Marathon Petroleum Corp

MPC
Failed

Company Overview

Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates. The Midstream segment 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. It also gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets NGLs. The company was founded in 1887 and is headquartered in Findlay, OH.

Country
US
Market Cap
$47.68B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.12% passed
5% Threshold
0.1%
Liabilities Compliance
59.77% failed
33% Threshold
59.8%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Marathon Petroleum Corp
Ticker MPC
Main Business Oil & Gas Refining & Marketing
Type Common Stock
Industry Oil & Gas Refining & Marketing
Country US
Market Cap $47.68 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Refining & Marketing $172,090.0 $0.0 -
Midstream $5,370.0 $0.0 -
Interest income $221.0 $221.0 -
Total $177,681.0 $221.0 0.12% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
current debt and capital lease obligation $2,410,000,000.0 5.05%
long term debt and capital lease obligation $26,090,000,000.0 54.72%
Total Interest-Bearing Debt $28,500,000,000.0 59.77%
Market Capitalization $47,681,420,400.0 100.00%
Compliance Status Threshold: 33% failed