Marathon Petroleum (MPC) Stock Buyback History
TTM buyback yield 4.42% · Shareholder yield (TTM) 4.42%.
TTM buyback yield
4.42%
Shareholder yield (TTM)
4.42%
5Y share count change
-53.0%
TTM buyback spend
$3.18B
SBC coverage (TTM)
N/A
YoY change in spend
-62.0%
5Y CAGR of spend
N/A
Peak year (2022)
$11.92B
Cumulative spend
$55.87B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Marathon Petroleum (MPC) repurchased about $3.18B of stock over the trailing twelve months.
- Diluted share count is down 53.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM repurchases used about 70% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $3.49B | $0.00 | $3.49B | 0.30B | -10.6% | 7.17% |
| 2024 | $9.19B | $0.00 | $9.19B | 0.34B | -16.6% | 20.58% |
| 2023 | $11.57B | $0.00 | $11.57B | 0.41B | -20.7% | 20.74% |
| 2022 | $11.92B | $0.00 | $11.92B | 0.52B | -19.1% | 22.03% |
| 2021 | $4.65B | $0.00 | $4.65B | 0.64B | -1.7% | 11.99% |
| 2020 | $0.00 | $0.00 | $0.00 | 0.65B | -2.3% | — |
| 2019 | $1.95B | $0.00 | $1.95B | 0.66B | 26.2% | 4.99% |
| 2018 | $3.29B | $0.00 | $3.29B | 0.53B | 2.7% | 7.91% |
| 2017 | $2.37B | $0.00 | $2.37B | 0.51B | -3.5% | 7.30% |
| 2016 | $197.00M | $0.00 | $197.00M | 0.53B | -2.1% | 0.74% |
| 2015 | $965.00M | $0.00 | $965.00M | 0.54B | -5.6% | 3.48% |
| 2014 | $2.13B | $0.00 | $2.13B | 0.57B | -9.6% | 8.46% |
| 2013 | $2.79B | $0.00 | $2.79B | 0.63B | -7.2% | 10.11% |
| 2012 | $1.35B | $0.00 | $1.35B | 0.68B | -4.2% | 6.38% |
| 2011 | $0.00 | $0.00 | $0.00 | 0.71B | -0.3% | — |
| 2010 | $0.00 | $0.00 | $0.00 | 0.72B | 0.0% | — |
| 2009 | $0.00 | $0.00 | $0.00 | 0.72B | 0.0% | — |
| 2008 | $0.00 | $0.00 | $0.00 | 0.72B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Marathon Petroleum (MPC) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Marathon Petroleum (MPC)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Marathon Petroleum (MPC)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $3.49B | -62.0% | -$5.70B | ||
| 2024 | $9.19B | -20.6% | -$2.38B | ||
| 2023 | $11.57B | -2.9% | -$350.00M | ||
| 2022 | $11.92B | +156.2% | +$7.27B | ||
| 2021 | $4.65B | — | +$4.65B | ||
| 2020 | $0 | -100.0% | -$1.95B | ||
| 2019 | $1.95B | -40.7% | -$1.34B | ||
| 2018 | $3.29B | +38.6% | +$915.00M | ||
| 2017 | $2.37B | +1104.1% | +$2.17B | ||
| 2016 | $197.00M | -79.6% | -$768.00M | ||
| 2015 | $965.00M | -54.7% | -$1.17B | ||
| 2014 | $2.13B | -23.7% | -$662.00M | ||
| 2013 | $2.79B | +106.9% | +$1.44B | ||
| 2012 | $1.35B | — | +$1.35B | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | — |
The 2025 reading of Marathon Petroleum (MPC) buyback spend is $3.49B – plunged 62.0% year-over-year.
Over 2015–2025 (10 years), Marathon Petroleum buyback spend expanded at a +13.7% compound annual rate, with the latest reading among the more recent periods of the dataset.
Between 2022 and 2025, Marathon Petroleum buyback spend plunged 70.7%, falling from $11.92B to $3.49B.
The highest annual buyback spend of $11.92B was reported in 2022. The lowest in the available history was $0 in 2008.
Marathon Petroleum (MPC) sits 4th of 8 Energy peers we track on this metric, against a peer median of $2.49B.
Marathon Petroleum Buyback Spend 2025: $3.49B
Marathon Petroleum buyback spend in 2025 was $3.49B, plunged 62.0% below 2024.
Marathon Petroleum Buyback Spend 2024: $9.19B
Marathon Petroleum buyback spend in 2024 was $9.19B, declined 20.6% below 2023.
Marathon Petroleum Buyback Spend 2023: $11.57B
Marathon Petroleum buyback spend in 2023 was $11.57B, edged down 2.9% below 2022.
Marathon Petroleum Buyback Spend 2022: $11.92B
Marathon Petroleum buyback spend in 2022 was $11.92B, surged 156.2% from 2021. This figure represents the highest annual value in the available history.
Marathon Petroleum Buyback Spend 2021: $4.65B
Marathon Petroleum buyback spend in 2021 was $4.65B.
See more financial history for Marathon Petroleum (MPC).
Sector peers by buyback spend
Companies in the same sector as Marathon Petroleum, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $20.27B | Energy |
| Chevron (CVX) | $11.86B | Energy |
| ConocoPhillips (COP) | $5.02B | Energy |
| EOG Resources (EOG) | $2.56B | Energy |
| SLB (SLB) | $2.41B | Energy |
| Enbridge (ENB) | $0 | Energy |
| Williams Companies (WMB) | $0 | Energy |
| Kinder Morgan (KMI) | $0 | Energy |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Capital allocation mix
How Marathon Petroleum splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $4.55B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Marathon Petroleum's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Marathon Petroleum buy back its own stock?
Yes, Marathon Petroleum (MPC) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Marathon Petroleum spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $3.18B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Marathon Petroleum's buyback yield?
TTM buyback yield is about 4.42% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Marathon Petroleum's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 4.42% combined (TTM-based where available).
Is Marathon Petroleum diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Marathon Petroleum's share count changed?
Diluted weighted average shares changed by about -53.0% over roughly five fiscal years (annual income statement data).
What is Marathon Petroleum's buyback spend?
Latest reported buyback spend for Marathon Petroleum (MPC) is $3.18B (period ending March 31, 2026).
How has Marathon Petroleum buyback spend changed year-over-year?
Marathon Petroleum (MPC) buyback spend changed -62.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Marathon Petroleum buyback spend?
Marathon Petroleum (MPC) buyback spend compound annual growth rate is +13.7% over the most recent 10 years available.
When did Marathon Petroleum buyback spend hit its highest annual value?
Marathon Petroleum buyback spend reached its highest annual value of $11.92B in 2022.
What was Marathon Petroleum buyback spend in 2024?
Marathon Petroleum (MPC) buyback spend in 2024 was $9.19B.
What was Marathon Petroleum buyback spend in 2025?
Marathon Petroleum (MPC) buyback spend in 2025 was $3.49B.
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