Marathon Petroleum Shares Drop 2.07% Amid Lackluster Trading Session
June 26, 2023
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Marathon Petroleum ($NYSE:MPC) Corporation is one of the largest refiners, marketers, and transporters of petroleum products in the United States. On Tuesday, the company’s shares dropped 2.07% to $110.94 as the stock market had a lackluster trading session. This decrease was partially caused by concerns that a global economic slowdown could hurt demand for gasoline and other petroleum products.
Additionally, an oversupply of oil and natural gas has kept a lid on prices, impacting Marathon Petroleum’s bottom line. Investors were also spooked by the news that China is preparing to retaliate against the US for its recent tariffs. This could potentially negatively affect Marathon Petroleum’s international operations. The company is also facing competition from other major oil companies, such as ExxonMobil and Chevron, which could further impact its performance. Despite these issues, Marathon Petroleum has a number of strengths that should help it weather the current market conditions. The company has a strong balance sheet and access to low-cost resources and capital. It also has a well-established portfolio of refining and marketing operations that give it an edge over its competitors. Marathon Petroleum has also made several strategic acquisitions in recent years, which should help it take advantage of any opportunities in the future.
Analysis
At GoodWhale, we believe it’s important to understand the financials of MARATHON PETROLEUM before making an investment decision. That’s why we use our Risk Rating to provide insight into the company’s financial and business aspects. Based on our analysis, MARATHON PETROLEUM is a medium risk investment. This means that while there is some risk involved when investing in this company, it is not a significantly high-risk investment. We also detected 1 risk warnings in the balance sheet of MARATHON PETROLEUM. If you’d like to learn more, be sure to register with us and check it out. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marathon Petroleum. More…
| Total Revenues | Net Income | Net Margin |
| 174.26k | 16.39k | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marathon Petroleum. More…
| Operations | Investing | Financing |
| 17.91k | -1.9k | -15.19k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marathon Petroleum. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 87.04k | 53.37k | 62.46 |
Key Ratios Snapshot
Some of the financial key ratios for Marathon Petroleum are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | 98.8% | 13.9% |
| FCF Margin | ROE | ROA |
| 8.9% | 55.3% | 17.3% |
Peers
Marathon Petroleum Corp is one of the largest oil refining and marketing companies in the United States. Its competitors include Valero Energy Corp, Phillips 66, MPLX LP.
– Valero Energy Corp ($NYSE:VLO)
Valero Energy Corp is a publicly traded company with a market capitalization of over $54 billion as of early 2021. The company is involved in the refining, marketing, and transportation of petroleum products. Valero is one of the largest refiners in the United States with operations in Canada, the Caribbean, the United Kingdom, and Ireland. The company’s return on equity (ROE) was over 37% in 2020.
Valero Energy Corp was founded in 1980 and is headquartered in San Antonio, Texas. The company operates through three segments: Refining, Ethanol, and Power. The Refining segment refines crude oil and other feedstocks into transportation fuels, including gasoline, jet fuel, diesel fuel, and propane. The Ethanol segment produces and sells ethanol and distillers grains. The Power segment generates and sells electricity and steam.
– Phillips 66 ($NYSE:PSX)
Phillips 66 is a holding company that owns and operates a diversified portfolio of midstream, chemicals, refining, and marketing businesses. Its midstream segment gathers, processes, transports, stores, and markets crude oil and refined products. The chemicals segment manufactures and markets petrochemicals and plastics. The refining segment refines crude oil and other feedstocks into petroleum products. The marketing segment buys, sells, and transports crude oil, refined products, natural gas, and power.
– MPLX LP ($NYSE:MPLX)
MPLX LP is a publicly traded master limited partnership that owns and operates midstream energy infrastructure assets in the United States. The company’s assets include a network of crude oil and refined product pipelines, storage facilities, and terminals. MPLX LP is headquartered in Findlay, Ohio.
MPLX LP has a market cap of $34.05 billion as of 2022. The company has a return on equity of 20.4%. MPLX LP’s assets include a network of crude oil and refined product pipelines, storage facilities, and terminals.
Summary
Marathon Petroleum Corporation has seen a 2.07% decrease in stock prices, trading at $110.94 on Tuesday. This drop in share prices is representative of the overall decline in the stock market. Investors should consider the current data when making decisions about investing in Marathon Petroleum, such as financial statements, market analysis, and news reports. It is important to stay informed and research when making any investment decisions.
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