Gary Heminger - Marathon Petroleum CEO

MPC Stock  USD 201.50  4.51  2.29%   

CEO

Mr. Gary R. Heminger is a Chairman of the Board, Chief Executive Officer of the Company. Mr. Heminger has served as our Chairman of the Board since April 2016, as Chief Executive Officer since 2011, and also served as our President from 2011 to 2017. He is also Chairman of the Board and Chief Executive Officer of MPLX GP and TLGP. Mr. Heminger joined Marathon Oil Company in 1975, serving in various finance, auditing, marketing and business development roles. He served as President of Marathon Pipe Line Company from 1995 to 1996, and as Manager, Business Development and Joint Interest of Marathon Oil Company beginning in 1996. He was named Vice President of Business Development for Marathon Ashland Petroleum LLC upon its formation in 1998, and Senior Vice President, Business Development in 1999. In 2001, he was named Executive Vice President, Supply, Transportation and Marketing, and was appointed President of Marathon Petroleum Company LLC and Executive Vice PresidentDownstream of Marathon Oil Corporation later that year. Mr. Heminger holds a bachelors degree in accounting from Tiffin University, a masters degree in business administration from the University of Dayton, and is a graduate of the Wharton School Advanced Management Program at the University of Pennsylvania since 2020.
Age 65
Tenure 4 years
Address 539 South Main Street, Findlay, OH, United States, 45840-3229
Phone419 422 2121
Webhttps://www.marathonpetroleum.com
Heminger currently serves on the boards of Fifth Third Bancorp, PPG Industries, Inc., MPLX GP and TLGP. He also serves on the boards of directors and executive committees of the American Petroleum Institute and the American Fuel and Petrochemicals Manufacturers . He is also a member of the Oxford Institute for Energy Studies, a member of the board of trustees of The Ohio State University and is past Chairman of the board of trustees of Tiffin University.

Marathon Petroleum Management Efficiency

The company has Return on Asset of 0.097 % which means that on every $100 spent on assets, it made $0.097 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3361 %, implying that it generated $0.3361 on every 100 dollars invested. Marathon Petroleum's management efficiency ratios could be used to measure how well Marathon Petroleum manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.42, whereas Return On Capital Employed is forecasted to decline to 0.14. At present, Marathon Petroleum's Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 4.57, whereas Total Assets are forecasted to decline to about 58.5 B.
The company has 28.5 B in debt with debt to equity (D/E) ratio of 0.83, which is OK given its current industry classification. Marathon Petroleum Corp has a current ratio of 1.62, which is typical for the industry and considered as normal. Debt can assist Marathon Petroleum until it has trouble settling it off, either with new capital or with free cash flow. So, Marathon Petroleum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Marathon Petroleum Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Marathon to invest in growth at high rates of return. When we think about Marathon Petroleum's use of debt, we should always consider it together with cash and equity.

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Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio. Marathon Petroleum operates under Oil Gas Refining Marketing classification in the United States and is traded on New York Stock Exchange. It employs 17700 people. Marathon Petroleum Corp (MPC) is traded on New York Stock Exchange in USA. It is located in 539 South Main Street, Findlay, OH, United States, 45840-3229 and employs 18,200 people. Marathon Petroleum is listed under Oil & Gas Refining & Marketing category by Fama And French industry classification.

Management Performance

Marathon Petroleum Corp Leadership Team

Elected by the shareholders, the Marathon Petroleum's board of directors comprises two types of representatives: Marathon Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Marathon. The board's role is to monitor Marathon Petroleum's management team and ensure that shareholders' interests are well served. Marathon Petroleum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Marathon Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kristina Kazarian, Vice President - Investor Relations Officer
David Sauber, Senior Vice President - Labor Relations, Operations, Health and Administrative Services
D Linhardt, Vice President - Tax
Michael Palmer, Sr. VP of Supply, Distribution and Planning
Suzanne Gagle, Senior Vice President, Government Affairs, General Counsel
Geri Ewing, Director Insurance
Steven Davis, Non-Executive Independent Director
Thomas Kelley, Senior Vice President - Marketing
James Wilkins, Vice President - Environment, Safety and Security
Molly Benson, Vice President, Chief Securities, Governance and Compliance Officer and Corporate Secretary
Richard Hernandez, Senior Vice President - Eastern Refining Operations
Tracy Case, Senior Vice President - Western Refining Operations
David Daberko, Independent Director
C Hagedorn, Senior Vice President Principal Accounting Officer, Controller
Karma Thomson, Vice President - Corporate Affairs
Jonathan Cohen, Executive Vice Chairman of the Board
James Rohr, Lead Independent Director
Brian Partee, Senior Vice President, Global Clean Products
Timothy Griffith, CFO, Sr. VP and Treasurer
Raymond Brooks, Executive Vice President - Refining
Carl Hagedorn, Controller VP
Brian Davis, Executive Vice President Chief Commercial Officer
Charles Bunch, Non-Executive Independent Director
Fiona Laird, Chief Human Resource Officer, Senior Vice President - Communications
Anthony Kenney, President of Speedway LLC
Timothy Harris, VP Officer
Thomas Kaczynski, Senior Vice President - Finance, Treasurer
Randy Nickerson, Executive Vice President - Corporate Strategy
Maryann Mannen, Chief Financial Officer, Executive Vice President
David Whikehart, Senior Vice President - Light Products, Supply and Logistics
Gregory Goff, Executive Vice Chairman of the Board
C Case, Senior Vice President - Western Refining Operations
Susan Tomasky, Non-Executive Independent Director
John Surma, Non-Executive Independent Chairman of the Board
Abdulaziz Alkhayyal, Non-Executive Independent Director
Glenn Plumby, Executive Vice President and Chief Operating Officer, Speedway LLC
Donald Templin, Chief Financial Officer, Executive Vice President
John Haley, Vice President - Tax
Evan Bayh, Non-Executive Independent Director
Kim Rucker, Non-Executive Independent Director
Rick Hessling, Senior Vice President - Crude Oil Supply and Logistics
Richard Bedell, Sr. VP of Refining
Donna James, Independent Director
Rodney Nichols, Senior Vice President - Human Resources and Administrative Services
Pamela Beall, Senior Vice President - Corporate Planning, Government and Public Affairs
Michael Stice, Independent Director
Louis Rubiola, Vice Analysis
Michael Wilder, Vice President General Counsel, Secretary
Ehren Powell, Senior Vice President Chief Digital Officer
Frank Semple, Non-Executive Independent Director
David Heppner, Senior Vice President - Strategy and Business Development
Erin Brzezinski, Controller VP
John Quaid, Vice President and Controller, Principal Accounting Officer
J Stice, Non-Executive Independent Director
Gregory Floerke, Executive MPLX
John Snow, Independent Director
William Davis, Independent Director
Edward Galante, Non-Executive Independent Director
Timothy Aydt, Executive Refining
Thomas Usher, Non-Executive Independent Chairman of the Board
Donald Wehrly, Chief Information Officer, Vice President
Michael Hennigan, President, Chief Executive Officer, Director
Rick Linhardt, Vice President - Tax
Gary Heminger, CEO and President Director and Member of Executive Committee
John Swearingen, Vice President - Health, Environmental, Safety & Security
George Shaffner, Senior Vice President - Transportation & Logistics

Marathon Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Marathon Petroleum a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Marathon Petroleum Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Marathon Petroleum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Marathon Petroleum Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Marathon Petroleum Corp Stock:
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When running Marathon Petroleum's price analysis, check to measure Marathon Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Marathon Petroleum is operating at the current time. Most of Marathon Petroleum's value examination focuses on studying past and present price action to predict the probability of Marathon Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marathon Petroleum's price. Additionally, you may evaluate how the addition of Marathon Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Marathon Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Marathon Petroleum. If investors know Marathon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Marathon Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Dividend Share
3.15
Earnings Share
23.63
Revenue Per Share
366.948
Quarterly Revenue Growth
(0.09)
The market value of Marathon Petroleum Corp is measured differently than its book value, which is the value of Marathon that is recorded on the company's balance sheet. Investors also form their own opinion of Marathon Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Marathon Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Marathon Petroleum's market value can be influenced by many factors that don't directly affect Marathon Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Marathon Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Marathon Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marathon Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.