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Marathon Petroleum Corp - Stock Quote MPC

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Morningstar's Marathon Petroleum Corp Stock Analysis

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Marathon Petroleum Reports Strong Q1; Expect Shareholder Returns to Continue Flowing

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Marathon Petroleum turned in another strong quarter with earnings improving to $845 million from a loss of $242 million a year ago on an improved refining market. Adjusted EBITDA, excluding discontinued Speedway earnings from 2021, improved to $2.6 billion from $1.6 billion a year ago.  

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Marathon Petroleum Corp's Company Profile

Business Description

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, ND, facility produces 184 million gallons a year of renewable diesel. Its Martinez, CA, facility will have the ability to produce 730 million gallons a year of renwable diesel once converted. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX.

Contact
539 South Main Street
Findlay, OH, 45840-3229
T +1 419 422-2121
Sector Energy
Industry Oil & Gas Refining & Marketing
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 17,700

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