Buyback Radar

Marathon Petroleum

MPC

Marathon Petroleum has retired 60.6% of its shares since 2009, from 712,000,000 to 280,824,763.

60.6%retired since 2009
56.0%last 5 years
7.6%last 12 months
281Mshares today
Shares outstanding, 2009 to todaysplit adjusted, from SEC filings
a quarter gone 2014half gone 2023712M shares, 2009281M2010201520202025
2009, 712,000,0002026-07-30, 280,824,763

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2009
2.5× more of Marathon Petroleum today, without buying another share. It was one of 712,000,000 shares then. It is one of 280,824,763 now.
Every filing we read17 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20092009-12-31712,000,00010-Kfiscal-year average
20102010-12-31712,000,00010-Kfiscal-year average
20112012-02-15695,228,26610-K
20122013-02-15662,867,85210-K
20132014-02-14589,128,46210-K
20142015-02-13546,125,76010-K
20152016-02-12529,227,45310-K
20162017-02-13527,782,92910-K
20172018-02-16476,059,72910-K
20182019-02-15673,619,19010-K
20192020-02-17649,503,96710-K
20202021-02-12651,274,84210-K
20212022-02-15565,212,95810-K
20222023-02-16445,546,90710-K
20232024-02-23361,358,73210-K
20242025-02-21312,575,83310-K
20252026-02-20294,740,16410-K

Source: all 10-K filings of Marathon Petroleum on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2011cash flow statement against share count
$55.9Bspent on buybacks
431Mfewer shares outstanding
$130spent per share that actually disappeared
$1.4Bpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Marathon Petroleum in depth on Cannibal Stocks.

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