Marathon Petroleum Corporation MPC

Competitive advantage analysis · energy

Corporate Default
Overall moat score
58/100
Moderate

About Marathon Petroleum Corporation

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases … Full MPC analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 70.6th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Consistent Cash Generation Cash generation is strong and consistent (score 0.79).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
50

Where MPC ranks in Oil & Gas Refining & Marketing

Marathon Petroleum Corporation ranks #7 of 19 scored companies in Oil & Gas Refining & Marketing by moat score — the top 37%. The widest moat in the group is Star Group L.P. (SGU) at 81/100.

Moat scores for companies ranked near MPC in Oil & Gas Refining & Marketing
# Company Moat score Rating
3 Ultrapar Participacoes S.A. (Ne UGP 67/100 Moderate
4 Delek Logistics Partners, L.P. DKL 62/100 Moderate
5 Sunoco LP SUN 61/100 Moderate
6 CrossAmerica Partners LP CAPL 60/100 Moderate
7 Marathon Petroleum Corporation MPC 58/100 Moderate
8 Cosan S.A. CSAN 57/100 Moderate
9 Phillips 66 PSX 55/100 Moderate
10 Valero Energy Corporation VLO 53/100 Moderate
11 HF Sinclair Corporation DINO 50/100 Moderate

See every Commodities & Mining company ranked by moat score →

How MPC scores on the Corporate Default defenses

Pricing Power

Score 50 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 56 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 65 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 76 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 59 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 42 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MPC's moat

What is Marathon Petroleum Corporation's moat score?

Marathon Petroleum Corporation (MPC) scores 58 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #7 of 19 scored companies in Oil & Gas Refining & Marketing, the top 37%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 18 companies in Oil & Gas Refining & Marketing. Its strongest defense is Capital Efficiency (76/100) and its weakest is Scale & Market Position (42/100).

How does Marathon Petroleum Corporation compare with other Oil & Gas Refining & Marketing companies?

Marathon Petroleum Corporation ranks #7 of 19 scored companies in Oil & Gas Refining & Marketing by moat score. The widest moat in Oil & Gas Refining & Marketing is Star Group L.P. (SGU) at 81/100. The companies ranked closest are CrossAmerica Partners LP (CAPL) at 60 just above it and Cosan S.A. (CSAN) at 57 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 18 companies in Oil & Gas Refining & Marketing. The defenses are then weighted to produce the overall score out of 100.

Why is Marathon Petroleum Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Marathon Petroleum Corporation?

The Corporate Default template measures 6 defenses, and MPC scores: Pricing Power (50), Cost Advantage (56), Customer Stickiness (65), Capital Efficiency (76), Resilience (59), Scale & Market Position (42). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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