Marathon Petroleum's second-quarter earnings far exceeded market expectations, as the company capitalized on an already favorable market environment with continued strong operating performance. Share repurchases increased to $2.5 billion during the quarter.
High-complexity facilities in the midcontinent and Gulf Coast position Marathon to capitalize on a variety of discount crude streams, endowing it with a feedstock cost advantage.
Marathon's refineries on the West Coast have higher costs and less cost-advantaged feedstock, while EVs threaten long-term demand more.
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Metric
|
MPC
|
VLO
|
PSX
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.70 | 15.29 | 17.13 |
Price/Book Value | 5.77 | 4.27 | 3.23 |
Price/Sales | 0.75 | 0.80 | 0.68 |
Price/Cash Flow | 8.08 | 10.37 | 11.51 |
|
Metric
|
MPC
|
VLO
|
PSX
|
|---|---|---|---|
Quick Ratio | 0.86 | 1.16 | 0.86 |
Current Ratio | 1.25 | 1.64 | 1.32 |
Interest Coverage | 9.23 | 18.53 | 8.26 |
|
Metric
|
MPC
|
VLO
|
PSX
|
|---|---|---|---|
Return on Assets (Normalized) | 12.75% | 11.98% | 7.68% |
Return on Equity (Normalized) | 62.83% | 30.13% | 20.95% |
Return on Invested Capital (Normalized) | 20.88% | 20.11% | 13.25% |
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1-Day Chart
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United States