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Last €93.63 EUR
Change Today +1.87 / 2.03%
Volume 0.0
MPN On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 1:55 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

marathon petroleum corp (MPN) Snapshot

Open
€93.41
Previous Close
€91.77
Day High
€94.24
Day Low
€93.05
52 Week High
03/31/15 - €96.52
52 Week Low
07/23/14 - €55.75
Market Cap
25.4B
Average Volume 10 Days
2.7
EPS TTM
--
Shares Outstanding
271.6M
EX-Date
05/18/15
P/E TM
--
Dividend
€1.93
Dividend Yield
1.76%
Current Stock Chart for MARATHON PETROLEUM CORP (MPN)

marathon petroleum corp (MPN) Details

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feed stocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded independent entrepreneurs, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of December 31, 2014, it owned, leased, and had ownership interests in approximately 8,300 miles of pipeline, as well as owned and operated 2,750 gasoline and convenience stores in 22 states of the United States; and had 5,460 retail outlets operated by independent entrepreneurs in 19 states in the United States. The company is headquartered in Findlay, Ohio.

45,340 Employees
Last Reported Date: 02/27/15

marathon petroleum corp (MPN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.5M
President of Speedway LLC
Total Annual Compensation: $568.8K
Senior Vice President of Refining
Total Annual Compensation: $587.5K
Senior Vice President of Supply, Distribution...
Total Annual Compensation: $537.5K
Executive Vice President of Supply, Transport...
Total Annual Compensation: $687.5K
Compensation as of Fiscal Year 2014.

marathon petroleum corp (MPN) Key Developments

Marathon Petroleum Corp. to Pay Fine of Nearly $3 Million and Spend Another $2.8 Million on Pollution Controls at its Distribution Terminals in Indiana, Kentucky and Ohio

On May 19, 2015, the U.S. Justice Department announced that Marathon Petroleum Corp. will pay a fine of nearly $3 million and spend another $2.8 million on pollution controls at its distribution terminals in Indiana, Kentucky and Ohio. It is part of a settlement reached over allegations of Clean Air Act violations against Marathon at 10 facilities. The federal government said Marathon failed to comply with some fuel quality emissions standards along with record keeping, sampling and testing requirements. The company said that most of the alleged violations happened several years ago, and that it is taking steps to prevent them from happening again. The company said that most of the alleged violations were self-disclosed to the U.S. Environmental Protection Agency from 2007 to 2014. An agreement filed in U.S. District Court in Ohio said Marathon will make changes to reduce emissions on 14 fuel storage tanks at distribution terminals in Indiana, Kentucky and Ohio. The Justice Department and EPA said Marathon produced 356 million gallons of reformulated gasoline at its Texas City, Texas, refinery in 2007 that fell below Clean Air Act standards and had another 40 million gallons at the refinery that had too much sulfur in 2009. The government said that the company also was cited by the government for failing to comply with sampling, testing and reporting requirements for fuel production in 2008 and 2009.

Jack Conway Sues Marathon Petroleum Alleging Anticompetitive Practices

Kentucky Attorney General Jack Conway filed a lawsuit in federal court against Marathon Petroleum Corp., alleging that Marathon engages in anti-competitive practices that have led to higher gas prices for Kentucky consumers. According to the complaint, Conway's office believes Marathon violated state and federal antitrust laws by abusing the monopoly created when Marathon and Ashland Oil merged in 1998. The suit alleges that Marathon's monopoly led to higher gas prices for Kentucky consumers and businesses. The price disparity is most pronounced in the Louisville and Covington markets, where retailers are required to sell reformulated gas during the summer months to reduce pollution emissions. Conway's office alleges that Marathon discourages competition by requiring independent retailers to sign unlawful supply agreements that eliminate wholesale competition, by forming exchange agreements with horizontal competitors that keep other suppliers from entering the Kentucky market, and by writing deed restrictions into the sales agreements of some properties sold by Marathon.

Marathon Petroleum Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Second Quarter of 2015

Marathon Petroleum Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported 2015 first-quarter earnings of $891 million, or $3.24 per diluted share, compared with $199 million, or $0.67 per diluted share, for the first quarter of 2014. Total revenues were $7,240 million against $23,345 million a year ago. First-quarter 2015 earnings included pretax pension settlement expenses of $1 million, compared with $64 million for the first quarter of 2014. Total income from operations was $1.47 billion in the first quarter of 2015, compared with $361 million in the first quarter of 2014. Income before income taxes was $1,389 million against $315 million of prior year period. Total capital expenditures and investments were $384 million against $371 million a year ago. Cash provided from operations was $1,190 million against $388 million a year ago. Total Segment EBITDA was $1,910 million ago. First quarter results also benefited from lower maintenance activity relative to the first quarter of last year. The primary drivers for the change in earnings were the $954 million increase in Refining & Marketing and the $110 million increase in Speedway income, partially offset by higher income taxes associated with those higher earnings. For the second quarter of 2015, the company expects throughput volumes to be up about 93,000 barrels a day compared to second quarter 2014 and up about 75,000 versus first quarter of 2015 due to less plant maintenance. Speedway's light product sales volume will be approximately 1.5 billion gallons.

 

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Industry Analysis

MPN

Industry Average

Valuation MPN Industry Range
Price/Earnings 9.1x
Price/Sales 0.3x
Price/Book 2.5x
Price/Cash Flow 6.1x
TEV/Sales 0.2x
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