Mostly Markets
Subscribe
Stocks/Energy/Oil & Gas Refining & Marketing

Marathon PetroleumMPC

Oil & Gas Refining & Marketing · Findlay, Ohio · In the S&P 500
Cheaper than peers
$444.73+2.83%After hours: $444.70 (−0.01%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 127.2% over 1 year
Marathon Petroleum over 1 yearDaily close, $, to 30 Oct 2026
$200$300$400Nov2026MarMayJulSep$444.73$200$400NovMarJul$444.73
Source: Nasdaq daily closes
Market value$125B
Price to earnings15.3x
Forward P/E6.2x
Dividend yield0.99%
Year to date+173.5%
One year+127.2%
Next earningsTue 3 Nov, before the open
SectorEnergy
52-week range (closes)
$162.63$484.92

Quality and valuation

How Marathon Petroleum compares with other energy stocks. A description, not a recommendation.

Marathon Petroleum and 5 oil & gas refining & marketing peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: cheaper than most

A weaker business than most energy companies, priced below most of them.

Marathon Petroleum trades at 6.2 times the next 12 months of expected earnings, against a median of 12.8x for the 25 energy stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +15.0% vs +13.3%
  • Keeps less of each sale (gross margin): 12.5% vs 25.2%
  • Less profitable (operating margin): 9.2% vs 22.9%
  • Turns less of its sales into cash: 8.4% vs 9.8%
MPC trades at 6.2x forward earnings, below the sector medianForward p/e, Oil & Gas Refining & Marketing peers
VLO5.9xMPC6.2xBP6.9xPSX7.1xSHEL9.3xCVX12.5xXOM12.8xCOP13.3xSector median 12.8xVLO5.9xMPC6.2xBP6.9xPSX7.1xSHEL9.3xCVX12.5xXOM12.8xCOP13.3xSector median 12.8x
Source: CNBC quotes; Mostly Markets
At 15.3x earnings, MPC is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
10x20xAverage 17.0x2025202615.3x10x20xAverage 17.0x2025202615.3x
Source: Nasdaq prices; SEC filings

Financials

From Marathon Petroleum's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 53.8% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$20bn$40bnQ3 ’24Q1 ’25Q3 ’25$52.0bnQ2 ’26$0bn$20bn$40bnQ3 ’24Q1 ’25Q3 ’25$52.0bnQ2 ’26
Source: SEC filings
Growth sped up to +53.8% last quarterRevenue growth, year on year, %
0%20%40%Q3 ’24Q1 ’25Q3 ’2553.8%Q2 ’260%25%50%Q3 ’24Q1 ’25Q3 ’2553.8%Q2 ’26
Source: SEC filings
Operating margin was 14.1% last quarterOperating income as a share of revenue, %
0%5%10%Q3 ’24Q1 ’25Q3 ’2514.1%Q2 ’260%5%10%Q3 ’24Q1 ’25Q3 ’2514.1%Q2 ’26
Source: SEC filings
Free cash flow was $12.9 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$2bn$5bn$8bnQ3 ’24Q1 ’25Q3 ’25$9.1bnQ2 ’26$0bn$5bnQ3 ’24Q1 ’25Q3 ’25$9.1bnQ2 ’26
Source: SEC filings
Last 12 monthsMPCSector median
Revenue growth+15.0%+13.3%
Gross margin12.5%25.2%
Operating margin9.2%22.9%
Free cash flow margin8.4%9.8%
Price to earnings15.3x17.2x

Stories on Marathon Petroleum

Thursday, 22 October
Chart

Three of the S&P 500's Five Best Stocks This Year Make AI Hardware

Sandisk, Dell and Micron are up 200% to 431% in 2026, behind only Moderna, while AppLovin has lost 60.8%, the worst in the index.

SNDK▼ 8.5%
Screens of market charts

Similar companies

Oil & Gas Refining & Marketing, by market value.

CompanyPriceTodayYTDValue
XOMExxon Mobil$187.25+2.16%+55.6%$770B
CVXChevron$235.52+1.75%+54.5%$465B
SHELShell$108.69+0.95%+47.9%$310B
COPConocoPhillips$154.03+2.67%+64.5%$185B
BPBP$50.39+0.08%+45.1%$132B
VLOValero Energy$399.66+3.92%+145.5%$111B
PSXPhillips 66$282.83+3.37%+119.2%$110B
WMBWilliams Companies$74.35−0.71%+23.7%$90.94B