A month has gone by since the last earnings report for Marathon Petroleum (MPC) . Shares have added about 0.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Marathon Petroleum due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Marathon Q4 Earnings Beat EstimatesMar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35054 Marathon Petroleum Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

Marathon Petroleum (MPC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this refiner have returned +6.7%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Marathon Petroleum falls in, has gained 3.8%. The key question now is: What could be the stock's future direction ...

Shares of Marathon Petroleum (MPC -0.72%) rallied 11.6% in January, according to data provided by S&P Global Market Intelligence. The main factor fueling the double-digit rise in the refining stock was its strong fourth-quarter results. The company also plans to trim its investment spending this year, which would, depending on market conditions, increase its free cash flow and ability to return money to shareholders. A solid end to another solid yearMarathon Petroleum reported its fourth-quarter and full-ye ...

Independent oil refiner and marketer Marathon Petroleum Corp. (MPC) reported fourth-quarter adjusted earnings per share of $3.98, which comfortably beat the Zacks Consensus Estimate of $2.36. The outperformance primarily reflects the stronger-than-expected performance of its key Refining & Marketing segment. Operating income of the segment totaled $1.2 billion, above the consensus mark of $812 million.However, the company’s bottom line fell from the year-ago adjusted profit of $6.65 due to a higher unit ope ...

FINDLAY, Ohio, Jan. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Eileen P. Drake and Kimberly N. Ellison-Taylor have been elected to the company's board of directors, effective March 1, 2024. Drake previously served as chief executive officer and president of Aerojet Rocketdyne Holdings, Inc., an aerospace and defense products manufacturer, from 2015 until its acquisition by L3Harris Technologies, Inc. in 2023. Ellison-Taylor is a former global leader at Oracle Corporat ...

R&M Margin Indicator Midstream Return of Capital to Noncontrolling Interests (a) First-Quarter 2024 Outlook 20 (a) Income taxes for adjusted earnings were calculated by applying a combined federal and state statutory tax rate of 22% to the pre-tax adjustments. The corresponding adjustments to reported income taxes are shown in the table. Segment Income from Operations to Segment Adjusted EBITDA and Adjusted EBITDA 29 100% Solid commercial execution 1,500 5,000 Superior Cash Flow Generation | --- | --- | --- ...

Marathon Petroleum Corporation (NYSE:MPC) Q4 2023 Earnings Conference Call January 30, 2024 11:00 AM ET Company Participants Kristina Kazarian - Investor Relations Mike Hennigan - Chief Executive Officer Maryann Mannen - President John Quaid - Chief Financial Officer Rick Hessling - Chief Commercial Officer Conference Call Participants Neil Mehta - Goldman Sachs Manav Gupta - UBS Doug Leggate - Bank of America Securities Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Theresa Chen - ...

For the quarter ended December 2023, Marathon Petroleum (MPC) reported revenue of $36.82 billion, down 8.2% over the same period last year. EPS came in at $3.98, compared to $6.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $33.73 billion, representing a surprise of +9.18%. The company delivered an EPS surprise of +68.64%, with the consensus EPS estimate being $2.36.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

FINDLAY, Ohio, Jan. 30, 2024 /PRNewswire/ --  Fourth-quarter net income attributable to MPC of $1.5 billion, or $3.84 per diluted share; adjusted net income of $1.5 billion, or $3.98 per adjusted diluted share Full-year 2023 net income attributable to MPC of $9.7 billion, or $23.63 per diluted share; adjusted net income of $9.7 billion, or $23.63 per adjusted diluted share Full-year net cash provided by operating activities of $14.1 billion, supporting the return of $12.8 billion of capital to shareholders ...