Marathon Petroleum (Marathon Petroleum) Reserve Replacement Ratio % : 0.00% (As of Dec. 2023)

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What is Marathon Petroleum Reserve Replacement Ratio %?

Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.

The historical rank and industry rank for Marathon Petroleum's Reserve Replacement Ratio % or its related term are showing as below:

MPC's Reserve Replacement Ratio % is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Reserve Replacement Ratio % only.

Marathon Petroleum Reserve Replacement Ratio % Historical Data

The historical data trend for Marathon Petroleum's Reserve Replacement Ratio % 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.

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Marathon Petroleum Reserve Replacement Ratio % Chart

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Marathon PetroleumQuarterly Data

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Competitive Comparison of Marathon Petroleum's Reserve Replacement Ratio %

For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Reserve Replacement Ratio %, along with its competitors' market caps and Reserve Replacement Ratio % 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 (NYSE:MPC) Reserve Replacement Ratio % Explanation

Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.

According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.

This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.

Marathon Petroleum Reserve Replacement Ratio % Related Terms

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Marathon Petroleum (Marathon Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (NYSE:MPC) » Definitions » Reserve Replacement Ratio %

Comparable Companies

Traded in Other Exchanges

MPC:Mexico MPN:Germany MPN:Germany M1PC34:Brazil MPC:Austria

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

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.

Executives

Carl Kristopher Hagedorn	officer: Senior VP and Controller	C/O CONE MIDSTREAM PARTNERS LP, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Rucker Kim K.w.	director	KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Shawn M Lyon	officer: SVP Log & Storage, MPLX GP LLC	C/O MPLX, 200 E HARDIN STREET, FINDLAY OH 45840
Gregory Scott Floerke	officer: Ex VP & COO, MPLX GP LLC	C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202
Timothy J Aydt	officer: Ex VP and CCO, MPLX GP LLC	C/O MPLX LP, 200 E. HARDIN STREET, FINDLAY OH 45840
Toni Townes-whitley	director	8340 SPRINGHAVEN GARDEN LANE, MCLEAN, VA X1 22102
Michael J Hennigan	officer: President & CEO, MPLX GP LLC	3807 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Suzanne Gagle	officer: VP and General Counsel	C/O MPC, FINDLAY OH 45840
Thomas Kaczynski	officer: VP, Finance and Treasurer	C/O MARATHON PETROLEUM CORPORATION, FINDLAY OH 45840
Raymond L Brooks	officer: Sr. VP, Refining	C/O MPC, FINDLAY OH 45840
Charles E Bunch	director	PPG INDUSTRIES INC., ONE PPG PLACE, PITTSBURGH PA 15272
Brian C Davis	officer: Exec VP, Chief Commercial Ofc	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Maryann T. Mannen	officer: Exec VP & Chief Fin Ofc	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Jonathan Z Cohen	director	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
James E Rohr	director	249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222