OakChart

Marathon Petroleum Corp

MPCEnergy·Oil & Gas Refining & Marketing·USA·Large·NYSE·Nov 11 • 9:21 AM ET

397.16+7.61 (1.95%)
2026-11-11 15:25 CET
Market cap
106,067.45 USD m
Revenue, TTM
174,940.00 USD m
Net income, TTM
14,618.00 USD m
Free cash flow, TTM
20,842.00 USD m
EPS diluted, TTM
51.12
P/E
7.77
Compare

Price

MPC against its 20, 50 and 200-day averages
2050200beat
200.00300.00400.00500.004.9M9.9MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MPCclose 397.1620-day 434.4950-day 422.77200-day 299.37397.16

19.6% under 493.98 on 19 Oct 2026. Last 15 sessions, 30.1% high to low

Profile

MPC
52-week range, 71% of the way up
161.93493.98

Marathon Petroleum Corp. engages in the refining, marketing, and transportation of petroleum products. It operates through the Refining and Marketing, and Midstream segments. The Refining and Marketing segment includes refining crude oil and other feedstocks, purchasing ethanol, and refined products for resale and distribution of refined products. The Midstream segment refers to transportation, storing, distribution, and marketing of crude oil and refined products. The company was founded in 1887 and is headquartered in Findlay, OH.

IndexS&P 500, RUI
Employees18500
IPOJun 23, 2011
Beta0.53
ATR, 14d19.06
Rel volume0.04
Short float2.35%
Insider own0.32%
Inst own82.01%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap108.14B
Enterprise Value135.63B
Income14.62B
Sales174.94B
Book/sh84.40
Cash/sh49.98
Dividend Est.4.09 (1.03%)
Dividend TTM4.00 (1.01%)
Dividend Ex-DateNov 18, 2026
Dividend Gr. 3/5Y14.42% 9.96%
Payout28.23%
Employees18500
IPOJun 23, 2011

Ratios

P/E7.77
Forward P/E6.53
PEG0.16
P/S0.62
P/B4.71
P/C7.95
P/FCF5.19
EV/EBITDA5.41
EV/Sales0.78
Quick Ratio1.09
Current Ratio1.45
Debt/Eq1.48
LT Debt/Eq1.46
Option/ShortYes / Yes

Earnings

EPS (ttm)51.12
EPS next Y60.85
EPS next Q22.43
EPS this Y534.70%
EPS next Y-10.40%
EPS next 5Y41.94%
EPS past 3/5Y-22.25% -
Sales past 3/5Y-9.26% 13.89%
EPS Y/Y TTM446.09%
Sales Y/Y TTM31.77%
EPS Q/Q490.48%
Sales Q/Q62.58%
EarningsNov 03 BMO
EPS/Sales Surpr.6.15% 21.20%

Ownership

Insider Own0.32%
Insider Trans-3.87%
Inst Own82.01%
Inst Trans-2.84%
ROA15.74%
ROE72.54%
ROIC25.63%
Gross Margin14.56%
Oper. Margin12.45%
Profit Margin8.36%
SMA20-8.59%
SMA50-6.06%
SMA20032.67%
Trades-

Technical

Shs Outstand275.00M
Shs Float271.41M
Short Float2.35%
Short Ratio2.49
Short Interest6.38M
52W High493.98 -19.60%
52W Low161.93 145.27%
Volatility6.03% 4.53%
ATR (14)19.06
RSI (14)41.07
Beta0.53
Rel Volume0.04
Avg Volume2.56M
Volume5,627

Performance

Perf Week1.14%
Perf Month-16.73%
Perf Quarter11.45%
Perf Half Y59.44%
Perf YTD144.21%
Perf Year98.45%
Perf 3Y173.66%
Perf 5Y501.76%
Perf 10Y803.46%
Recom2.29
Target Price476.06
Prev Close389.55
Price397.16
Change %1.95%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 22, 2026DowngradeJJefferiesBuy → Hold$413+4.0%
Aug 05, 2026ReiteratedTTD CowenBuy$357 → $375-5.6%
May 06, 2026ReiteratedTTD CowenBuy$299 → $320-19.4%
Feb 04, 2026ReiteratedTTD CowenBuy$183 → $198-50.1%
Oct 17, 2025InitiatedWWells FargoOverweight$214-46.1%
Aug 06, 2025ReiteratedTTD CowenBuy$190 → $182-54.2%
Jul 15, 2025DowngradeRRaymond JamesStrong Buy → Outperform$200-49.6%
Jul 14, 2025DowngradeWWolfe ResearchOutperform → Peer Perform
Jun 18, 2025InitiatedEEvercore ISIIn-line$170-57.2%
Jun 10, 2025ReiteratedTTD CowenBuy$152 → $163-59.0%

Peers

Mkt cap
TickerCompanyMkt cap
VLOValero Energy Corp100.02B
PSXPhillips 66100.41B
DINOHF Sinclair Corp17.18B
PBFPBF Energy Inc8.20B
CVICVR Energy Inc3.94B
DKDelek US Holdings Inc3.94B
PARRPar Pacific Holdings Inc3.47B
SUNSunoco LP12.95B
CVXChevron Corp417.26B
XOMExxonMobil Holdings Corp674.50B

Insider trading

latest 14 of 34
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Lyon Shawn MSVP Log & Storage, MPLX GP LLCAug 31 '26Sale375.751,000375,75011,194Sep 01 04:40 PM
Lyon Shawn MSVP Log & Storage, MPLX GP LLCAug 28 '26Sale368.51425156,61712,194Sep 01 04:40 PM
Lyon Shawn MOfficerAug 31 '26Proposed Sale375.741,000375,735Aug 31 04:48 PM
Brzezinski Erin MVP and ControllerAug 27 '26Sale362.79570206,7901,576Aug 31 04:11 PM
Lyon Shawn MOfficerAug 28 '26Proposed Sale368.49425156,608Aug 28 04:42 PM
Brzezinski Erin MOfficerAug 27 '26Proposed Sale362.79570206,790Aug 27 09:58 AM
HAGEDORN CARL KRISTOPHEROfficerAug 24 '26Proposed Sale361.16897323,961Aug 24 04:23 PM
Lyon Shawn MOfficerAug 13 '26Proposed Sale349.992,500874,975Aug 20 10:35 AM
Benson Molly RChief Legal Ofc & Corp SecAug 17 '26Option Exercise47.7317,196820,76537,530Aug 19 04:08 PM
Benson Molly RChief Legal Ofc & Corp SecAug 17 '26Sale358.5717,1966,165,97030,334Aug 19 04:08 PM
Lyon Shawn MSVP Log & Storage, MPLX GP LLCAug 13 '26Sale350.002,500875,00012,619Aug 17 05:14 PM
Benson Molly ROfficerAug 17 '26Proposed Sale358.5717,1966,165,970Aug 17 10:52 AM
Henschen Michael A IIEx VP, RefiningAug 12 '26Sale341.566,0112,053,09910,889Aug 14 04:09 PM
Henschen Michael A IIOfficerAug 12 '26Proposed Sale341.566,0112,053,097Aug 12 01:05 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
XLEState Street Energy Select Sector SPDR ETFAUM: 40.93B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B
VDEVanguard Energy ETFAUM: 10.46B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B

News

latest 14 of 103
  • BoE rate peak of 4.25% will not be enough, NIESR says in Autumn 2026 outlook (Investing.com)
  • 3 Oil Stocks to Buy on the Dip After Crushing Q3 Expectations: CVI, DK, NOG (Zacks)
  • Seven OPEC+ Producers Keep December Output Unchanged While Crude Opens Lower (PR Newswire)
  • St. Paul Park refinery sold as part of $4.2B deal (Pioneer Press, St. Paul, Minn.)
  • ?? Listen: Global Conflicts Have Meant Huge Profits for U.S. Oil Refiners (The Wall Street Journal) -8.11%
  • Loading…
  • CVR Energy to acquire two US refineries from Marathon for $4.2bn (Offshore Technology)
  • Marathon Petroleum Posts Record Quarter, But A Narrow Beat And Slipping Margin Capture Temper The Victory Lap (Earnings Whispers)
  • Marathon Petroleum's Profit Surges Fivefold as Refining Margins Explode (Oilprice.com)
  • Oil Looks to Doha and Washington for Signs of a U.S.-Iran Ceasefire (PR Newswire)
  • Marathon Petroleum Corp. Reports Third-Quarter 2026 Results (PR Newswire)
  • Marathon Petroleum Corp to Divest Minnesota and North Dakota Refineries & MPLX LP to Divest Related Midstream Assets (PR Newswire)
  • CVR Energy Announces Transformative Transaction to Acquire 2 Refineries and Marketing Platform From Marathon Petroleum (Business Wire)
  • Advanced Micro heads another batch of tech earnings (MarketWatch)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-0326.93025.37126.59056,48746,60518
2026Q22026-08-0417.73014.26917.70052,33740,86617
2026Q12026-05-051.6500.7391.73234,56833,41917
2025Q42026-02-034.0702.7225.11333,42231,08518
2025Q32025-11-043.0103.1454.50035,84933,45418
2025Q22025-08-053.9603.2393.95834,10133,32216
2025Q12025-05-06-0.122-0.542-0.23631,85031,86917
2024Q42025-02-040.7700.0221.15633,46633,14117
2024Q32024-11-051.8700.9861.87435,37334,34317
2024Q22024-08-064.1203.0904.32638,36236,65615
2024Q12024-04-302.5802.5392.58633,21132,07215
2023Q42024-01-303.9802.1903.84436,82334,90313
2023Q32023-10-318.1407.7478.27841,58337,66516
2023Q22023-08-015.3204.5555.31336,82432,60517
2023Q12023-05-026.0905.5526.09435,07733,18116
2022Q42023-01-316.6505.6667.09240,09333,92516

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY4.9404.1193.970124,880125,955
2020FY-3.440-3.893-15.14269,03269,681
2021FY2.4501.7462.690120,930107,963
2022FY26.16025.40628.116179,952174,220
2023FY23.63021.92223.648150,307148,442
2024FY9.5108.68310.094140,412135,408
2025FY10.7009.59513.220135,222132,728
2026FY-67.912--186,236
2027FY-60.849--171,652
2028FY-30.599--159,077
2029FY-37.475---
2030FY-16.990---

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0485047,06335,44157,436
2026Q4S2026-11-0385047,05935,44157,436
2026Q4S2026-10-2084045,57635,44157,436
2026Q4S2026-10-1884045,39735,44157,436
2026Q4S2026-10-1486045,39735,44157,436
2026Q4S2026-10-0886045,22335,44156,041
2026Q4S2026-10-0786045,22535,44156,041
2026Q4S2026-09-3086044,41735,44156,041
2026Q4S2026-09-1785142,03333,42951,279
2026Q4S2026-09-0785141,45833,42951,279
2026Q4S2026-08-1185241,43533,42951,279
2026Q4S2026-08-0784340,45733,42951,279
2026Q4S2026-08-0584340,36833,42951,279
2026Q4S2026-08-0484340,32333,42951,279

Estimate history

EPS, annual6.6995.2833.97-15.1422.6928.11623.64810.09413.21251.117
Period201720182019202020212022202320242025TTM
EPS, quarterly1.8741.156-0.2363.9584.55.1131.73217.726.571
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual745949613611047469157119777177411148460138517132542174940
Period201720182019202020212022202320242025TTM
Sales, quarterly349333306731393336603464132851342345153456321
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual486680649651579454368316295275
Period201720182019202020212022202320242025MRQ
Shares, quarterly325316309304301295293283275
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue174,940.00132,542.00138,517.00148,460.00177,411.00119,777.0069,157.00110,474.0096,136.00
Cost of Goods Sold Incl. D&A149,464.00122,672.00129,483.00131,858.00154,861.00112,936.0069,142.00102,376.0088,494.00
Gross Profit25,476.009,870.009,034.0016,602.0022,550.006,841.0015.008,098.007,642.00
Selling, General and Administrative Excl. Other3,697.003,349.003,221.003,039.002,772.002,537.002,786.003,017.002,371.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income21,779.006,521.005,813.0013,563.0019,778.004,304.00-2,771.005,081.005,271.00
Interest Expense1,573.001,412.001,344.001,277.001,216.001,300.001,372.001,265.00973.00
Unusual Expense105.0025.0093.0017.0027.00629.008,602.001,209.00160.00
Net Income Before Taxes20,530.007,015.005,957.0013,989.0020,469.002,817.00-13,612.003,233.004,568.00
Income Taxes4,284.001,137.00890.002,817.004,491.00264.00-2,430.00784.00962.00
Consolidated Net Income16,233.005,874.005,064.0011,165.0015,970.002,551.00-11,183.002,448.003,605.00
Net Income From Continuing Operations14,618.004,043.003,442.009,674.0014,436.001,288.00-11,032.001,830.002,779.00
Net Income14,618.004,043.003,442.009,672.0014,508.001,716.00-9,827.002,636.002,779.00
EPS (Recurring)52.4713.2710.2823.6828.153.38-5.865.245.50
EPS (Basic, Before Extraordinaries)51.2913.2610.1223.7628.342.71-15.144.005.36
EPS (Diluted)51.1213.2110.0923.6528.122.69-15.143.975.28
EBITDA25,090.009,874.009,230.0016,943.0022,993.007,612.00604.008,306.007,761.00
Non-Operating Income (Expense)429.001,931.001,581.001,720.001,934.00442.00-867.00626.00430.00
Other After Tax Adjustments-13.00-4.00-3.00-7.00-8.00-2.00-1.00-1.00-1.00
Stock Option Compensation Expense113.76122.00104.00160.00116.0066.0075.00118.00101.00
Price To Earnings Ratio7.627.6211.055.545.1123.36-15.1111.10
Price To Sales Ratio0.630.380.340.410.340.340.390.360.32
Gross Margin14.567.456.5211.1812.715.710.027.337.95
Operating Margin12.454.924.209.1411.153.59-4.014.605.48
Net Margin8.363.052.486.518.181.43-14.212.392.89
Shares Outstanding275.00295.00316.00368.00454.00579.00651.00649.00680.00
Market Capitalization106,067.45106,067.4544,833.7756,331.8554,547.4539,391.4826,910.9339,121.6540,767.29

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue56,321.0051,534.0034,234.0032,851.0034,641.0033,660.0031,393.0033,067.00
Cost of Goods Sold Incl. D&A44,631.0043,897.0031,230.0029,706.0032,035.0030,845.0030,086.0031,372.00
Gross Profit11,690.007,637.003,004.003,145.002,606.002,815.001,307.001,695.00
Selling, General and Administrative Excl. Other1,100.00894.00867.00836.00863.00867.00783.00804.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income10,590.006,743.002,137.002,309.001,743.001,948.00524.00891.00
Interest Expense401.00396.00398.00378.00345.00344.00345.00322.00
Unusual Expense510.00-912.00519.00-12.004.00-31.0067.0013.00
Net Income Before Taxes10,163.006,982.001,034.002,351.002,403.001,878.00383.00896.00
Income Taxes2,285.001,444.00183.00372.00460.00268.0037.00111.00
Consolidated Net Income7,871.005,533.00851.001,978.001,941.001,609.00346.00784.00
Net Income From Continuing Operations7,440.005,133.00511.001,534.001,368.001,215.00-74.00370.00
Net Income7,440.005,133.00511.001,534.001,368.001,215.00-74.00370.00
EPS (Recurring)27.8515.502.965.094.513.89-0.091.18
EPS (Basic, Before Extraordinaries)26.6717.761.735.134.513.96-0.241.16
EPS (Diluted)26.5717.701.735.114.503.96-0.241.16
EBITDA11,426.007,581.002,946.003,137.002,584.002,737.001,317.001,717.00
Non-Operating Income (Expense)484.00-277.00-186.00408.001,009.00243.00271.00340.00
Other After Tax Adjustments-7.00-5.000.00-1.00-2.00-1.000.00-1.00
Stock Option Compensation Expense17.3818.96-5.5382.95-15.8012.6474.77
Price To Earnings Ratio7.6216.7118.3117.3428.5523.3314.6611.05
Price To Sales Ratio0.630.480.530.370.440.380.330.32
Gross Margin20.7614.828.779.577.528.364.165.13
Operating Margin18.8013.086.247.035.035.791.672.69
Net Margin13.219.961.494.673.953.61-0.241.12
Shares Outstanding275.00283.00293.00295.00301.00304.00309.00316.00
Market Capitalization106,067.4574,639.5371,969.6148,886.9058,596.8151,031.3245,386.9544,833.77

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments3,672.003,210.0010,224.0011,770.0010,839.00416.001,394.001,725.003,015.00
Short Term Receivables10,317.0011,145.0011,619.0013,477.0011,034.005,760.007,233.005,853.004,695.00
Inventories10,129.009,568.009,317.008,827.008,055.007,999.009,804.009,837.005,550.00
Other Current Assets662.00524.00971.001,168.00568.0014,112.0012,027.00608.00141.00
Total Current Assets24,780.0024,447.0032,131.0035,242.0030,496.0028,287.0030,458.0018,023.0013,401.00
Net Property, Plant & Equipment38,890.0036,328.0036,345.0036,871.0038,812.0040,556.0042,676.0045,058.0026,443.00
Total Investments and Advances6,795.006,857.006,260.006,466.005,409.005,422.006,568.005,898.004,787.00
Long-Term Note Receivable--------1.00
Intangible Assets12,068.009,947.0010,009.0010,120.0010,391.0010,616.0018,456.0023,498.004,217.00
Deferred Tax Assets1,608.001,497.001,426.001.002.003.0020.0029.0013.00
Other Assets1,419.001,277.001,241.001,204.00263.00274.00378.00434.00186.00
Total Assets85,560.0080,353.0087,412.0089,904.0085,373.0085,158.0098,556.0092,940.0049,047.00
Short Term Debt Incl. Current Port. of LT Debt2,860.003,466.002,408.001,434.001,009.003,351.001,218.00544.00624.00
Accounts Payable12,974.0013,906.0013,761.0015,312.0013,700.007,803.0011,222.009,366.008,297.00
Income Tax Payable1,484.001,204.001,221.001,140.001,231.001,105.001,015.001,446.00670.00
Other Current Liabilities2,360.002,251.002,760.002,134.001,958.003,404.003,493.001,860.00887.00
Total Current Liabilities19,678.0020,827.0020,150.0020,020.0017,898.0015,663.0016,948.0013,216.0010,478.00
Long Term Debt31,498.0025,292.0026,093.0026,475.0025,895.0029,744.0029,320.0026,980.0012,322.00
Provision for Risks Charges1,398.001,367.001,320.001,300.001,202.002,304.001,801.001,731.001,220.00
Deferred Tax Liabilities7,589.007,266.007,259.005,904.005,638.006,203.006,392.004,864.002,654.00
Other Liabilities1,311.001,095.001,191.001,118.001,159.001,024.00988.001,096.00545.00
Total Liabilities61,474.0055,847.0056,013.0054,817.0051,792.0054,938.0055,449.0047,887.0027,219.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity17,314.0017,745.0024,404.0027,715.0026,206.0022,199.0033,694.0035,175.0014,033.00
Total Shareholders Equity17,314.0017,745.0024,404.0027,715.0026,206.0022,199.0033,694.0035,175.0014,033.00
Accumulated Minority Interest6,772.006,761.006,995.007,372.007,375.008,021.009,413.009,878.007,795.00
Total Equity24,086.0024,506.0031,399.0035,087.0033,581.0030,220.0043,107.0045,053.0021,828.00
Total Liabilities & Stockholders Equity85,560.0080,353.0087,412.0089,904.0085,373.0085,158.0098,556.0092,940.0049,047.00
Book Value Per Share58.6956.1666.3261.0545.2634.1051.9251.7328.87
Tangible Book Value Per Share17.7824.6839.1238.7627.3117.7923.4817.1720.20
Full-Time Employees18,50018,30018,20017,80017,70057,90060,91060,35043,800
Price to Book Ratio4.622.392.212.081.411.211.161.142.54
Return on Assets4.874.1010.9116.471.51-12.011.913.917.34
Return on Equity23.0616.3337.1253.555.32-39.485.3111.2924.86
Return on Invested Capital8.288.0019.1626.773.29-18.924.184.4713.01
Quick Ratio0.740.711.131.321.251.301.220.620.75
Current Ratio1.261.171.591.761.701.811.801.361.28

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income16,246.005,878.005,067.0011,172.0016,050.0011,001.00-9,977.003,443.003,606.00
Depreciation3,311.003,251.003,337.003,307.003,215.003,308.003,375.003,225.002,490.00
Other Funds (Non Cash)1,915.00-501.00238.00-82.00-1,454.00-10,558.008,802.001,246.00221.00
Funds from Operations21,349.008,910.008,518.0014,369.0018,101.003,582.001,959.008,721.006,364.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital3,900.00-657.00147.00-252.00-1,740.00778.00460.00720.00-206.00
Cash from Operating Activities25,249.008,253.008,665.0014,117.0016,361.004,360.002,419.009,441.006,158.00
Capital Expenditures-4,407.00-3,486.00-2,533.00-1,890.00-2,420.00-1,464.00-2,787.00-4,810.00-3,578.00
Net Assets From Acquisitions-250.00-3,716.00-1,014.00-846.00-904.00-630.000.00-129.00-3,822.00
Sale of Fixed Assets and Businesses1,019.001,005.0035.0036.0090.00153.00150.00144.0066.00
Purchase or Sale of Investments-1,648.00-343.004,524.00-1,697.002,542.00-5,719.00-348.00-966.00-393.00
Purchase of Investments-1,830.00-1,064.00-3,458.00-9,102.00-6,428.00-12,708.00-485.00-1,064.00-409.00
Sale Or Maturity of Investments182.00721.007,982.007,405.008,970.006,989.00137.0098.0016.00
Other Uses0.000.000.000.000.000.00-335.00-484.000.00
Other Sources251.00273.00196.00702.00824.0021,827.0063.0081.0069.00
Cash from Investing Activities-5,035.00-6,267.001,208.00-3,695.00132.0014,167.00-3,257.00-6,164.00-7,658.00
Cash Dividends Paid-1,164.00-1,140.00-1,154.00-1,261.00-1,279.00-1,484.00-1,510.00-1,398.00-954.00
Change in Capital Stock-7,286.00-3,464.00-9,164.00-11,510.00-11,679.00-4,548.0011.00-1,940.00-3,263.00
Repurchase of Common Pref Stock-7,289.00-3,488.00-9,189.00-11,572.00-11,922.00-4,654.000.00-1,950.00-3,287.00
Sale of Common Pref Stock3.0024.0025.0062.00243.00106.0011.0010.0024.00
Proceedsfrom Stock Options3.0024.0025.0062.00243.00106.0011.0010.0024.00
Issuance or Reduction of Debt, Net47.004,623.00-368.00495.001,060.00-6,273.002,676.001,179.005,358.00
Change in Long Term Debt47.004,623.00-368.00495.001,060.00-5,250.001,652.001,179.005,358.00
Issuance of Long Term Debt3,669.0011,086.001,616.001,574.003,340.0012,150.0017,032.0014,252.0013,390.00
Reduction of Long Term Debt-3,622.00-6,463.00-1,984.00-1,079.00-2,280.00-17,400.00-15,380.00-13,073.00-8,032.00
Net Financing Active Other Cash Flow-1,658.00-1,543.00-1,422.00-1,331.00-1,258.00-1,484.00-1,312.00-1,314.00-931.00
Other Financing Activities Uses-1,658.00-1,543.00-1,422.00-1,331.00-1,258.00-1,484.00-1,312.00-1,314.00-931.00
Cash from Financing Activities-10,061.00-1,524.00-12,108.00-13,607.00-13,156.00-13,789.00-135.00-3,473.00210.00
Net Change in Cash10,153.00462.00-2,235.00-3,185.003,337.004,738.00-973.00-196.00-1,290.00
Free Cash Flow20,842.004,767.006,132.0012,227.0013,941.002,896.00-368.004,631.002,580.00
Preferred Dividends (Cash Flow)-0.000.00-0.000.000.000.000.00
Price to Free Cash Flow5.6313.729.565.534.7428.91-12.3719.09
Deferred Taxes & Investment Tax Credit-282.00-124.00-28.00290.00-169.00-241.00807.0047.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments13,609.007,768.002,151.003,672.002,654.001,673.00
Short Term Receivables17,434.0015,740.0014,629.0010,317.0010,487.0011,128.00
Inventories10,196.009,973.0010,764.0010,129.009,829.0010,106.00
Other Current Assets763.00805.001,154.00662.001,660.00821.00
Total Current Assets42,002.0034,286.0028,698.0024,780.0024,630.0023,728.00
Net Property, Plant & Equipment39,735.0039,428.0039,104.0038,890.0038,357.0036,204.00
Total Investments and Advances7,559.007,274.007,027.006,795.006,900.007,294.00
Intangible Assets11,860.0011,928.0011,993.0012,068.0012,080.008,244.00
Deferred Tax Assets---1,608.00--
Other Assets1,358.001,394.001,365.001,419.001,273.003,014.00
Total Assets102,514.0094,310.0088,187.0085,560.0083,240.0078,484.00
Short Term Debt Incl. Current Port. of LT Debt628.002,619.002,620.002,860.002,053.002,265.00
Accounts Payable20,578.0019,227.0017,617.0012,974.0012,486.0013,345.00
Income Tax Payable3,558.002,427.001,632.001,484.001,381.001,414.00
Other Current Liabilities4,291.003,148.002,542.002,360.002,808.002,231.00
Total Current Liabilities29,055.0027,421.0024,411.0019,678.0018,728.0019,255.00
Long Term Debt33,826.0031,673.0031,706.0031,498.0032,150.0027,770.00
Provision for Risks Charges1,072.001,288.001,231.001,398.001,132.001,231.00
Deferred Tax Liabilities5,832.005,953.005,995.007,589.005,964.005,718.00
Other Liabilities2,877.002,255.001,417.001,311.001,377.001,246.00
Total Liabilities72,662.0068,590.0064,760.0061,474.0059,351.0055,220.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity23,209.0019,077.0016,753.0017,314.0017,097.0016,624.00
Total Shareholders Equity23,209.0019,077.0016,753.0017,314.0017,097.0016,624.00
Accumulated Minority Interest6,643.006,643.006,674.006,772.006,792.006,640.00
Total Equity29,852.0025,720.0023,427.0024,086.0023,889.0023,264.00
Total Liabilities & Stockholders Equity102,514.0094,310.0088,187.0085,560.0083,240.0078,484.00
Book Value Per Share84.4067.4157.1858.6956.8054.68
Tangible Book Value Per Share41.2725.2616.2517.7816.6727.57
Full-Time Employees---18,500--
Price to Book Ratio4.624.474.162.863.523.13
Return on Assets15.749.895.454.873.532.61
Return on Equity72.5447.8827.9223.0615.9811.24
Return on Invested Capital13.0410.111.053.142.782.74
Quick Ratio1.090.890.730.740.790.71
Current Ratio1.451.251.181.261.321.23

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income7,878.005,538.00851.001,979.001,943.001,610.00
Depreciation836.00838.00809.00828.00841.00789.00
Other Funds (Non Cash)705.001,251.00-156.00115.00-757.00133.00
Funds from Operations9,292.007,581.001,523.002,953.002,336.002,502.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital1,440.002,746.00-402.00116.00273.00137.00
Cash from Operating Activities10,732.0010,327.001,121.003,069.002,609.002,639.00
Capital Expenditures-1,127.00-1,186.00-913.00-1,181.00-947.00-695.00
Net Assets From Acquisitions-50.00-50.00-50.00-100.00-3,179.00-100.00
Sale of Fixed Assets and Businesses12.003.0019.00985.002.0017.00
Purchase or Sale of Investments-1,048.00-205.00-302.00-93.00178.00-317.00
Purchase of Investments-1,080.00-205.00-302.00-243.00-333.00-356.00
Sale Or Maturity of Investments32.000.000.00150.00511.0039.00
Other Uses0.000.000.000.000.000.00
Other Sources33.00-6.00149.0075.0090.0021.00
Cash from Investing Activities-2,180.00-1,444.00-1,097.00-314.00-3,856.00-1,074.00
Cash Dividends Paid-279.00-290.00-295.00-300.00-276.00-279.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-3,004.00-2,532.00-749.00-1,001.00-649.00-780.00
Repurchase of Common Pref Stock-3,005.00-2,533.00-750.00-1,001.00-650.00-780.00
Sale of Common Pref Stock1.001.001.000.001.000.00
Proceedsfrom Stock Options1.001.001.000.001.000.00
Issuance or Reduction of Debt, Net178.00-42.00-64.00-25.003,519.00-2,277.00
Change in Long Term Debt178.00-42.00-64.00-25.003,729.00-2,487.00
Issuance of Long Term Debt2,211.00-16.001,474.000.005,192.001,558.00
Reduction of Long Term Debt-2,033.00-26.00-1,538.00-25.00-1,463.00-4,045.00
Net Financing Active Other Cash Flow-408.00-402.00-438.00-410.00-367.00-368.00
Other Financing Activities Uses-408.00-402.00-438.00-410.00-367.00-368.00
Cash from Financing Activities-3,513.00-3,266.00-1,546.00-1,736.002,227.00-3,704.00
Net Change in Cash5,039.005,617.00-1,522.001,019.00980.00-2,139.00
Free Cash Flow9,605.009,141.00208.001,888.001,662.001,944.00
Price to Free Cash Flow5.636.3215.8213.4518.6420.25

Revenue breakdown

Crude Oil2024: 7.30B 2025: 5.82B
Refined Products2024: 126.17B 2025: 121.33B
Services And Other2024: 5.40B 2025: 5.56B
United States2024: 138.86B 2025: 132.70B
Consolidation, Policy2025: 5.00M
Midstream2024: 5.20B 2025: 5.63B
Refining And Marketing2024: 131.59B 2025: 124.25B
Renewable Diesel2024: 2.08B 2025: 2.81B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.35%6.4M271.4M2.52M
2026-10-152.55%7.1M279.9M2.50M
2026-09-302.51%7.0M279.9M2.52M
2026-09-152.76%7.7M279.9M2.39M
2026-08-312.72%7.6M280.0M2.38M
2026-08-142.33%6.5M280.0M2.34M
2026-07-312.42%6.8M280.0M2.33M
2026-07-152.20%6.4M291.0M2.36M
2026-06-302.51%7.3M291.0M2.39M
2026-06-152.64%7.7M290.9M2.45M
2026-05-292.17%6.3M291.0M2.59M
2026-05-152.04%5.9M291.1M2.59M
2026-04-301.92%5.6M291.1M2.59M
2026-04-152.16%6.3M293.7M2.57M
2026-03-312.32%6.8M293.7M2.64M
2026-03-132.73%8.0M293.9M2.51M
2026-02-272.70%7.9M293.9M2.30M
2026-02-132.93%8.8M299.8M2.26M
2026-01-302.98%8.9M299.8M2.25M
2026-01-153.00%9.0M299.8M2.18M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2000.000.00188.4-6.000.00---
call2100.000.00220.5-2.000.00---
call2200.000.00161-6.000.00---
call2300.000.00148.3-4.000.00---
call2400.000.00140.3-4.000.00---
call2500.000.00175.8-23.000.00---
call2600.000.00119.4-8.000.00---
call2700.000.00109-15.000.00---
call2800.000.00101.4-10.000.00---
call2900.000.0089.30-38.000.00---
call3000.000.00129.6-12.000.00---
call3100.000.0063.40-32.000.00---
call3200.000.0069.10-39.000.00---
call3300.000.0064.35-24.000.00---
call3400.000.0049.38-47.000.00---
call3500.000.0039.50-57.000.00---
call3600.000.0031.40-13.000.00---
call3700.000.0027.50-1530.00---
call3800.000.0018.70-72.000.00---
call3900.000.0012.40-1540.00---
call4000.000.008.95-8290.00---
call4100.000.005.20-3580.00---
call4200.000.003.80-3300.00---
call4300.000.002.00-4,7810.00---
call4400.000.001.25-5850.00---
call4500.000.000.20-8600.00---
call4600.000.000.65-6930.00---
call4700.000.000.35-5750.00---
call4800.000.000.25-5160.00---
call4900.000.000.15-2700.00---
call5000.000.000.15-6460.00---
call5100.000.000.10-8460.00---
call5200.000.000.35-1600.00---
call5300.000.000.01-1160.00---
call5400.000.000.05-1060.00---
call5500.000.002.00-3170.00---
call5600.000.001.03-1160.00---
call5700.000.000.16-1220.00---
call5800.000.000.31-63.000.00---
call5900.000.000.04-58.000.00---
call6000.000.000.05-1030.00---
call6100.000.000.41-28.000.00---
call6200.000.000.15-60.000.00---
call6300.000.000.18-2.000.00---
call6400.000.000.32-4040.00---
call6500.000.000.30-11.000.00---
put2000.000.000.10-4.000.00---
put2100.000.000.00-0.000.00---
put2200.000.000.00-0.000.00---
put2300.000.000.05-3560.00---
put2400.000.000.05-2.000.00---
put2500.000.000.86-18.000.00---
put2600.000.000.10-1.000.00---
put2700.000.000.17-22.000.00---
put2800.000.000.30-20.000.00---
put2900.000.000.35-7.000.00---
put3000.000.000.23-3110.00---
put3100.000.000.30-62.000.00---
put3200.000.000.55-7220.00---
put3300.000.000.80-3310.00---
put3400.000.001.34-1910.00---
put3500.000.002.60-4720.00---
put3600.000.004.43-1,1520.00---
put3700.000.007.50-4070.00---
put3800.000.0010.61-3600.00---
put3900.000.0014.77-4790.00---
put4000.000.0020.17-6380.00---
put4100.000.0026.75-4360.00---
put4200.000.0034.49-4890.00---
put4300.000.0045.45-8270.00---
put4400.000.0054.32-2600.00---
put4500.000.0061.95-2730.00---
put4600.000.0071.23-5360.00---
put4700.000.0092.20-1970.00---
put4800.000.00101.5-1240.00---
put4900.000.0063.56-49.000.00---
put5000.000.00116-14.000.00---
put5100.000.00123.9-33.000.00---
put5200.000.00147.4-14.000.00---
put5300.000.00142.4-3.000.00---
put5400.000.00154.3-5.000.00---
put5500.000.00121.75-2.000.00---
put5600.000.00182.5-4.000.00---
put5700.000.00111.3-1.000.00---
put5800.000.00201.4-4.000.00---
put5900.000.00212.2-3.000.00---
put6000.000.00221.5-1.000.00---
put6100.000.00231.5-6.000.00---
put6200.000.00206.5-4.000.00---
put6300.000.00242-3.000.00---
put6400.000.00226.5-1.000.00---
put6500.000.00264-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0310-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-038-KCurrent report2026-11-03SEC
2026-10-298-KCurrent report2026-10-28SEC
2026-10-27SCHEDULE 13G/ASEC
2026-09-014Statement of changes in beneficial ownership of securities2026-08-28SEC
2026-08-31144Filing for proposed sale of securities under Rule 144.SEC
2026-08-314Statement of changes in beneficial ownership of securities2026-08-27SEC
2026-08-28144Filing for proposed sale of securities under Rule 144.SEC
2026-08-27144Filing for proposed sale of securities under Rule 144.SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-20144Filing for proposed sale of securities under Rule 144.SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-17144Filing for proposed sale of securities under Rule 144.SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-048-KCurrent report2026-08-04SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-06-298-KCurrent report2026-06-26SEC
2026-06-2511-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-084Statement of changes in beneficial ownership of securities2026-06-04SEC
2026-06-04144Filing for proposed sale of securities under Rule 144.SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-13144Filing for proposed sale of securities under Rule 144.SEC
2026-05-06S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-05-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-05-058-KCurrent report2026-05-05SEC
2026-05-044Statement of changes in beneficial ownership of securities2026-04-30SEC
2026-05-044Statement of changes in beneficial ownership of securities2026-04-30SEC
2026-05-044Statement of changes in beneficial ownership of securities2026-04-30SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-08009.83M6
2026-070000
2026-06001.70M1
2026-0500250.00K1
2026-040000
2026-03001.02M3
2026-02001.07M1
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.91%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP6.33%
VANGUARD PORTFOLIO MANAGEMENT LLC5.35%
GEODE CAPITAL MANAGEMENT, LLC2.95%
MORGAN STANLEY2.02%
RAYMOND JAMES FINANCIAL INC1.95%
FMR LLC1.46%
WELLINGTON MANAGEMENT GROUP LLP1.11%
NORTHERN TRUST CORP1.07%

Funds

Fund% owned
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND32.80%
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund21.21%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND19.93%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND17.13%
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND13.70%
PIMCO Short Asset Portfolio7.66%
VANGUARD INTERMEDIATE-TERM BOND INDEX FUND7.18%
Baird Intermediate Bond Fund6.17%
VANGUARD CORE BOND FUND5.38%
Baird Core Plus Bond Fund5.27%

OakChart. MPC. Cached 15 minutes.