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Equiscale · Syntellia LLC
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: 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; and purchases refined products and ethanol for resale and distributes refined products through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. The company sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment gathers, transports, stores, distributes, and markets crude oil and refined products, including renewable diesel and other hydrocarbon-based products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and transports, fractionates, stores, and markets natural gas liquids. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets, and distributes renewable diesel through its Midstream segment and third parties. It sells renewable diesel to wholesale marketing customers, buyers on the spot market, and through long-term supply contracts to direct dealers under the ARCO brand. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $132.7B | $11.7B | $4.0B | $4.8B | 23.4% | -4.4% | 17.5% |
| 2024 | $138.9B | $10.6B | $3.4B | $6.1B | 19.4% | -6.4% | -64.4% |
| 2023 | $148.4B | $18.6B | $9.7B | $12.2B | 39.7% | -16.4% | -33.3% |
| 2022 | $177.5B | $24.9B | $14.5B | $13.9B | 52.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 177,453 | 148,379 | 138,864 | 132,699 |
| Operating Revenue | - | 177,453 | 148,379 | 138,864 | 132,699 |
| Cost Of Revenue | - | 154,886 | 131,873 | 129,577 | 122,697 |
| Gross Profit | - | 22,567 | 16,506 | 9,287 | 10,002 |
| Operating Expense | - | 3,597 | 3,920 | 4,039 | 4,234 |
| Selling General And Administration | - | 2,772 | 3,039 | 3,221 | 3,349 |
| Total Expenses | - | 158,483 | 135,793 | 133,616 | 126,931 |
| Operating Income | - | 18,970 | 12,586 | 5,248 | 5,768 |
| Total Operating Income As Reported | 4,300 | 21,469 | - | - | - |
| EBITDA | - | 24,882 | 18,561 | 10,602 | 11,678 |
| Normalized EBITDA | - | 23,823 | 18,344 | 10,574 | 11,505 |
| EBIT | - | 21,667 | 15,254 | 7,265 | 8,427 |
| Interest Income | - | 221 | 761 | 505 | 159 |
| Interest Expense | - | 1,198 | 1,265 | 1,308 | 1,412 |
| Net Interest Income | - | -998 | -525 | -839 | -1,276 |
| Other Non Operating Income Expenses | - | 783 | 969 | 472 | 728 |
| Other Income Expense | - | 2,497 | 1,928 | 1,548 | 2,523 |
| Interest Income Non Operating | - | 221 | 761 | 505 | 159 |
| Interest Expense Non Operating | - | 1,198 | 1,265 | 1,308 | 1,412 |
| Net Non Operating Interest Income Expense | - | -998 | -525 | -839 | -1,276 |
| Pretax Income | - | 20,469 | 13,989 | 5,957 | 7,015 |
| Tax Provision | - | 4,491 | 2,817 | 890 | 1,137 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 232.98 | 43.62 | 4.17 | 28.03 |
| Net Income Continuous Operations | - | 15,978 | 11,172 | 5,067 | 5,878 |
| Net Income From Continuing And Discontinued Operation | - | 14,516 | 9,681 | 3,445 | 4,047 |
| Net Income From Continuing Operation Net Minority Interest | - | 14,444 | 9,681 | 3,445 | 4,047 |
| Net Income | - | 14,516 | 9,681 | 3,445 | 4,047 |
| Net Income Common Stockholders | - | 14,508 | 9,672 | 3,442 | 4,043 |
| Net Income Including Noncontrolling Interests | - | 16,050 | 11,172 | 5,067 | 5,878 |
| Normalized Income | - | 13,617.98 | 9,507.62 | 3,421.17 | 3,902.03 |
| Diluted NI Availto Com Stockholders | - | 14,508 | 9,672 | 3,442 | 4,043 |
| Basic Average Shares | - | 512 | 407 | 340 | 305 |
| Diluted Average Shares | - | 516 | 409 | 341 | 306 |
| Reconciled Depreciation | - | 3,215 | 3,307 | 3,337 | 3,251 |
| Reconciled Cost Of Revenue | - | 154,886 | 131,873 | 129,577 | 122,697 |
| Total Unusual Items | - | 1,059 | 217 | 28 | 173 |
| Total Unusual Items Excluding Goodwill | - | 1,059 | 217 | 28 | 173 |
| Minority Interests | - | -1,534 | -1,491 | -1,622 | -1,831 |
| Net Income Discontinuous Operations | 8,448 | 72 | 0 | 0 | - |
| Special Income Charges | - | 1,059 | 217 | 28 | 173 |
| Other Special Charges | 133 | 2 | 9 | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | 0 | 0 | - | - | - |
| General And Administrative Expense | - | 2,772 | 3,039 | 3,221 | 3,349 |
| Other Gand A | - | 2,772 | 3,039 | 3,221 | 3,349 |
| Salaries And Wages | - | - | -89 | - | - |
| Gain On Sale Of Ppe | - | 1,061 | 217 | 28 | 173 |
| Total Other Finance Cost | - | 21 | 21 | 36 | 23 |
| Other Operating Expenses | -468 | -783 | - | - | - |
| Otherunder Preferred Stock Dividend | - | 8 | 9 | 3 | 4 |
| Earnings From Equity Interest | - | 655 | 742 | 1,048 | 1,622 |
| Other Taxes | - | 825 | 881 | 818 | 885 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Marathon Petroleum Corporationthis co. | MPC | $78.0B | 19.26↓ discount | 4.50 | 23.4% | 9.30 |
| The Williams Companies, Inc. | WMB | $88.6B | 33.84 | 6.94 | 20.5% | 15.90 |
| SLB N.V. | SLB | $86.7B | 25.70 | 3.32 | 12.9% | 13.70 |
| Valero Energy Corporation | VLO | $76.9B | 32.73 | 3.24 | 9.9% | 12.48 |
| EOG Resources, Inc. | EOG |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $75.0B |
| 15.07 |
| 2.52 |
| 16.7% |
| 7.24 |
| Phillips 66 | PSX | $73.8B | 16.77 | 2.54 | 15.1% | 9.47 |
| Kinder Morgan, Inc. | KMI | $70.5B | 23.08 | 2.26 | 9.8% | 14.25 |
| Baker Hughes Company | BKR | $65.6B | 25.34 | 3.48 | 13.7% | 15.85 |
| Occidental Petroleum Corporation | OXY | $58.4B | 25.09 | 2.10 | 8.4% | 6.84 |
| Peer Median | - | 25.22 | 2.89 | 13.3% | 13.09 | |
Historically, Mar has averaged the highest return (+11.6%); Dec the lowest (-5.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.3%Positive MonthJan 2026: +8.34% | +12.5%Positive MonthFeb 2026: +12.50% | +23.2%Positive MonthMar 2026: +23.19% | +1.7%Neutral MonthApr 2026: +1.68% | +0.2%Neutral MonthMay 2026: +0.19% | +2.8%Positive MonthJun 2026: +2.77% | +23.8%Positive MonthJul 2026: +23.78% | +14.0%*Positive MonthAug 2026: +13.99% | — | — | — | — |
| 2025 | +4.5%Positive MonthJan 2025: +4.45% | +3.1%Positive MonthFeb 2025: +3.07% | -3.0%Negative MonthMar 2025: -2.99% | -5.7%Negative MonthApr 2025: -5.68% | +17.0%Positive MonthMay 2025: +16.98% | +3.3%Positive MonthJun 2025: +3.34% | +2.5%Positive MonthJul 2025: +2.46% | +5.6%Positive MonthAug 2025: +5.59% | +7.3%Positive MonthSep 2025: +7.25% | +1.1%Neutral MonthOct 2025: +1.13% | -0.6%Neutral MonthNov 2025: -0.61% | -16.1%Negative MonthDec 2025: -16.05% |
| 2024 | +11.6%Positive MonthJan 2024: +11.62% | +2.2%Positive MonthFeb 2024: +2.19% | +19.1%Positive MonthMar 2024: +19.07% | -9.8%Negative MonthApr 2024: -9.82% | -2.8%Negative MonthMay 2024: -2.81% | -1.8%Neutral MonthJun 2024: -1.77% | +2.0%Positive MonthJul 2024: +2.04% | +0.1%Neutral MonthAug 2024: +0.06% | -8.0%Negative MonthSep 2024: -8.02% | -10.7%Negative MonthOct 2024: -10.71% | +7.3%Positive MonthNov 2024: +7.34% | -10.7%Negative MonthDec 2024: -10.66% |
| 2023 | +10.4%Positive MonthJan 2023: +10.42% | -3.8%Negative MonthFeb 2023: -3.83% | +9.1%Positive MonthMar 2023: +9.09% | -9.5%Negative MonthApr 2023: -9.52% | -14.0%Negative MonthMay 2023: -14.01% | +11.1%Positive MonthJun 2023: +11.14% | +14.1%Positive MonthJul 2023: +14.08% | +7.3%Positive MonthAug 2023: +7.33% | +6.0%Positive MonthSep 2023: +6.00% | -0.1%Neutral MonthOct 2023: -0.06% | -1.4%Neutral MonthNov 2023: -1.36% | -0.6%Neutral MonthDec 2023: -0.56% |
| 2022 | +12.1%Positive MonthJan 2022: +12.13% | +8.5%Positive MonthFeb 2022: +8.53% | +9.8%Positive MonthMar 2022: +9.80% | +2.1%Positive MonthApr 2022: +2.06% | +16.7%Positive MonthMay 2022: +16.65% | -19.2%Negative MonthJun 2022: -19.24% | +11.5%Positive MonthJul 2022: +11.49% | +9.9%Positive MonthAug 2022: +9.92% | -1.4%Neutral MonthSep 2022: -1.41% | +14.4%Positive MonthOct 2022: +14.39% | +7.2%Positive MonthNov 2022: +7.21% | -4.4%Negative MonthDec 2022: -4.45% |
| 2021 | — | — | — | — | +11.1%Positive MonthMay 2021: +11.05% | -2.2%Negative MonthJun 2021: -2.23% | -8.6%Negative MonthJul 2021: -8.61% | +7.3%Positive MonthAug 2021: +7.33% | +4.3%Positive MonthSep 2021: +4.29% | +6.7%Positive MonthOct 2021: +6.67% | -7.7%Negative MonthNov 2021: -7.71% | +5.2%Positive MonthDec 2021: +5.16% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
