Marathon Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,408 Mil. Marathon Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $26,093 Mil. Marathon Petroleum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $24,404 Mil.
Marathon Petroleum's debt to equity for the quarter that ended in Dec. 2023 was 1.17.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Marathon Petroleum's Debt-to-Equity or its related term are showing as below:
MPC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.91 Max: 1.49
Current: 1.17
During the past 13 years, the highest Debt-to-Equity Ratio of Marathon Petroleum was 1.49. The lowest was 0.61. And the median was 0.91.
Marathon Petroleum Debt-to-Equity Historical Data
The historical data trend for Marathon Petroleum's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Marathon Petroleum Annual Data
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|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
0.91 |
1.49 |
1.03 |
1.01 |
1.17 |
|
Marathon Petroleum Quarterly Data
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|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.01 |
1.06 |
1.11 |
1.11 |
1.17 |
Competitive Comparison
For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Marathon Petroleum Debt-to-Equity Distribution
For the Oil & Gas industry and Energy sector, Marathon Petroleum's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Marathon Petroleum's Debt-to-Equity falls into.
Marathon Petroleum Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Marathon Petroleum's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Marathon Petroleum's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Marathon Petroleum (Marathon Petroleum) Business Description
Traded in Other Exchanges
Address
539 South Main Street, Findlay, OH, USA, 45840-3229
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, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.
Executives
| Carl Kristopher Hagedorn |
officer: Senior VP and Controller |
C/O CONE MIDSTREAM PARTNERS LP, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317 |
| Rucker Kim K.w. |
director |
KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
| Shawn M Lyon |
officer: SVP Log & Storage, MPLX GP LLC |
C/O MPLX, 200 E HARDIN STREET, FINDLAY OH 45840 |
| Gregory Scott Floerke |
officer: Ex VP & COO, MPLX GP LLC |
C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202 |
| Timothy J Aydt |
officer: Ex VP and CCO, MPLX GP LLC |
C/O MPLX LP, 200 E. HARDIN STREET, FINDLAY OH 45840 |
| Toni Townes-whitley |
director |
8340 SPRINGHAVEN GARDEN LANE, MCLEAN, VA X1 22102 |
| Michael J Hennigan |
officer: President & CEO, MPLX GP LLC |
3807 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073 |
| Suzanne Gagle |
officer: VP and General Counsel |
C/O MPC, FINDLAY OH 45840 |
| Thomas Kaczynski |
officer: VP, Finance and Treasurer |
C/O MARATHON PETROLEUM CORPORATION, FINDLAY OH 45840 |
| Raymond L Brooks |
officer: Sr. VP, Refining |
C/O MPC, FINDLAY OH 45840 |
| Charles E Bunch |
director |
PPG INDUSTRIES INC., ONE PPG PLACE, PITTSBURGH PA 15272 |
| Brian C Davis |
officer: Exec VP, Chief Commercial Ofc |
C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840 |
| Maryann T. Mannen |
officer: Exec VP & Chief Fin Ofc |
C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840 |
| Jonathan Z Cohen |
director |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| James E Rohr |
director |
249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222 |
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