Marathon Petroleum Corporation (MPC), based in Findlay, Ohio, is an integrated downstream energy company. With a market capitalization of $51.4 billion, it operates across two segments: Refining & Marketing and Midstream.
Shares of the energy titan have underperformed the broader market over the past year. Despite rallying 7.4% over the past 52 weeks, MPC has lagged behind the S&P 500 Index’s ($SPX) 31.1% returns during the same time frame. In 2024, MPC is up 7%, lagging behind SPX’s 24.1% gains on a YTD basis.
