MPLX is a limited partnership formed by Marathon Petroleum Corporation that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. Co. has the following operating segments: Logistics and Storage (L&S) and Gathering and Processing (G&P) operating segments. Co.'s L&S segment primarily engages in the gathering, transportation, storage, and distribution of crude oil, refined products and other hydrocarbon-based products. Co.'s G&P segment primarily engages in the gathering, processing and transportation of natural gas as well as the gathering, transportation, fractionation, storage and marketing of natural gas liquids. We show 46 historical shares outstanding datapoints in our MPLX shares outstanding history coverage, used to compute MPLX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MPLX market cap history over the course of time is important for investors
interested in comparing MPLX'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 MPLX versus a peer is one thing; comparing
MPLX 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 MPLX can fluctuate over the course of history.
With this page we aim to empower investors researching MPLX by allowing them to research the MPLX market cap history. |
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Video: The Importance of Market Cap
