Last $86.08 USD
Change Today -2.56 / -2.89%
Volume 2.7M
MPC On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

marathon petroleum corp (MPC) Snapshot

Open
$88.27
Previous Close
$88.64
Day High
$88.64
Day Low
$86.00
52 Week High
05/6/14 - $97.70
52 Week Low
10/9/13 - $61.32
Market Cap
24.4B
Average Volume 10 Days
3.7M
EPS TTM
$6.92
Shares Outstanding
283.3M
EX-Date
08/18/14
P/E TM
12.4x
Dividend
$2.00
Dividend Yield
2.04%
Current Stock Chart for MARATHON PETROLEUM CORP (MPC)

marathon petroleum corp (MPC) Related Businessweek News

View More BusinessWeek News

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

Marathon Petroleum Seeks Acquisitions

Marathon Petroleum Corporation (NYSE:MPC) has announced an offering of around $2 billion. The net proceeds from the sale of the securities will be used for general corporate purposes, including repayment or refinancing of debt and funding for acquisitions, working capital requirements, capital expenditures and repurchases and redemptions of securities.

Marathon Petroleum Corporation Enters into $700 Million Five-Year Term Loan Agreement

Marathon Petroleum Corporation announced that it has entered into a five-year senior unsecured term loan agreement with a syndicate of lenders providing commitments for $700 million in term loan borrowings. The term loan proceeds will be used to fund a portion of the purchase consideration for Speedway's acquisition of Hess Retail Holdings LLC, expected to close later this year. Borrowings under the term loan agreement are subject to customary conditions and would have to be repaid if the acquisition is not completed within 10 business days following the funding date. The term loan was substantially oversubscribed from a group of the lenders who are also participants in company's primary revolving credit facility. The borrowings will mature five years following the funding date and may be prepaid at any time without premium or penalty. Interest on the borrowings will accrue at a rate determined by a grid-based pricing matrix that is dependent upon the company's credit ratings. RBS Securities Inc., Bank of Tokyo-Mitsubishi UFJ Ltd., Barclays Bank PLC, Citigroup Global Markets Inc. and Morgan Stanley Senior Funding Inc. served as joint lead arrangers and joint bookrunners under the term loan agreement.

Marathon Petroleum Corporation Presents at Barclays CEO Energy-Power Conference, Sep-02-2014 11:45 AM

Marathon Petroleum Corporation Presents at Barclays CEO Energy-Power Conference, Sep-02-2014 11:45 AM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States. Speakers: Gary R. Heminger, Chief Executive Officer, President, Director and Member of Executive Committee.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MPC:US $86.08 USD -2.56

MPC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Hess Corp $96.29 USD -1.22
Husky Energy Inc C$31.56 CAD -0.44
Imperial Oil Ltd C$53.27 CAD -1.19
Tesoro Corp $60.01 USD -1.91
Valero Energy Corp $47.26 USD -1.11
View Industry Companies
 

Industry Analysis

MPC

Industry Average

Valuation MPC Industry Range
Price/Earnings 14.4x
Price/Sales 0.3x
Price/Book 2.4x
Price/Cash Flow 8.0x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MARATHON PETROLEUM CORP, please visit www.marathonpetroleum.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.