Marathon Petroleum (MPC) Shares Outstanding (Diluted) (2010 - 2026)
Marathon Petroleum's Shares Outstanding (Diluted) came in at 290 million for Q2 2026, down 5.5% from 307 million a year earlier and down 1.7% from the prior quarter.
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Analysis
Marathon Petroleum (MPC) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, Marathon Petroleum's Shares Outstanding (Diluted) was 306 million, down 10.3% from FY2024.
- Shares Outstanding (Diluted) has declined in each of the last six years, with a five-year compound annual growth rate of -14.0% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 341 million in FY2024 (-16.6%), 409 million in FY2023 (-20.7%), 516 million in FY2022 (-19.1%) and 638 million in FY2021 (-1.7%).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) in data going back to Q2 2010.
- Year-over-year, Shares Outstanding (Diluted) has declined for 20 consecutive quarters, with an average decline of 11.1% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 1.7% in Q4 2021 to 22.4% in Q3 2022.
- Business Quant data shows MPC's Shares Outstanding (Diluted) at 295 million (Q1 2026), 306 million (Q4 2025) and 304 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Valero Energy | 111.70 Bn | 91.91 Bn | 5.47 Bn | 294.00 Mn |
| 2 | Marathon Petroleum | 111.10 Bn | 101.50 Bn | 9.27 Bn | 290.00 Mn |
| 3 | HF Sinclair | 19.09 Bn | 13.31 Bn | 1.57 Bn | 179.42 Mn |
| 4 | Sunoco | 9.98 Bn | 4.36 Bn | 1.46 Bn | 137.74 Mn |
| 5 | PBF Energy | 9.19 Bn | 6.88 Bn | 1.15 Bn | 121.07 Mn |
| 6 | Ultrapar Holdings | 7.82 Bn | 1.60 Bn | 912.61 Mn | 1.10 Bn |
| 7 | Cvr Energy | 5.13 Bn | 2.92 Bn | 117.00 Mn | 100.50 Mn |
| 8 | Icahn Enterprises | 4.80 Bn | -958.32 Mn | - | 669.00 Mn |
| 9 | Delek US Holdings | 4.37 Bn | 2.10 Bn | 365.10 Mn | 62.49 Mn |
| 10 | Par Pacific Holdings | 4.09 Bn | 3.45 Bn | 852.68 Mn | 49.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 290.00 Mn |
| Mar 31, 2026 | 295.00 Mn |
| Dec 31, 2025 | 306.00 Mn |
| Sep 30, 2025 | 304.00 Mn |
| Jun 30, 2025 | 307.00 Mn |
| Mar 31, 2025 | 313.00 Mn |
| Dec 31, 2024 | 341.00 Mn |
| Sep 30, 2024 | 332.00 Mn |
| Jun 30, 2024 | 350.00 Mn |
| Mar 31, 2024 | 362.00 Mn |
| Dec 31, 2023 | 409.00 Mn |
| Sep 30, 2023 | 396.00 Mn |
| Jun 30, 2023 | 419.00 Mn |
| Mar 31, 2023 | 447.00 Mn |
| Dec 31, 2022 | 516.00 Mn |
| Sep 30, 2022 | 494.00 Mn |
| Jun 30, 2022 | 536.00 Mn |
| Mar 31, 2022 | 568.00 Mn |
| Dec 31, 2021 | 638.00 Mn |
| Sep 30, 2021 | 637.00 Mn |
API Access
Marathon Petroleum Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=MPC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "MPC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=MPC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();