Energy · Oil & Gas Refining & Marketing
Marathon Petroleum: revenue, profit and dividends
In fiscal 2025, Marathon Petroleum had revenue of $133B, up 6.3% a year on average since 2015, and net income of $4.05B (3.0% of revenue). Its dividend per share has gone up 4 years in a row, to $3.73. It has 44% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · −4.4% vs 2024
- Ticker
- MPC · NYSE
- Sector
- Energy
- Sub-industry
- Oil & Gas Refining & Marketing
- Headquarters
- Findlay, Ohio
- Founded
- 2009 (1887)
- In the S&P 500 since
- July 1, 2011
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Marathon Petroleum Corp · CIK 0001510295
Revenue and net income
Revenue went from $45.5B in 2009 to $133B in 2025. Net loss in 2020.
Diluted earnings per share
Diluted EPS went from $0.62 in 2009 to $13.22 in 2025. Ten-year growth: 9.7% a year.
Dividends per share
Raised 4 years in a row, every year from 2022 to 2025. Ten-year growth: 12.6% a year.
Shares outstanding
43.5% fewer shares in 2025 than in 2015 (542M → 306M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $4.77B in 2025, 3.6% of revenue. Negative in 2009, 2020.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $133B | $4.05B | 3.0% | $13.22 | $3.73 | 306M | $8.25B | $3.49B | $4.77B |
| 2024 | $139B | $3.44B | 2.5% | $10.08 | $3.38 | 341M | $8.66B | $2.53B | $6.13B |
| 2023 | $148B | $9.68B | 6.5% | $23.63 | $3.08 | 409M | $14.1B | $1.89B | $12.2B |
| 2022 | $177B | $14.5B | 8.2% | $28.12 | $2.49 | 516M | $16.4B | $2.42B | $13.9B |
| 2021 | $120B | $9.74B | 8.1% | $15.24 | $2.32 | 638M | $4.36B | $1.46B | $2.9B |
| 2020 | $69.8B | −$9.83B | −14.1% | −$15.13 | $2.32 | 649M | $2.42B | $2.79B | −$368M |
| 2019 | $111B | $2.64B | 2.4% | $3.97 | $2.12 | 664M | $9.44B | $4.81B | $4.63B |
| 2018 | $86.1B | $2.78B | 3.2% | $5.28 | $1.84 | 526M | $6.16B | $3.18B | $2.98B |
| 2017 | $74.7B | $3.43B | 4.6% | $6.70 | $1.52 | 512M | $6.61B | $2.73B | $3.88B |
| 2016 | $63.3B | $1.17B | 1.9% | $2.21 | $1.36 | 530M | $4.02B | $2.89B | $1.12B |
| 2015 | $72.1B | $2.85B | 4.0% | $5.26 | $1.14 | 542M | $4.07B | $2.0B | $2.08B |
| 2014 | $97.8B | $2.52B | 2.6% | $4.39 | $0.92 | 574M | $3.11B | $1.48B | $1.63B |
| 2013 | $100B | $2.11B | 2.1% | $3.32 | $0.77 | 634M | $3.4B | $1.21B | $2.2B |
| 2012 | $82.2B | $3.39B | 4.1% | $4.95 | $0.60 | 684M | $4.49B | $1.37B | $3.12B |
| 2011 | $78.6B | $2.39B | 3.0% | $3.33 | $0.23 | 714M | $3.31B | $1.19B | $2.12B |
| 2010 | $62.5B | $623M | 1.0% | $0.87 | — | 716M | $2.22B | $1.22B | $1.0B |
| 2009 | $45.5B | $449M | 1.0% | $0.62 | — | 716M | $2.46B | $2.89B | −$436M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
Stock splits
Found in the filings; per-share figures and share counts on this page are on today’s share basis.
- 2-for-1 split · first reflected in a filing of August 3, 2015
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Oil & Gas Refining & Marketing companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.