Buyback yield (TTM)
4.42%
Shareholder yield (TTM)
6.01%
5Y share count change
-53.0%
Buyback spend (TTM)
$3.18B
Cumulative buybacks
$55.87B
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.
Dividend & buyback yield over time for Marathon Petroleum (MPC)
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.
Diluted vs basic shares (annual) for Marathon Petroleum (MPC)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Marathon Petroleum (MPC)
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.
Cash buyback spend over time for Marathon Petroleum (MPC)
Latest: $3.49B
Overview
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 mixed annual results across the window.
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 $0.00 in 2008.
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
2024's buyback spend for Marathon Petroleum came in at $9.19B, declined 20.6% below 2023.
Marathon Petroleum Buyback Spend 2023: $11.57B
Marathon Petroleum posted buyback spend of $11.57B in 2023, edged down 2.9% below 2022.
Marathon Petroleum Buyback Spend 2022: $11.92B
In 2022, Marathon Petroleum reported buyback spend of $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $3.49B | $0.00 | $3.49B | 7.17% | 0.30B | -10.6% | |
| 2024 | $9.19B | $0.00 | $9.19B | 20.58% | 0.34B | -16.6% | |
| 2023 | $11.57B | $0.00 | $11.57B | 20.74% | 0.41B | -20.7% | |
| 2022 | $11.92B | $0.00 | $11.92B | 22.03% | 0.52B | -19.1% | |
| 2021 | $4.65B | $0.00 | $4.65B | 11.99% | 0.64B | -1.7% | |
| 2020 | $0.00 | $0.00 | $0.00 | — | 0.65B | -2.3% | |
| 2019 | $1.95B | $0.00 | $1.95B | 4.99% | 0.66B | +26.2% | |
| 2018 | $3.29B | $0.00 | $3.29B | 7.91% | 0.53B | +2.7% | |
| 2017 | $2.37B | $0.00 | $2.37B | 7.30% | 0.51B | -3.5% | |
| 2016 | $197.00M | $0.00 | $197.00M | 0.74% | 0.53B | -2.1% | |
| 2015 | $965.00M | $0.00 | $965.00M | 3.48% | 0.54B | -5.6% | |
| 2014 | $2.13B | $0.00 | $2.13B | 8.46% | 0.57B | -9.6% | |
| 2013 | $2.79B | $0.00 | $2.79B | 10.11% | 0.63B | -7.2% | |
| 2012 | $1.35B | $0.00 | $1.35B | 6.38% | 0.68B | -4.2% | |
| 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 | — |
- 2025$3.49B
- 2024$9.19B
- 2023$11.57B
- 2022$11.92B
- 2021$4.65B
- 2020$0.00
- 2019$1.95B
- 2018$3.29B
- 2017$2.37B
- 2016$197.00M
- 2015$965.00M
- 2014$2.13B
- 2013$2.79B
- 2012$1.35B
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
Buybacks vs stock-based compensation for Marathon Petroleum (MPC)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for Marathon Petroleum (MPC)
How Marathon Petroleum splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Marathon Petroleum, ranked by their latest buyback spend.
| $20.27B | |
| $11.86B | |
| $5.02B | |
| $2.60B | |
| $2.56B | |
| $2.41B | |
| $0.00 | |
| $0.00 |
- $20.27B
- $11.86B
- $5.02B
- $2.60B
- $2.56B
- $2.41B
- $0.00
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).
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