Skip to Content

Marathon Petroleum Corp MPC

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Marathon Petroleum's Q1 Earnings Fall; Speedway Sale Expected Soon

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Marathon Petroleum reported an adjusted first-quarter loss of $132 million compared with an adjusted loss of $106 million the year before. Refining and marketing operating income fell to a loss of $598 million from an operating loss of $497 million the year before as operating cost reductions were unable to offset narrower crude differentials and lower throughput.  Marathon’s throughput fell to 2.6 million barrels per day during the quarter from 3.0 mmbd/d the year before while the realized margin fell to $10.16 a barrel from $11.86. Midstream segment earnings remained relatively stable, increasing to $972 million from $905 million, as lower operating expenses offset lower gathering and processing volumes.

Read Full Analysis

Company Profile

Business Description

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.8 million barrels per day. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX.

539 South Main Street
Findlay, OH, 45840-3229
T +1 419 422-2121
Sector Energy
Industry Oil & Gas Refining & Marketing
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Hard Assets
Employees 57,900