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Companies / Energy / Marathon Petroleum
MPC

Marathon Petroleum

EnergyPetroleum RefiningS&P 500
Ticker MPCFINDLAY, OHFiscal year ends DecemberBook value per share $65.33Diluted shares 292.0M

Marathon Petroleum Corporation (NYSE: MPC) is an integrated downstream and midstream energy company that refines crude oil, markets fuels, and operates energy transportation and processing infrastructure. Its Refining & Marketing segment produces gasoline, diesel and other refined products, petrochemicals, propane and… From the company’s description.

In fiscal 2025, Marathon Petroleum reported revenue of $135.22B, down 3.7% from fiscal 2024, and net income of $5.88B. Its operating margin was 6.1%, and operations generated $8.25B in cash. Over the twelve months to Jun 30, 2026, revenue was $156.18B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$135.22BFY2025
−3.7% year over year
Last 12 mo $156.18B
6.13%FY2025
+1.3 percentage points
Last 12 mo 9.05%
$5.88BFY2025
+16.0% year over year
Last 12 mo $10.31B
23.37%FY2025
+4 percentage points
Last 12 mo 44.84%
Cash & financing
$8.25BFY2025
−4.8% year over year
Last 12 mo $17.13B
$4.77BFY2025
−22.3% year over year
Last 12 mo $12.90B
1.90FY2025
Was 1.55× a year earlier
Last 12 mo 1.72
306.0MFY2025
−10.3% year over year
Last 12 mo 292.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Marathon Petroleum does

In the company’s own words

Marathon Petroleum Corporation (NYSE: MPC) is an integrated downstream and midstream energy company that refines crude oil, markets fuels, and operates energy transportation and processing infrastructure. Its Refining & Marketing segment produces gasoline, diesel and other refined products, petrochemicals, propane and asphalt, selling to wholesale customers, independent retailers, branded jobbers, direct dealers and export buyers. Its Midstream segment gathers, processes, transports, stores and distributes crude oil, natural gas, natural gas liquids and refined products, primarily through MPLX, a master limited partnership in which Marathon owns the general partner and about 64% of the common units. The Renewable Diesel segment processes renewable feedstocks and markets renewable diesel, including production through joint ventures. The company operates refineries across the Gulf Coast, Mid-Continent and West Coast regions, with approximately 3.0 million barrels per day of crude oil refining capacity. Its retail fuel outlets include independent Marathon-branded locations and direct dealers operating mainly under the ARCO brand. Marathon was spun off from Marathon Oil in 2011 and sold its Speedway retail business in 2021. Its website is www.marathonpetroleum.com.

Company details
Sector
Energy
Industry (SIC)
Petroleum Refining
Headquarters
FINDLAY, OH
Fiscal year end
December
CIK
1510295
SIC
2911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-28.97B$28.01B$84.99B$141.97B$198.94B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Marathon Petroleum — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

899
funds hold it
1 of 35
superinvestors hold it
$24.99B
held by funds, at market
35.1%
of shares held by funds
9
bond issues held by funds

Superinvestors in Marathon Petroleum · what they did last quarter

Bill NygrenDECREASED -91.8%
Harris Associates (Oakmark)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Marathon Petroleum’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.10%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.72%of fund net assets
4.48%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Marathon Petroleum’s bonds, as funds hold them

Funds report holding 9 issues of Marathon Petroleum’s debt, $1.25B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.27%, maturing 2026 to 2054.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Marathon Petroleum and its peers compare on margins and cash generation over ten years?”
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