Recent Insider Transactions • Aug 16
Insider recently sold €1.8m worth of stock On the 12th of August, Michael Henschen sold around 6k shares on-market at roughly €296 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.1m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €301, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €341 per share. Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: US$17.78 (vs US$3.96 in 2Q 2025) Second quarter 2026 results: EPS: US$17.78 (up from US$3.96 in 2Q 2025). Revenue: US$52.3b (up 55% from 2Q 2025). Net income: US$5.14b (up 323% from 2Q 2025). Profit margin: 9.8% (up from 3.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.3%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Declared Dividend • Aug 04
First quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 19th August 2026 Payment date: 10th September 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Marathon Petroleum Corporation Announces Demise of Board Member Abdulaziz F. Alkhayya on June 26, 2026 Marathon Petroleum Corporation was informed of the passing of director Abdulaziz F. Alkhayyal on June 26, 2026. Mr. Alkhayyal had served as a member of the Company's board of directors since 2016. He was a member of the Board's Compensation and Organization Development Committee and its Sustainability and Public Policy Committee. New Risk • Jun 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risk High level of debt (128% net debt to equity). Announcement • Jun 17
Marathon Petroleum Corporation to Report Q2, 2026 Results on Aug 04, 2026 Marathon Petroleum Corporation announced that they will report Q2, 2026 results on Aug 04, 2026 Announcement • May 12
Marathon Petroleum Corporation Announces Kristina Kazarian to Become Treasurer, Effective May 25, 2026 Marathon Petroleum Corp. announced that Kristina Kazarian, who will become Treasurer. Appointments are effective May 25. Kazarian will report to Maria Khoury, executive vice president and chief financial officer. In addition to their MPC responsibilities, Kazarian will each serve in their new respective capacities for MPLX, the master limited partnership sponsored by MPC. Kazarian joined MPC in 2018 as vice president, Investor Relations and took on the additional responsibilities of Finance in 2023. Prior to MPC, she spent over a decade in energy roles at Fidelity and leading equity research teams at Deutsche Bank and Credit Suisse. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$1.73 (vs US$0.24 loss in 1Q 2025) First quarter 2026 results: EPS: US$1.73 (up from US$0.24 loss in 1Q 2025). Revenue: US$34.4b (up 8.8% from 1Q 2025). Net income: US$511.0m (up US$585.0m from 1Q 2025). Profit margin: 1.5% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.7% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. New Risk • May 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (118% net debt to equity). Significant insider selling over the past 3 months (€1.8m sold). Declared Dividend • May 04
Fourth quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 20th May 2026 Payment date: 10th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on June 10, 2026 The board of directors of Marathon Petroleum Corp. has declared a dividend of $1.00 per share on common stock. The dividend is payable June 10, 2026, to shareholders of record as of the close of business May 20, 2026. Announcement • Mar 24
Marathon Petroleum Corporation to Report Q1, 2026 Results on May 05, 2026 Marathon Petroleum Corporation announced that they will report Q1, 2026 results on May 05, 2026 Recent Insider Transactions • Feb 18
Insider recently sold €902k worth of stock On the 12th of February, Michael Henschen sold around 5k shares on-market at roughly €170 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €531k more than they bought in the last 12 months. Declared Dividend • Feb 09
Fourth quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 18th February 2026 Payment date: 10th March 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 04
Full year 2025 earnings released: EPS: US$13.27 (vs US$10.12 in FY 2024) Full year 2025 results: EPS: US$13.27 (up from US$10.12 in FY 2024). Revenue: US$133.4b (down 4.2% from FY 2024). Net income: US$4.05b (up 18% from FY 2024). Profit margin: 3.0% (up from 2.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Feb 02
Marathon Petroleum Corporation, Annual General Meeting, Apr 29, 2026 Marathon Petroleum Corporation, Annual General Meeting, Apr 29, 2026. Announcement • Jan 31
Marathon Petroleum Corporation Announces Quarterly Dividend, Payable on March 10, 2026 The board of directors of Marathon Petroleum Corp. has declared a dividend of $1.00 per share on common stock. The dividend is payable March 10, 2026, to shareholders of record as of the close of business February 18, 2026. Announcement • Jan 06
Marathon Petroleum Corporation to Report Q4, 2025 Results on Feb 03, 2026 Marathon Petroleum Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026 Announcement • Dec 18
Marathon Petroleum Corporation Announces Executive Changes Marathon Petroleum Corp. announced that Maria A. Khoury will join the company as Executive Vice President, effective January 19, 2026. Khoury will succeed John J. Quaid, who will remain with the company for a period of transition. Since 2021, Khoury has served as Vice President, Group CFO Biotechnology for Danaher, a global science and technology innovator, where she has finance responsibility for Cytiva (formerly GE Healthcare Biopharma) and Pall Life Sciences, including oversight of the controllership, treasury, and tax functions. From 2017-2020, Khoury served as Vice President, Finance and IT for GE Healthcare Life Sciences, based in the United Kingdom. Prior to her focus on life sciences, Khoury served in financial leadership positions for GE Oil & Gas in the United States and Italy from 2010 to 2017, including as CFO of GE's Drilling and Surface division. From 1999 to 2010, she held global positions of increasing responsibility in financial planning and analysis and treasury for GE Corporate and GE Capital Treasury. Before joining GE in 1999, Khoury spent five years with Cargill Inc., where she began her finance career. Khoury holds a bachelor's degree in economics from Universidad Catolica Andres Bello in Venezuela, a diploma in international business strategy from the London School of Economics, and a Master of Business Administration degree in international finance from the Thunderbird School of Global Management at Arizona State University. Declared Dividend • Nov 14
Third quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 19th November 2025 Payment date: 10th December 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: US$4.52 (vs US$1.88 in 3Q 2024) Third quarter 2025 results: EPS: US$4.52 (up from US$1.88 in 3Q 2024). Revenue: US$34.9b (flat on 3Q 2024). Net income: US$1.37b (up 120% from 3Q 2024). Profit margin: 3.9% (up from 1.8% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 9.8% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Nov 04
Marathon Petroleum Corporation Announces Board Changes, Effective January 1, 2026 Marathon Petroleum Corporation announced that the board of directors of MPC has elected Maryann T. Mannen, president and chief executive officer and member of the board of directors, as chairman of the board, effective Jan. 1, 2026. Mannen will assume the role of chairman of the board in addition to her current responsibilities. Mannen will succeed Michael J. Hennigan, who has elected to retire as executive chairman and as a member of the board of directors, also effective Jan. 1, 2026. John Surma will continue to serve as independent lead director of the board. Mr. Hennigan led MPC as CEO beginning in March 2020 and transitioned from CEO to executive chairman in August 2024. Ms. Mannen has served as CEO since August 2024, after previously serving as president from January 2024, and as executive vice president and chief financial officer between January 2021 and January 2024. Declared Dividend • Nov 02
Second quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 19th November 2025 Payment date: 10th December 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 30
Marathon Petroleum Corporation Increases Quarterly Dividend, Payable on December 10, 2025 The board of directors of Marathon Petroleum Corp. has declared a dividend of $1.00 per share on common stock, an increase of approximately 10% over its previous dividend of $0.91 per share. The dividend is payable December 10, 2025, to shareholders of record as of the close of business November 19, 2025. Announcement • Sep 10
Marathon Petroleum Corporation to Report Q3, 2025 Results on Nov 04, 2025 Marathon Petroleum Corporation announced that they will report Q3, 2025 results on Nov 04, 2025 Announcement • Aug 06
The Andersons, Inc. (NasdaqGS:ANDE) acquired remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) for approximately $430 million. The Andersons, Inc. (NasdaqGS:ANDE) acquired remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) for approximately $430 million on July 31, 2025. Consideration consists of a net purchase price of $385 million and $40 million of working capital. The transaction was funded with cash on hand and debt from existing credit facilities. Goldman Sachs & Co. LLC served as financial advisor to The Andersons, Inc.
The Andersons, Inc. (NasdaqGS:ANDE) completed the acquisition of remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) on July 31, 2025. Announcement • Jul 31
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on September 10, 2025 The board of directors of Marathon Petroleum Corp. declared a dividend of $0.91 per share on common stock. The dividend is payable September 10, 2025, to shareholders of record as of the close of business Aug. 20, 2025. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €146, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 78% over the past three years. Announcement • Jun 06
Marathon Petroleum Corporation to Report Q2, 2025 Results on Aug 05, 2025 Marathon Petroleum Corporation announced that they will report Q2, 2025 results on Aug 05, 2025 Reported Earnings • May 07
First quarter 2025 earnings released: US$0.24 loss per share (vs US$2.59 profit in 1Q 2024) First quarter 2025 results: US$0.24 loss per share (down from US$2.59 profit in 1Q 2024). Revenue: US$31.6b (down 4.1% from 1Q 2024). Net loss: US$74.0m (down 108% from profit in 1Q 2024). Revenue is forecast to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • May 04
Fourth quarter dividend of US$0.91 announced Shareholders will receive a dividend of US$0.91. Ex-date: 21st May 2025 Payment date: 10th June 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Marathon Petroleum Corporation Announces Executive Changes On April 28, 2025, Timothy J. Aydt, Executive Vice President, Refining, of Marathon Petroleum Corporation notified the Company of his intention to retire from the Company, following over 40 years of service, effective September 2, 2025. The Company has announced that Mike Henschen will succeed Mr. Aydt as Executive Vice President, Refining, effective June 1, 2025. Mr. Aydt will continue with the Company in a non-executive officer role to assist with the transition and other key initiatives from June 1, 2025, until his retirement. Announcement • May 01
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on June 10, 2025 The board of directors of Marathon Petroleum Corp. has declared a dividend of $0.91 per share on common stock. The dividend is payable June 10, 2025, to shareholders of record as of the close of business May 21, 2025. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €112, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 47% over the past three years. Announcement • Mar 11
Marathon Petroleum Corporation to Report Q1, 2025 Results on May 06, 2025 Marathon Petroleum Corporation announced that they will report Q1, 2025 results on May 06, 2025 Reported Earnings • Feb 04
Full year 2024 earnings released: EPS: US$10.13 (vs US$23.76 in FY 2023) Full year 2024 results: EPS: US$10.13 (down from US$23.76 in FY 2023). Revenue: US$139.3b (down 6.7% from FY 2023). Net income: US$3.45b (down 64% from FY 2023). Profit margin: 2.5% (down from 6.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 04
Third quarter dividend of US$0.91 announced Shareholders will receive a dividend of US$0.91. Ex-date: 19th February 2025 Payment date: 10th March 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 27
Marathon Petroleum Corporation, Annual General Meeting, Apr 30, 2025 Marathon Petroleum Corporation, Annual General Meeting, Apr 30, 2025. Announcement • Dec 12
Marathon Petroleum Corporation to Report Q4, 2024 Results on Feb 04, 2025 Marathon Petroleum Corporation announced that they will report Q4, 2024 results on Feb 04, 2025 Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$1.88 (vs US$8.32 in 3Q 2023) Third quarter 2024 results: EPS: US$1.88 (down from US$8.32 in 3Q 2023). Revenue: US$35.4b (down 14% from 3Q 2023). Net income: US$622.0m (down 81% from 3Q 2023). Profit margin: 1.8% (down from 7.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 32% per year and the company’s share price has also increased by 32% per year. Declared Dividend • Nov 04
Second quarter dividend of US$0.91 announced Shareholders will receive a dividend of US$0.91. Ex-date: 20th November 2024 Payment date: 10th December 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 31% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range. Announcement • Nov 01
Marathon Petroleum Corporation Announces Election of Jeffrey C. Campbell to the Board of Directors, Effective November 11, 2024 Marathon Petroleum Corp. announced that Jeffrey C. Campbell has been elected to the company's board of directors effective November 11, 2024. Campbell has served as chief financial officer of three large cap public companies over the past 20 years, with his most recent service as vice chairman as well as chief financial officer of American Express Company. Campbell is the former vice chairman and former chief financial officer of the American Express Company, a globally integrated payments company. Before joining American Express in 2013, Campbell was chief financial officer of the McKesson Corporation, a diversified healthcare services leader. Prior to his time at McKesson, Campbell spent 13 years at AMR Corp. and its principal subsidiary American Airlines, ultimately becoming the company's chief financial officer in 2002. Campbell progressed through a range of senior management roles at American Airlines, including leading the company's Europe, Middle East and Africa operations while based in London. Campbell began his professional career as a certified public accountant and management consultant with Deloitte, Haskins & Sells. In addition to his new directorship with MPC, Campbell serves on the boards of Aon plc, a provider of globally integrated Risk Capital and Human Capital solutions, and Hexcel Corporation, a global leader in advanced lightweight composites technology. Campbell is also a board member of The Juilliard School. Campbell holds a bachelor's degree in economics from Stanford University and a Master of Business Administration degree from Harvard University. Announcement • Oct 31
Marathon Petroleum Corporation Increases Quarterly Dividend, Payable December 10, 2024 The board of directors of Marathon Petroleum Corp. has declared a dividend of $0.91 per share on common stock, an increase of 10% over its previous dividend of $0.825 per share. The dividend is payable December 10, 2024, to shareholders of record as of the close of business November 20, 2024. Announcement • Sep 07
Marathon Petroleum Corporation to Report Q3, 2024 Results on Nov 05, 2024 Marathon Petroleum Corporation announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$4.34 (vs US$5.34 in 2Q 2023) Second quarter 2024 results: EPS: US$4.34 (down from US$5.34 in 2Q 2023). Revenue: US$38.0b (up 3.8% from 2Q 2023). Net income: US$1.52b (down 32% from 2Q 2023). Profit margin: 4.0% (down from 6.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 39%. Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 50% per year. Declared Dividend • Aug 05
First quarter dividend of US$0.82 announced Shareholders will receive a dividend of US$0.82. Ex-date: 21st August 2024 Payment date: 10th September 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 24% over the next 3 years. However, it would need to fall by 82% to increase the payout ratio to a potentially unsustainable range. Announcement • Aug 01
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on September 10, 2024 The board of directors of Marathon Petroleum Corp. has declared a dividend of $0.825 per share on common stock. The dividend is payable September 10, 2024, to shareholders of record as of the close of business August 21, 2024. Announcement • Jun 14
Marathon Petroleum Corporation to Report Q2, 2024 Results on Aug 06, 2024 Marathon Petroleum Corporation announced that they will report Q2, 2024 results on Aug 06, 2024 Announcement • Apr 30
Marathon Petroleum Corporation Provides Production Guidance for the Second Quarter of 2024 Marathon Petroleum Corporation provided production guidance for the second quarter of 2024. For the quarter, the company expects total refinery throughputs of 2,965 mbpd. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$2.60 (vs US$6.14 in 1Q 2023) First quarter 2024 results: EPS: US$2.60 (down from US$6.14 in 1Q 2023). Revenue: US$33.0b (down 6.0% from 1Q 2023). Net income: US$937.0m (down 66% from 1Q 2023). Profit margin: 2.8% (down from 7.8% in 1Q 2023). Revenue is forecast to decline by 4.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 30
Now 25% undervalued Over the last 90 days, the stock has risen 15% to €170. The fair value is estimated to be €226, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.4% per annum. Earnings are also forecast to decline by 17% per annum over the same time period. Declared Dividend • Apr 29
Fourth quarter dividend of US$0.82 announced Shareholders will receive a dividend of US$0.82. Ex-date: 15th May 2024 Payment date: 10th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 27% over the next 3 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 25
Marathon Petroleum Corporation Announces Quarterly Dividend, Payable on June 10, 2024 The board of directors of Marathon Petroleum Corp. has declared a dividend of $0.825 per share on common stock. The dividend is payable June 10, 2024, to shareholders of record as of the close of business May 16, 2024. Announcement • Mar 20
Marathon Petroleum Corporation to Report Q1, 2024 Results on Apr 30, 2024 Marathon Petroleum Corporation announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €180, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 347% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €231 per share. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: US$23.76 (vs US$28.20 in FY 2022) Full year 2023 results: EPS: US$23.76 (down from US$28.20 in FY 2022). Revenue: US$149.3b (down 16% from FY 2022). Net income: US$9.67b (down 33% from FY 2022). Profit margin: 6.5% (down from 8.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 4.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 01
Executive Vice President of Refining recently sold €1.3m worth of stock On the 26th of February, Timothy Aydt sold around 8k shares on-market at roughly €159 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.82 per share at 2.0% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 11 March 2024. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.1%). Declared Dividend • Feb 05
Fourth quarter dividend of US$0.82 announced Shareholders will receive a dividend of US$0.82. Ex-date: 20th February 2024 Payment date: 11th March 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 38% over the next 3 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: US$23.79 (vs US$28.20 in FY 2022) Full year 2023 results: EPS: US$23.79 (down from US$28.20 in FY 2022). Revenue: US$150.3b (down 16% from FY 2022). Net income: US$9.68b (down 33% from FY 2022). Profit margin: 6.4% (down from 8.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
Marathon Petroleum Corporation Provides Production Guidance for the First Quarter of 2024 Marathon Petroleum Corporation provided production guidance for the first quarter of 2024. For the quarter, the company expects total refinery throughputs of 2,685 mbpd. Announcement • Jan 10
Marathon Petroleum Corporation Announces Management Changes Marathon Petroleum Corporation appointed Erin M. Brzezinski as Controller. In this capacity, Ms. Brzezinski will be the Company’s principal accounting officer. Ms. Brzezinski is succeeding C. Kristopher Hagedorn, who ceased to serve as Senior Vice President and Controller of the Company effective January 8, 2024. As previously disclosed, Mr. Hagedorn was appointed Executive Vice President and Chief Financial Officer of MPLX GP LLC, the general partner of MPLX LP and an indirect, wholly owned subsidiary of the Company, effective January 1, 2024. Ms. Brzezinski, 41, has served as Assistant Controller, Technical Accounting, since August 2021, having previously served as Manager, Accounting, of MPLX GP LLC since May 2019. Prior to joining MPC, Ms. Brzezinski was Director, Assurance and Audit Services, at PricewaterhouseCoopers LLP, a professional services and accounting firm, beginning in 2018, and Senior Manager beginning in 2013. She was Manager, Technical Accounting, at Cooper Tire & Rubber Company, an automotive tire manufacturer, from 2011 to 2013. Previously, Ms. Brzezinski served in positions of increasing responsibility with PricewaterhouseCoopers LLP beginning in 2004. Announcement • Dec 09
Marathon Petroleum Corporation to Report Q4, 2023 Results on Jan 30, 2024 Marathon Petroleum Corporation announced that they will report Q4, 2023 results on Jan 30, 2024 Board Change • Dec 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Independent Director Frank Semple was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.82 per share at 2.3% yield Eligible shareholders must have bought the stock before 15 November 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.9%). Announcement • Nov 01
Marathon Petroleum Corporation Announces Management Changes Marathon Petroleum Corporation announced that Suzanne Gagle, General Counsel and Senior Vice President, Government Affairs of Marathon Petroleum Corporation (the Company), notified the Company of her intention to retire from the Company, following over 30 years of service, to be effective January 5, 2024. Molly R. Benson, who currently serves as the Company’s Vice President, Chief Securities, Governance & Compliance Officer and Corporate Secretary, has been appointed as Ms. Gagle’s successor to serve as Chief Legal Officer and Corporate Secretary of the Company effective January 1, 2024. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$8.33 (vs US$9.11 in 3Q 2022) Third quarter 2023 results: EPS: US$8.33 (down from US$9.11 in 3Q 2022). Revenue: US$41.6b (down 9.6% from 3Q 2022). Net income: US$3.28b (down 27% from 3Q 2022). Profit margin: 7.9% (down from 9.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 9.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
Marathon Petroleum Corporation (NYSE:MPC) announces an Equity Buyback for $5,000 million worth of its shares. Marathon Petroleum Corporation (NYSE:MPC) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of shares of its common stock. Announcement • Oct 26
Marathon Petroleum Corp. Declares Quarterly Dividend, Payable on December 11, 2023 The board of directors of Marathon Petroleum Corp. has declared a dividend of $0.825 per share on common stock, an increase of approximately 10% over its previous dividend of $0.75 per share. The dividend is payable on Dec. 11, 2023, to shareholders of record as of the close of business Nov. 16, 2023. Announcement • Sep 13
Marathon Petroleum Corporation to Report Q3, 2023 Results on Oct 31, 2023 Marathon Petroleum Corporation announced that they will report Q3, 2023 results on Oct 31, 2023 Upcoming Dividend • Aug 08
Upcoming dividend of US$0.75 per share at 2.1% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 11 September 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (2.3%). Announcement • Jul 27
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on September 11, 2023 The board of directors of Marathon Petroleum Corp. declared a dividend of $0.75 per share on common stock. The dividend is payable September 11, 2023, to shareholders of record as of the close of business August 16, 2023. Board Change • Jul 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. Independent Director Frank Semple was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. Independent Director Frank Semple was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 14
Marathon Petroleum Corporation to Report Q2, 2023 Results on Aug 01, 2023 Marathon Petroleum Corporation announced that they will report Q2, 2023 results on Aug 01, 2023 Announcement • May 20
Marathon Petroleum Corporation Announces Resignation of Toni Townes-Whitley from the Board, Effective June 30, 2023 Marathon Petroleum Corporation announced that on May 15, 2023, Toni Townes-Whitley notified the Board of Directors of the company of her decision to resign from the Board effective June 30, 2023 as a result of her recent appointment as chief executive officer of another company and in consideration of her additional time commitments associated with such position. Upcoming Dividend • May 09
Upcoming dividend of US$0.75 per share at 2.8% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 12 June 2023. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$6.14 (vs US$1.50 in 1Q 2022) First quarter 2023 results: EPS: US$6.14 (up from US$1.50 in 1Q 2022). Revenue: US$35.1b (down 8.3% from 1Q 2022). Net income: US$2.72b (up 222% from 1Q 2022). Profit margin: 7.8% (up from 2.2% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 25
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 111%. For the next 3 years, revenue is forecast to decline by 14% per annum. Earnings is also forecast to decline by 36% per annum over the same time period. Upcoming Dividend • Feb 08
Upcoming dividend of US$0.75 per share at 2.5% yield Eligible shareholders must have bought the stock before 15 February 2023. Payment date: 10 March 2023. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: US$28.21 (vs US$2.03 in FY 2021) Full year 2022 results: EPS: US$28.21 (up from US$2.03 in FY 2021). Revenue: US$178.2b (up 48% from FY 2021). Net income: US$14.4b (up US$13.2b from FY 2021). Profit margin: 8.1% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.8%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Marathon Petroleum Corporation Elects Toni Townes-Whitley to the Board of Directors Marathon Petroleum Corporation announced that Toni Townes-Whitley has been elected to the company's board of directors, effective March 1, 2023. Townes-Whitley is a global technology leader whose career spans more than 35 years, most recently as president of U.S. Regulated Industries at Microsoft Corporation. Prior to Microsoft, she held leadership roles with CGI Federal and Unisys Corporation. Townes-Whitley currently serves as an independent director on the boards of Nasdaq and PNC Financial Services. The election of Townes-Whitley will increase the number of directors on the MPC board to 12. In her role at Microsoft, Townes-Whitley led the strategy for driving digital transformation with customers and partners across the U.S. public sector and commercial regulated industries. With P&L responsibility for a $16 billion portfolio, she was one of the leading business executives at Microsoft, and in the technology industry. Ms. Townes-Whitley developed a track record of accelerating and sustaining profitable business while building high-performance teams. She also helped launch new initiatives at Microsoft, building the ethics framework for Artificial Intelligence and emerging technologies, and establishing herself as a leader in diversity and inclusion efforts. Townes-Whitley has been recognized as a business leader, including by Fortune's Most Powerful Women: Ones to Watch, Women in Technology Leadership, Black Enterprise Top Executive, and many other organizations. Townes-Whitley earned her bachelor's degree in Public Policy & Economics from Princeton University and has received certifications from Wharton Executive Education, New York University and the Performance Management Institute. She serves on several not-for-profit boards as well. Announcement • Jan 28
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on March 10, 2023 The board of directors of Marathon Petroleum Corp. declared a dividend of $0.75 per share on common stock. The dividend is payable March 10, 2023, to shareholders of record as of the close of business Feb. 16, 2023. Announcement • Dec 17
Marathon Petroleum Corporation to Report Q4, 2022 Results on Jan 31, 2023 Marathon Petroleum Corporation announced that they will report Q4, 2022 results on Jan 31, 2023 Upcoming Dividend • Nov 08
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 15 November 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.0%). Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$9.12 (vs US$1.10 in 3Q 2021) Third quarter 2022 results: EPS: US$9.12 (up from US$1.10 in 3Q 2021). Revenue: US$46.0b (up 42% from 3Q 2021). Net income: US$4.48b (up US$3.78b from 3Q 2021). Profit margin: 9.7% (up from 2.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 15% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. 
