Marathon Petroleum Corporation (MPC)

Marathon Petroleum Corp. (MPC) stock has experienced notable movements over the past six months. The stock saw a significant increase of 54.93% over the last six months and a 7.30% rise in the last month (as of early October 2025). However, the stock experienced a 9.4% drop on April 30, 2025, following its Q1 earnings report, primarily due to unexpectedly high turnaround expenses and a significant 27% drop in refining and marketing margins. In January 2025, the stock rallied, propelled by robust Q4 2024 results and plans to cut capital spending. In August 2025, MPC reported second-quarter 2025 results, with net income attributable to MPC of $1.2 billion, or $3.96 per diluted share, exceeding analysts' consensus estimates. The company also announced a quarterly dividend of $0.91 per share in July 2025, payable in September 2025. Analyst firms have also impacted the stock, with some increasing price objectives and upgrading ratings in September 2025.

Demand for Marathon Petroleum Corp.'s products, particularly gasoline and distillates, is seasonal in many of its markets, typically reaching its highest levels during the summer months.

Marathon Petroleum Corp. (MPC) is an integrated downstream energy company that refines, markets, and transports petroleum products. It operates one of the largest refining systems in the U.S., producing gasoline, distillates, renewable diesel, petrochemicals, asphalt, and lubricants. MPC serves wholesale marketing customers, independent retailers, and direct dealers, and has a significant presence in midstream operations through its subsidiary, MPLX LP.

MPC's operations are primarily concentrated in the Gulf Coast, Mid-Continent, and West Coast regions of the United States. Its refining facilities are located in key areas such as Texas City, Texas, and Garyville, Louisiana. The company's marketing system includes branded locations across the United States, operating in 37 states, the District of Columbia, and Mexico through independent entrepreneurs, and it maintains a substantial retail presence across many regions.

Marathon Petroleum Corp. has demonstrated a strong commitment to safety and environmental stewardship, which has positively impacted its brand reputation. In 2024, the company achieved its lowest company-wide OSHA recordable injury rate and strongest environmental performance in the last five years. In October 2025, six Marathon Petroleum refineries were recognized for superior energy efficiency. For the fifth consecutive year, MPC earned the ENERGY STAR® Partner of the Year – Sustained Excellence Award.

Marathon Petroleum Corporation's ownership is heavily dominated by institutional investors, who hold approximately 77% to 79% of the company's shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Wellington Management Group Llp, Geode Capital Management, Llc, Morgan Stanley, and Boston Partners. The Vanguard Group, Inc. is noted as the largest shareholder, holding around 10% to 13% of outstanding shares. The general public, primarily individual investors, holds approximately 21% to 22% ownership.