# Marathon Petroleum Corp: overview

MPC · NYSE · CIK 1510295 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mpc.md) · [Financials](/companies/mpc/financials.md) · [Filings](/companies/mpc/filings.md) · [Insiders](/companies/mpc/insiders.md)

Latest reported revenue: [$51.99bn](/filings/0001510295-26-000061.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001510295-26-000061).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [35.1](/filings/0001510295-25-000064.md) | [33.1 d](/filings/0001510295-26-000009.md) | [31.5](/filings/0001510295-26-000042.md) | [33.8](/filings/0001510295-26-000061.md) | [34.8](/filings/0001510295-25-000064.md) | [32.6 d](/filings/0001510295-26-000009.md) | [34.2](/filings/0001510295-26-000042.md) | [52.0](/filings/0001510295-26-000061.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [3.8%](/filings/0001510295-25-000064.md) | [3.4% d](/filings/0001510295-26-000009.md) | [2.2%](/filings/0001510295-26-000042.md) | [6.5%](/filings/0001510295-26-000061.md) | [7.8%](/filings/0001510295-25-000064.md) | [8.3% d](/filings/0001510295-26-000009.md) | [4.1%](/filings/0001510295-26-000042.md) | [14.1%](/filings/0001510295-26-000061.md) |
| Net margin | % | [1.8%](/filings/0001510295-25-000064.md) | [1.1% d](/filings/0001510295-26-000009.md) | [(0.2%)](/filings/0001510295-26-000042.md) | [3.6%](/filings/0001510295-26-000061.md) | [3.9%](/filings/0001510295-25-000064.md) | [4.7% d](/filings/0001510295-26-000009.md) | [1.5%](/filings/0001510295-26-000042.md) | [9.9%](/filings/0001510295-26-000061.md) |
| Diluted EPS | $ per share | [1.87](/filings/0001510295-25-000064.md) | not reported | [(0.24)](/filings/0001510295-26-000042.md) | [3.96](/filings/0001510295-26-000061.md) | [4.51](/filings/0001510295-25-000064.md) | not reported | [1.73](/filings/0001510295-26-000042.md) | [17.73](/filings/0001510295-26-000061.md) |
| Free cash flow | $bn | [1.0 d](/filings/0001510295-25-000064.md) | [1.4 d](/filings/0001510295-26-000009.md) | [(0.7)](/filings/0001510295-26-000042.md) | [1.9 d](/filings/0001510295-26-000061.md) | [1.7 d](/filings/0001510295-25-000064.md) | [1.9 d](/filings/0001510295-26-000009.md) | [0.2](/filings/0001510295-26-000042.md) | [9.1 d](/filings/0001510295-26-000061.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [120](/filings/0001510295-24-000015.md) | [177](/filings/0001510295-25-000012.md) | [148](/filings/0001510295-26-000009.md) | [139](/filings/0001510295-26-000009.md) | [133](/filings/0001510295-26-000009.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [3.6%](/filings/0001510295-24-000015.md) | [12.1%](/filings/0001510295-25-000012.md) | [9.8%](/filings/0001510295-26-000009.md) | [4.9%](/filings/0001510295-26-000009.md) | [6.2%](/filings/0001510295-26-000009.md) |
| Net margin | % | [8.1%](/filings/0001510295-24-000015.md) | [8.2%](/filings/0001510295-25-000012.md) | [6.5%](/filings/0001510295-26-000009.md) | [2.5%](/filings/0001510295-26-000009.md) | [3.0%](/filings/0001510295-26-000009.md) |
| Diluted EPS | $ per share | [15.24](/filings/0001510295-24-000015.md) | [28.12](/filings/0001510295-25-000012.md) | [23.63](/filings/0001510295-26-000009.md) | [10.08](/filings/0001510295-26-000009.md) | [13.22](/filings/0001510295-26-000009.md) |
| Free cash flow | $bn | [2.9](/filings/0001510295-24-000015.md) | [13.9](/filings/0001510295-25-000012.md) | [12.2](/filings/0001510295-26-000009.md) | [6.1](/filings/0001510295-26-000009.md) | [4.8](/filings/0001510295-26-000009.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mpc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $6.65bn | 26,006,017 |  | Added +1,611,175 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $4.88bn | 19,074,289 |  | Reduced −95,805 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $4.72bn | 18,471,905 |  | Reduced −553,115 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $4.00bn | 15,631,265 |  | Reduced −40,848 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $2.13bn | 8,351,157 |  | Added +529,633 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $1.51bn | 5,887,382 |  | Reduced −186,161 |
| [RAYMOND JAMES FINANCIAL INC](/funds/720005.md) | 2026-06-30 | $1.45bn | 5,684,963 |  | Reduced −88,806 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $1.39bn | 5,419,718 |  | Added +508,637 |
| [Bank of New York Mellon Corp](/funds/1390777.md) | 2026-06-30 | $1.03bn | 4,027,107 |  | Added +73,789 |
| [Boston Partners](/funds/1386060.md) | 2026-06-30 | $905.8m | 3,515,417 |  | Reduced −2,133,787 |

## Recent filings

[All 1,874 filings](/companies/mpc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:59 ET | [8-K](/filings/0001510295-26-000063.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001510295-26-000063 |
| 2026-08-04 | 14:34 ET | [10-Q](/filings/0001510295-26-000061.md) | Quarterly report, period 2026-06-30 | 0001510295-26-000061 |
| 2026-08-04 | 06:49 ET | [8-K](/filings/0001510295-26-000060.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001510295-26-000060 |
| 2026-06-29 | 09:19 ET | [8-K](/filings/0001510295-26-000055.md) | 8.01 Other events | 0001510295-26-000055 |
| 2026-05-05 | 13:03 ET | [10-Q](/filings/0001510295-26-000042.md) | Quarterly report, period 2026-03-31 | 0001510295-26-000042 |
| 2026-05-05 | 06:48 ET | [8-K](/filings/0001510295-26-000039.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001510295-26-000039 |
| 2026-05-01 | 16:26 ET | [8-K](/filings/0001510295-26-000033.md) | 5.07 Shareholder vote results | 0001510295-26-000033 |
| 2026-04-13 | 16:46 ET | [8-K](/filings/0001510295-26-000029.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.02 Results of operations; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001510295-26-000029 |
| 2026-03-16 | 16:10 ET | [DEF 14A](/filings/0001510295-26-000023.md) | Proxy statement, period 2026-04-29 | 0001510295-26-000023 |
| 2026-02-26 | 13:30 ET | [10-K](/filings/0001510295-26-000009.md) | Annual report, period 2025-12-31 | 0001510295-26-000009 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001510295-26-000009.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/bf740197-03ad-484b-83ad-df223922021f)

## About the filer

- CIK: 1510295
- Tickers: MPC
- Exchange: NYSE
- SIC code: 2911 Petroleum Refining
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 17:00 ET. No prices; not investment advice.