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BP vs Marathon Petroleum: BP and MPC compared
BP is the larger company: $68.4B of revenue in its latest quarter (Q3 2026) against $56.0B for Marathon Petroleum (Q3 2026). Marathon Petroleum is growing faster (+61% against +41% a year earlier). Marathon Petroleum is more profitable, with an operating margin of 18.7% against 12.6%.
Where the money goes: BP and MPC
BP (BP) · Q3 2026
BP, Q3 2026: revenue $68.4B (+41% year over year), operating margin 12.6%, net earnings $4.7B. The chart follows the revenue to costs, profit and cash.
Marathon Petroleum (MPC) · Q3 2026
Marathon Petroleum, Q3 2026: revenue $56.0B (+61% year over year), operating margin 18.7%, net earnings $7.4B, operating cash flow $10.7B. The chart follows the revenue to costs, profit and cash.
| BP (BP) | Marathon Petroleum (MPC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $68.4B | $56.0B |
| Revenue growth, Y/Y | +41% | +61% |
| Operating margin | 12.6% | 18.7% |
| Net earnings | $4.7B | $7.4B |
| Net margin | 6.9% | 13.3% |
| Operating cash flow | — | $10.7B |
| Free cash flow | — | $9.6B |
| Market value | — | $105.7B |
| P/E | — | 7.4× |
| Analysts’ mean target | — | $466.94 |
Where the revenue comes from
BP
- Oil products: $42.4B (62%)
- Other operating revenues: $11.1B (16%)
- Natural gas, LNG and NGLs: $10.7B (16%)
- Non-oil products and other revenues from contracts with customers: $3.9B (6%)
Marathon Petroleum
- Refining & Marketing: $53.1B (95%)
- Midstream: $1.6B (3%)
- Renewable Diesel: $1.4B (2%)
Questions
Which is bigger, BP or Marathon Petroleum?
BP is the larger company: $68.4B of revenue in its latest quarter (Q3 2026) against $56.0B for Marathon Petroleum (Q3 2026).
Is BP or Marathon Petroleum growing faster?
Marathon Petroleum is growing faster (+61% against +41% a year earlier).
Which is more profitable, BP or Marathon Petroleum?
Marathon Petroleum is more profitable, with an operating margin of 18.7% against 12.6%.
More: BP earnings · how BP makes money · Marathon Petroleum earnings · how Marathon Petroleum makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 30, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.