Last $90.82 USD
Change Today -4.85 / -5.07%
Volume 3.0M
MPC On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 12:17 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

marathon petroleum corp (MPC) Snapshot

Open
$93.26
Previous Close
$95.67
Day High
$93.26
Day Low
$89.65
52 Week High
11/21/14 - $97.94
52 Week Low
10/16/14 - $74.64
Market Cap
25.4B
Average Volume 10 Days
3.4M
EPS TTM
$8.77
Shares Outstanding
280.2M
EX-Date
11/17/14
P/E TM
10.3x
Dividend
$2.00
Dividend Yield
2.03%
Current Stock Chart for MARATHON PETROLEUM CORP (MPC)

marathon petroleum corp (MPC) Related Businessweek News

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marathon petroleum corp (MPC) Details

Marathon Petroleum Corporation, together with its subsidiaries, is engaged in refining, transporting, and marketing petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feedstocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded jobbers, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of February 4, 2014, it owned, leased, and had ownership interests in approximately 8,300 miles of pipeline, as well as owned and operated 1,480 convenience stores in 9 states of the United States; and operated 5,200 independently owned retail outlets in the 18 states of the United States. The company is headquartered in Findlay, Ohio.

29,865 Employees
Last Reported Date: 02/28/14

marathon petroleum corp (MPC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $631.3K
President of Speedway LLC
Total Annual Compensation: $543.8K
Senior Vice President of Refining
Total Annual Compensation: $537.5K
Compensation as of Fiscal Year 2013.

marathon petroleum corp (MPC) Key Developments

Potential Buyers Reportedly Check Refineries Of CITGO Petroleum

Potential buyers from at least six leading oil companies have visited refinery in Illinois of CITGO Petroleum Corporation and three firms have shown keen interest in its Texas plant, reported Reuters citing four sources familiar with efforts to sell the assets. It is unclear if CITGO's owner, Petróleos de Venezuela S.A., will go ahead with a sale of its U.S. refining and marketing unit. Both Venezuela's president and finance minister have said in the past month that Citgo's assets would not be sold. But Lazard Ltd, the investment bank hired by CITGO to carry out the sale, is still marketing the refinery, three people told Reuters. The sources familiar with the sale efforts said that visits to the Illinois refinery have been made as recently as this week. Sources told Reuters that teams from the following companies have carried out detailed inspections of the Illinois refinery: Reliance Industries Limited (BSE:500325), PBF Energy Inc. (NYSE:PBF), UTesoro Corporation (NYSE:TSO), Marathon Petroleum Corporation (NYSE:MPC), Valero Energy Corporation (NYSE:VLO) and Phillips 66 (NYSE:PSX). Sources said that Representatives from Phillips 66 visited the Lemont refinery this week. One of the source said, "I don't care what they are saying in Venezuela, potential buyers are still coming in." Gary Heminger, President of Chief Executive Officer of Marathon Petroleum in an interview with Reuters, declined to discuss the CITGO sale, but said the company would carefully weigh refineries on the auction block. Heminger said, "We will always study and do our homework and due diligence on assets that are available." The sources said that the three companies showing the deepest interest in the Corpus Christi refinery are Valero, Flint Hills Resources, LLC and Chevron Corporation (NYSE:CVX). The sources said that Chevron, which was examining reliability records at the Corpus Christi refinery last month, could add a crude distillation unit at Citgo's west plant to run sweet crude from the Eagle Ford oil fields in south Texas while the existing CDU continues to run sour crude oil like that produced by Venezuela. A CITGO spokesman did not respond to Reuters when asked about visits to the refineries made by potential buyers. Marathon, Phillips 66, Tesoro and Valero representatives declined to discuss their companies' possible interest in Citgo's assets. PBF and Reliance did not reply to requests for comment. A Chevron spokesman declined to discuss merger and acquisition activity.

Marathon Petroleum Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Marathon Petroleum Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenues and other income was $25,481 million compared to $26,274 million a year ago. Income from operations was $1,062 million compared to $301 million a year ago. Income before income taxes was $1,012 million compared to $254 million a year ago. Net income was $679 million compared to $173 million a year ago. Net income attributable to the company was $672 million or $2.36 per diluted share compared to $168 million or $0.54 per diluted share a year ago. Total segment EBITDA was $1,469 million compared to $677 million a year ago. Operating cash flow before changes in working capital was approximately $1 billion source of cash due to the strong financial performance in the quarter. On a same-store basis, gasoline sales volumes decreased 0.8%; and merchandise sales, excluding cigarettes, increased 4.8% compared to same period last year. Activity in October has been positive with a 1.2% increase in same-store gasoline sales volumes versus the similar period last year. For the nine months, the company's total revenues and other income was $75,759 million compared to $75,322 million a year ago. Income from operations was $2,792 million compared to $2,417 million a year ago. Income before income taxes was $2,648 million compared to $2,277 million a year ago. Net income was $1,750 million compared to $1,502 million a year ago. Net income attributable to the company was $1,726 million or $5.95 per diluted share compared to $1,486 million or $4.60 per diluted share a year ago. Total segment EBITDA was $4,016 million compared to $3,562 million a year ago. Total debt at September 30, 2014 was $6,264 million. For the fourth quarter of 2014, the company is planning for throughput volumes to be slightly less than the third quarter of 2014, but up compared to fourth quarter last year due to less planned maintenance.

Marathon Petroleum Corporation Declares Dividend, Payable on Dec. 10, 2014

Marathon Petroleum Corporation announced that its board of directors declared a dividend of $0.50 per share on common stock. The dividend is payable on Dec. 10, 2014, to shareholders of record as of the close of business Nov. 19, 2014.

 

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MPC Competitors

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Company Last Change
Hess Corp $73.00 USD -7.83
Husky Energy Inc C$24.30 CAD -0.58
Phillips 66 $73.49 USD -5.79
Tesoro Corp $77.32 USD -1.03
Valero Energy Corp $48.77 USD -2.17
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Industry Analysis

MPC

Industry Average

Valuation MPC Industry Range
Price/Earnings 11.9x
Price/Sales 0.3x
Price/Book 2.5x
Price/Cash Flow 7.3x
TEV/Sales 0.2x
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