Marathon Petroleum is a downstream energy company. Co.'s segments are: Refining and Marketing, which refines crude oil and other feedstocks, including renewable feedstocks, at Co.'s refineries in the Gulf Coast, Mid-Continent and West Coast regions of the U.S., purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution and marketing services provided by its Midstream segment; and Midstream, which transports, stores, distributes and markets crude oil and refined products principally for the Refining and Marketing segment via refining logistics assets, pipelines, terminals, towboats and barges. We show 53 historical shares outstanding datapoints in our MPC shares outstanding history coverage, used to compute MPC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Marathon Petroleum market cap history over the course of time is important for investors
interested in comparing Marathon Petroleum's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of Marathon Petroleum versus a peer is one thing; comparing
Marathon Petroleum market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like Marathon Petroleum can fluctuate over the course of history.
With this page we aim to empower investors researching Marathon Petroleum by allowing them to research the Marathon Petroleum market cap history. |
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Video: The Importance of Market Cap
