3.23% | 5.12% | 2.11% | 4.43% | 2.77% | 2.25% | 4.43% | 3.25% |
| ROE | 23.37% | 23.37% | 19.41% | 39.67% | 52.38% | 37.16% | -44.26% | 7.83% | 7.90% | 24.46% | 8.66% | 21.55% | 23.48% | 19.34% | 28.98% | 25.13% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
-50.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 13.3x |
| 3.3x |
| 3.26% |
| 26.68% |
| $111.16B |
| EQNREquinor ASA | $46.42 | 12.6x | 5.2x | 3.36% | 21.27% | $109.94B |
| ENBEnbridge Inc | $48.01 | 25.7x | 2.5x | 5.83% | 9.22% | $107.01B |
