33 of 500
Marathon Petroleum
Marathon Petroleum
33
Financials: Latest Results
Rank: 33
Previous rank: 31
CEO: Gary R. Heminger

Low crude oil prices have given Marathon Petroleum an impressive year, with net income of $3.4 billion for 2012, a 42% increase from the previous year. A significant portion of Marathon’s operations (just under 40%, according to Morningstar) are in the Mid-Continent oil region, which has been able to yield impressive discounts on crude oil compared to the Gulf Coast and oil territories overseas.

Marathon has devoted its resources to upgrading refineries, acquiring new ones, and expanding into new territory. The company has expanded the capacity of its Garyville, Ind. refinery over the past few years, it completed a revamp of its operations in Detroit that will allow it to process Canadian crude, and it purchased a refinery from BP in Galveston Bay, Texas for $2.4 billion.

Headquarters:
539 S. Main St.
Findlay, OH. 45840
419-422-2121
Website: www.marathonpetroleum.com
Network with Marathon Petroleum
Key financials
$ millions
% change from 2011
Revenues
76,783
4.3
Profits
3,389
41.9
Assets
27,223
Stockholder's equity
11,694
Market cap (on 3/29/2013)
29,696.5
Profits as % of
Revenues
4.4
Assets
12.4
Stockholders' equity
29
Earnings per share
2012$
9.89
% change from 2011
48.3
2002-2012 annual growth rate %
N.A.
Total return to investors
%
2012
94
2002-2012 annual rate
N.A.
From the May 20, 2013 issue

Notes:
Excise taxes have been deducted.
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Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. More
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