Marathon Petroleum Management
Management criteria checks 3/4
Marathon Petroleum's CEO is Mike Hennigan, appointed in Mar 2020, has a tenure of 4.25 years. total yearly compensation is $24.05M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth $38.40M. The average tenure of the management team and the board of directors is 3.3 years and 6 years respectively.
Key information
Mike Hennigan
Chief executive officer
US$24.1m
Total compensation
| CEO salary percentage | 7.2% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.06% |
| Management average tenure | 3.3yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well
May 22
Marathon Petroleum: The Buyback King Of The Energy Sector Continues To Shine
May 02Analysts Are Updating Their Marathon Petroleum Corporation (NYSE:MPC) Estimates After Its First-Quarter Results
May 02Marathon Petroleum: Still Has Gas In The Tank After 100% Returns
Apr 08Marathon: Share Repurchases Continue To Generate Value (Downgrade)
Mar 1522% Return Per Year Since 2012 - How Unstoppable Is Marathon Petroleum?
Feb 20Does Marathon Petroleum (NYSE:MPC) Have A Healthy Balance Sheet?
Feb 19Calculating The Fair Value Of Marathon Petroleum Corporation (NYSE:MPC)
Jan 21Marathon Petroleum's Comfortable Market Position Suggests A Buy On Weakness
Jan 19Earnings Working Against Marathon Petroleum Corporation's (NYSE:MPC) Share Price
Jan 03Marathon Petroleum Still A Buy For The Long Haul
Jan 02Marathon Petroleum: In It For The Long Run
Dec 19Marathon Petroleum: Sum Of The Parts Upside Remains
Nov 25Marathon Petroleum Is A Buyback Monster
Nov 09Marathon Petroleum (NYSE:MPC) Has Announced That It Will Be Increasing Its Dividend To $0.825
Nov 01Here's Why We Think Marathon Petroleum (NYSE:MPC) Might Deserve Your Attention Today
Oct 31Marathon Petroleum: Gasoline Crack Spread Plunges, 2024 Earnings Outlook In Question
Oct 19Marathon Petroleum: Oil Price Shock Spells Trouble For Refining Margins (Rating Downgrade)
Oct 10Marathon Petroleum (NYSE:MPC) Seems To Use Debt Quite Sensibly
Sep 30Marathon Petroleum: An Impressive Ascension, But It May Not Last Forever
Sep 19Marathon Petroleum: Elevated Crack Spreads And Share Repurchases Make This Attractive
Sep 06Estimating The Intrinsic Value Of Marathon Petroleum Corporation (NYSE:MPC)
Aug 25Marathon Petroleum: Investing In The Fossil Fuel 'Supernova'
Aug 09Marathon Petroleum Q2 Earnings: Why This Stock Is An Attractive Investment
Aug 01Do Marathon Petroleum's (NYSE:MPC) Earnings Warrant Your Attention?
Jul 19Marathon Petroleum: Potential Positive Returns With Tight Markets
Jul 06What To Make Of Marathon Petroleum's Dividend
Jun 21Is Marathon Petroleum (NYSE:MPC) A Risky Investment?
Jun 16The Dividend Investor's Oil Playbook - Part 2
Jun 01Estimating The Fair Value Of Marathon Petroleum Corporation (NYSE:MPC)
Apr 11Marathon Petroleum (NYSE:MPC) Seems To Use Debt Quite Sensibly
Mar 06My Top 5 Stocks To Own In The S&P 500
Feb 22Here's Why We Think Marathon Petroleum (NYSE:MPC) Is Well Worth Watching
Feb 16Marathon Petroleum: Great Performance, But Will It Last?
Feb 14Marathon Petroleum declares $0.75 dividend
Jan 27Marathon Petroleum: Low Natural Gas Provides Support
Jan 11A Look At The Intrinsic Value Of Marathon Petroleum Corporation (NYSE:MPC)
Dec 24These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well
Nov 18Here's Why We Think Marathon Petroleum (NYSE:MPC) Might Deserve Your Attention Today
Nov 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$8b |
| Dec 31 2023 | US$24m | US$2m | US$10b |
| Sep 30 2023 | n/a | n/a | US$11b |
| Jun 30 2023 | n/a | n/a | US$13b |
| Mar 31 2023 | n/a | n/a | US$16b |
| Dec 31 2022 | US$21m | US$2m | US$14b |
| Sep 30 2022 | n/a | n/a | US$12b |
| Jun 30 2022 | n/a | n/a | US$8b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$21m | US$2m | US$1b |
| Sep 30 2021 | n/a | n/a | US$475m |
| Jun 30 2021 | n/a | n/a | -US$1b |
| Mar 31 2021 | n/a | n/a | -US$2b |
| Dec 31 2020 | US$16m | US$1m | -US$11b |
| Sep 30 2020 | n/a | n/a | -US$11b |
| Jun 30 2020 | n/a | n/a | -US$9b |
| Mar 31 2020 | n/a | n/a | -US$8b |
| Dec 31 2019 | US$8m | US$954k | US$2b |
Compensation vs Market: Mike's total compensation ($USD24.05M) is above average for companies of similar size in the US market ($USD13.74M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Hennigan (65 yo)
4.3yrs
Tenure
US$24,054,492
Compensation
Mr. Michael J. Hennigan, also known as Mike, is Chairman of the Board of MPLX GP LLC, the General Partner of MPLX LP since April 29, 2020. Mr. Hennigan is Chief Executive Officer at MPLX GP LLC, the Genera...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.3yrs | US$24.05m | 0.062% $ 38.4m | |
| President | less than a year | US$8.68m | 0.023% $ 14.1m | |
| Executive Vice President of Refining | 1.8yrs | US$5.27m | 0.0041% $ 2.5m | |
| Executive VP & COO of MPLX | 3.3yrs | US$3.19m | 0.0084% $ 5.2m | |
| Executive VP & CFO | less than a year | no data | 0.0092% $ 5.7m | |
| Vice President of Finance & Investor Relations | 6.2yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 8.3yrs | no data | 0.0076% $ 4.7m | |
| Senior VP of Communications & Chief Human Resources Officer | 5.7yrs | no data | no data | |
| Chief Global Optimization Officer | 3.3yrs | no data | no data | |
| Senior Vice President of Health | 3.3yrs | no data | no data | |
| Chief Commercial Officer | 5.7yrs | no data | 0.0024% $ 1.5m | |
| Chief Strategy Officer & Senior VP of Business Development | 3.3yrs | no data | no data |
3.3yrs
Average Tenure
57yo
Average Age
Experienced Management: MPC's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.2yrs | US$24.05m | 0.062% $ 38.4m | |
| Independent Director | 6.4yrs | US$350.00k | 0.0030% $ 1.9m | |
| Independent Director | 8.8yrs | US$356.25k | 0.0019% $ 1.2m | |
| Independent Director | 3.2yrs | US$541.25k | 0% $ 0 | |
| Independent Non Executive Chairman of the Board | 12.9yrs | US$756.25k | 0.0028% $ 1.7m | |
| Independent Director | 4.5yrs | US$350.00k | 0.0036% $ 2.2m | |
| Independent Director | 12.9yrs | US$346.25k | 0.0032% $ 1.9m | |
| Independent Director | 5.7yrs | US$371.25k | 0.0018% $ 1.1m | |
| Independent Director | 5.7yrs | US$340.00k | 0.0067% $ 4.1m | |
| Independent Director | less than a year | no data | 0.000080% $ 49.3k | |
| Independent Director | 7.7yrs | US$325.00k | 0.0063% $ 3.9m | |
| Independent Director | 7.3yrs | US$546.25k | 0.0059% $ 3.7m |
6.0yrs
Average Tenure
69.5yo
Average Age
Experienced Board: MPC's board of directors are considered experienced (6 years average tenure).