Marathon Petroleum Corp Overview
Industry: Oil & Gas Refining & Marketing
Sector: Energy
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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, including renewable diesel, 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, petrochemicals, and natural gas liquids. It 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 transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company was founded in 1887 and is headquartered in Findlay, Ohio. Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refiner Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Marathon Petroleum Corp into one research view. The sections below show what strengthens or weakens the research case.
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Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $52.3B (+53% YoY). Operating income was $7.3B (+233% YoY). Net income was $5.5B (+244% YoY).
What changed
- Revenue +53% YoY to $52.3B.
- Operating income +233% YoY to $7.3B.
- Net income +244% YoY to $5.5B.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
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Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Marathon Petroleum (MPC) Could Be 19% Overvalued As Earnings Beat Expectations
Headline from Yahoo Finance: Marathon Petroleum (MPC) Could Be 19% Overvalued As Earnings Beat Expectations.
Marathon Petroleum Q2 Earnings Beat on Strong Refining Margins
Headline from Yahoo Finance: Marathon Petroleum Q2 Earnings Beat on Strong Refining Margins.
Marathon Petroleum Q2 Earnings Beat on Strong Refining Margins
Headline from Zacks Investment Research: Marathon Petroleum Q2 Earnings Beat on Strong Refining Margins.
Marathon Earnings: Operating Performance Maximizes Strong Margin Environment
Headline from Morningstar: Marathon Earnings: Operating Performance Maximizes Strong Margin Environment.
MPC Q2 Earnings Call Highlights Refining Capture and Cash Returns
Headline from Yahoo Finance: MPC Q2 Earnings Call Highlights Refining Capture and Cash Returns.
Marathon Petroleum (MPC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Headline from Yahoo Finance: Marathon Petroleum (MPC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.