Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Marathon Petroleum's share price for the quarter that ended in Dec. 2023 was $148.36. Marathon Petroleum's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 368 Mil. Therefore, Marathon Petroleum's market cap for the quarter that ended in Dec. 2023 was $54,596 Mil.
Marathon Petroleum's quarterly market cap
increased
from Jun. 2023 ($47,223 Mil) to Sep. 2023 ($58,417 Mil) but then
declined
from Sep. 2023 ($58,417 Mil) to Dec. 2023 ($54,596 Mil).
Marathon Petroleum's annual market cap
increased
from Dec. 2021 ($37,050 Mil) to Dec. 2022 ($52,841 Mil) and
increased
from Dec. 2022 ($52,841 Mil) to Dec. 2023 ($54,596 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Marathon Petroleum's Enterprise Value for Today is $90,168 Mil.
Marathon Petroleum Market Cap Historical Data
The historical data trend for Marathon Petroleum's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Marathon Petroleum's Market Cap
For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Marathon Petroleum's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Marathon Petroleum's Market Cap distribution charts can be found below:
* The bar in red indicates where Marathon Petroleum's Market Cap falls into.
Marathon Petroleum Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Marathon Petroleum's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Marathon Petroleum (NYSE:MPC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Marathon Petroleum Market Cap Related Terms
Thank you for viewing the detailed overview of Marathon Petroleum's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Marathon Petroleum (Marathon Petroleum) Business Description
Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.
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