Marathon Petroleum Corp
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United … Read more
Marathon Petroleum Corp (MPC) - Net Assets
Latest net assets as of September 2025: $23.89 Billion USD
Based on the latest financial reports, Marathon Petroleum Corp (MPC) has net assets worth $23.89 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($83.24 Billion) and total liabilities ($59.35 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $23.89 Billion |
| % of Total Assets | 28.7% |
| Annual Growth Rate | 6.51% |
| 5-Year Change | -18.91% |
| 10-Year Change | 24.55% |
| Growth Volatility | 33.26 |
Marathon Petroleum Corp - Net Assets Trend (2008–2024)
This chart illustrates how Marathon Petroleum Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marathon Petroleum Corp (2008–2024)
The table below shows the annual net assets of Marathon Petroleum Corp from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $24.51 Billion | -21.95% |
| 2023-12-31 | $31.40 Billion | -10.51% |
| 2022-12-31 | $35.09 Billion | +4.48% |
| 2021-12-31 | $33.58 Billion | +11.12% |
| 2020-12-31 | $30.22 Billion | -29.90% |
| 2019-12-31 | $43.11 Billion | -4.32% |
| 2018-12-31 | $45.05 Billion | +106.40% |
| 2017-12-31 | $21.83 Billion | +2.95% |
| 2016-12-31 | $21.20 Billion | +7.77% |
| 2015-12-31 | $19.68 Billion | +72.74% |
| 2014-12-31 | $11.39 Billion | +0.51% |
| 2013-12-31 | $11.33 Billion | -6.39% |
| 2012-12-31 | $12.11 Billion | +27.35% |
| 2011-12-31 | $9.51 Billion | +15.30% |
| 2010-12-31 | $8.24 Billion | -10.12% |
| 2009-12-31 | $9.17 Billion | +2.64% |
| 2008-12-31 | $8.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marathon Petroleum Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3684800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $36.85 Billion | 207.65% |
| Common Stock | $10.00 Million | 0.06% |
| Other Comprehensive Income | $-114.00 Million | -0.64% |
| Total Equity | $17.75 Billion | 100.00% |
Marathon Petroleum Corp Competitors by Market Cap
The table below lists competitors of Marathon Petroleum Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BP PLC
F:BPE
|
$61.22 Billion |
|
Mitsubishi Corporation
OTCGREY:MTSUY
|
$61.26 Billion |
|
Westpac Banking Corporation
PINK:WEBNF
|
$61.40 Billion |
|
Energy Transfer LP
NYSE:ET
|
$61.45 Billion |
|
Mizuho Financial Group Inc
PINK:MZHOF
|
$60.98 Billion |
|
London Stock Exchange Group plc
PINK:LDNXF
|
$60.95 Billion |
|
Petroleo Brasileiro S.A.
MC:XPBRA
|
$60.87 Billion |
|
Simon Property Group Inc
NYSE:SPG
|
$60.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marathon Petroleum Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,404,000,000 to 17,745,000,000, a change of -6,659,000,000 (-27.3%).
- Net income of 3,445,000,000 contributed positively to equity growth.
- Dividend payments of 1,154,000,000 reduced retained earnings.
- Share repurchases of 9,189,000,000 reduced equity.
- New share issuances of 25,000,000 increased equity.
- Other comprehensive income increased equity by 17,000,000.
- Other factors increased equity by 197,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.44 Billion | +19.41% |
| Dividends Paid | $1.15 Billion | -6.5% |
| Share Repurchases | $9.19 Billion | -51.78% |
| Share Issuances | $25.00 Million | +0.14% |
| Other Comprehensive Income | $17.00 Million | +0.1% |
| Other Changes | $197.00 Million | +1.11% |
| Total Change | $- | -27.29% |
Book Value vs Market Value Analysis
This analysis compares Marathon Petroleum Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 18.34x to 4.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $12.48 | $228.94 | x |
| 2009-12-31 | $12.81 | $228.94 | x |
| 2010-12-31 | $11.51 | $228.94 | x |
| 2011-12-31 | $13.31 | $228.94 | x |
| 2012-12-31 | $17.09 | $228.94 | x |
| 2013-12-31 | $17.20 | $228.94 | x |
| 2014-12-31 | $18.73 | $228.94 | x |
| 2015-12-31 | $24.42 | $228.94 | x |
| 2016-12-31 | $25.54 | $228.94 | x |
| 2017-12-31 | $27.41 | $228.94 | x |
| 2018-12-31 | $66.87 | $228.94 | x |
| 2019-12-31 | $50.74 | $228.94 | x |
| 2020-12-31 | $34.20 | $228.94 | x |
| 2021-12-31 | $41.08 | $228.94 | x |
| 2022-12-31 | $53.71 | $228.94 | x |
| 2023-12-31 | $59.67 | $228.94 | x |
| 2024-12-31 | $52.04 | $228.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marathon Petroleum Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.48%
- • Asset Turnover: 1.76x
- • Equity Multiplier: 4.44x
- Recent ROE (19.41%) is above the historical average (17.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.60% | 1.86% | 3.59x | 2.03x | $321.40 Million |
| 2009 | 4.90% | 0.98% | 2.15x | 2.32x | $-468.20 Million |
| 2010 | 7.56% | 1.00% | 2.69x | 2.82x | $-201.40 Million |
| 2011 | 25.13% | 3.04% | 3.05x | 2.71x | $1.44 Billion |
| 2012 | 28.98% | 4.12% | 3.02x | 2.33x | $2.22 Billion |
| 2013 | 19.34% | 2.11% | 3.53x | 2.60x | $1.02 Billion |
| 2014 | 23.48% | 2.58% | 3.22x | 2.83x | $1.45 Billion |
| 2015 | 21.55% | 3.96% | 1.67x | 3.26x | $1.53 Billion |
| 2016 | 8.66% | 1.85% | 1.43x | 3.28x | $-181.70 Million |
| 2017 | 24.46% | 4.59% | 1.52x | 3.50x | $2.03 Billion |
| 2018 | 7.90% | 3.23% | 0.93x | 2.64x | $-737.50 Million |
| 2019 | 7.83% | 2.37% | 1.13x | 2.93x | $-732.40 Million |
| 2020 | -44.26% | -14.08% | 0.82x | 3.84x | $-12.05 Billion |
| 2021 | 37.16% | 8.12% | 1.41x | 3.26x | $7.12 Billion |
| 2022 | 52.38% | 8.18% | 1.97x | 3.24x | $11.74 Billion |
| 2023 | 39.67% | 6.52% | 1.73x | 3.52x | $7.24 Billion |
| 2024 | 19.41% | 2.48% | 1.76x | 4.44x | $1.67 Billion |
Industry Comparison
This section compares Marathon Petroleum Corp's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,009,540,578
- Average return on equity (ROE) among peers: -3.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marathon Petroleum Corp (MPC) | $23.89 Billion | 13.60% | 2.48x | $61.10 Billion |
| Adams Resources & Energy Inc (AE) | $81.76 Million | -6.81% | 1.58x | $82.94 Million |
| Blue Dolphin Energy Co (BDCO) | $27.97 Million | 56.35% | 1.16x | $3.39 Million |
| Blue Earth Resources Inc (BERI) | $681.30K | -5.13% | 0.08x | $508.37 |
| Crossamerica Partners LP (CAPL) | $94.67 Million | 19.09% | 3.14x | $389.08 Million |
| China HK Power Smart Energy Group Limited (CHNTF) | $94.09 Million | -177.69% | 13.22x | $21.56 Million |
| Clean Energy Fuels Corp (CLNE) | $230.93 Million | -3.85% | 0.08x | $368.99 Million |
| CVR Energy Inc (CVI) | $791.00 Million | 58.53% | 4.21x | $827.40 Million |
| DCC plc (DCCPF) | $2.43 Billion | 10.79% | 1.91x | $6.39 Billion |
| HF Sinclair Corp (DINO) | $5.81 Billion | 12.74% | 0.44x | $9.64 Billion |
| Delek US Energy Inc (DK) | $531.00 Million | 0.13% | 1.30x | $2.40 Billion |