Billionaire’s 15 Favorite Oil and Gas Stocks Right Now

10. Marathon Petroleum Corporation (NYSE:MPC)

Number of Billionaire Holders: 13

Marathon Petroleum Corporation (NYSE:MPC) is a leading integrated downstream energy company that operates the largest refining system in the US. The company boasts 3 million barrels per day of crude oil refining capacity across 13 refineries, which are integrated with each other via pipelines, terminals, and barges to maximize operating efficiency.

Marathon Petroleum Corporation (NYSE:MPC) posted a sharp decline in Q4 earnings, with EPS of $0.77, but still managed to beat expectations due to the strength in its midstream segment. The oil refining industry is going through significant challenges since late 2023 due to lower profit margins, and MPC’s Q4 refining margin also fell 27% YoY to $12.93 per barrel during the quarter. As a result, the company’s refining profit slumped to $559 million, down 75% from $2.25 billion a year ago. Marathon’s full year operating cash flow for 2024 came in at $8.7 billion, enabling peer-leading capital return of $10.2 billion and a 23% capital return yield for its shareholders. As of the end of the year, the company still had $7.8 billion available under its share repurchase authorizations.

Marathon Petroleum Corporation (NYSE:MPC) continues to expand its refining efficiency with capital investments of $1.25 billion on multiple projects in 2025. The company has also planned to spend around $2 billion this year on growth projects in its midstream business.