MPC
NYSE
Energy
$254.06
USD
+$0.50 (+0.20%)
Last close
Market Cap:
$74.02B
Volume:
6.9M
Previous Close
$253.56
Day Range
$251.46 - $256.71
52 Week Range
$158.00 - $272.46
Average Volume (10 Days)
2.4M
P/E Ratio
18.29
Dividend Yield
1.55%
Marathon Petroleum Corp. engages in the refining, marketing, and transportation of petroleum products. The company is headquartered in Findlay, Ohio and currently employs 18,500 full-time employees. The company went IPO on 2011-06-23. The Company’s segments include Refining & Marketing, Midstream and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent and West Coast regions of the United States. The company sells refined products to wholesale marketing customers domestically and internationally, to buyers on the spot market, and to independent entrepreneurs who operate primarily Marathon branded outlets. The Midstream segment gathers, transports, stores and distributes crude oil, refined products, including renewable diesel, and other hydrocarbon-based products, principally for the Refining & Marketing segment via refining logistics assets, pipelines, terminals, and others. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets renewable diesel and distributes renewable products through its Midstream segment and third parties.
CEO
Ms. Maryann Mannen
Headquaters
Findlay, OHIO, US
Founded
2011
Employees
18,500
National average gas prices fell to $3.90 per gallon, down 66 cents over five weeks and marking a 14% decline from May's peak. The drop reflects easing geopolitical tensions around US-Iran nuclear negotiations, which have reduced fears of Middle East oil supply disruptions.
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The International Energy Agency lowered its global oil demand outlook by 420,000 barrels per day following an 80% surge in crude prices this year, driven by the closure of the Strait of Hormuz. Despite some demand destruction, supply losses exceed 10 million barrels daily, keeping markets tight and prices elevated well into 2027.
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President Trump waived Jones Act shipping restrictions to ease domestic fuel prices, but the policy has not increased oil shipments between U.S. ports. Instead, U.S. refiners are sending record fuel exports to Asia and Europe, where disruptions from Iran's blockade of the Strait of Hormuz have created more lucrative opportunities.
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