Last $105.00 USD
Change Today -2.04 / -1.91%
Volume 2.2M
MPC On Other Exchanges
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

marathon petroleum corp (MPC) Key Developments

Marathon Petroleum Corporation Presents at Morgan Stanley Marcellus / Utica Mini-Conference, Sep-19-2012

Marathon Petroleum Corporation Presents at Morgan Stanley Marcellus / Utica Mini-Conference, Sep-19-2012 .

Marathon Petroleum Corporation Presents at UBS Houston Energy Conference, Aug-10-2011

Marathon Petroleum Corporation Presents at UBS Houston Energy Conference, Aug-10-2011 . Venue: Houston, Texas, United States.

Marathon Petroleum Corporation Provides Capital Expenditure Guidance for the Year 2015

Marathon Petroleum Corporation provides capital expenditure guidance for the year 2015. For the year 2015, the company expects capital investments of $2.53 billion.

Marathon Petroleum Corporation Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Marathon Petroleum Corporation reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. The company reported 2014 fourth-quarter earnings of $798 million, or $2.86 per diluted share, compared with $626 million, or $2.07 per diluted share, in the fourth quarter of 2013. Total revenues and other income was $22,343 million against $24,932 million a year ago. Income from operations was $1,259 million against $1,008 million a year ago. Net income attributable to MPC was $798 million against $626 million a year ago. Income before income taxes was $1,187 million compared to $969 million a year ago. Capital expenditures and investments were $726 million compared to $521 million a year ago. Operating cash flow before changes in working capital was a $1.1 billion source of cash. Earnings were $2.52 billion, or $8.78 per diluted share, for the full-year 2014, compared with $2.11 billion, or $6.64 per diluted share, in 2013. Total revenues and other income was $98,102 million against $100,254 million a year ago. Income from operations was $4,051 million against $3,425 million a year ago. Net income attributable to MPC was $2,524 million against $2,112 million a year ago. Income before income taxes was $3,835 million compared to $3,246 million a year ago. Capital expenditures and investments were $4,738 million compared to $2,789 million a year ago. EBITDA was about $5.4 billion. The company generated $3.1 billion in cash from operations and $1 billion of free cash flow, excluding the Hess Retail acquisition.

Marathon Petroleum Defers Expansion Project at Garyville Refinery

Marathon Petroleum is defering the final investment decision (FID) on expanding the residual oil upgrader at its Garyville refinery in Louisiana. Marathon will continue investing to improve the connectivity between its Galveston Bay and Texas City refineries in Texas in order to realise additional synergies through the integration of the two refineries. Marathon's 2015 refining and marketing capital plan is worth $1.28 billion.

 

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Industry Analysis

MPC

Industry Average

Valuation MPC Industry Range
Price/Earnings 12.2x
Price/Sales 0.3x
Price/Book 2.8x
Price/Cash Flow 7.6x
TEV/Sales 0.2x
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