Filing Flows › Comparisons › MPC vs BP
Marathon Petroleum vs BP: MPC and BP compared
Marathon Petroleum is the larger company: $56.0B of revenue in its latest quarter (Q3 2026) against $47.7B for BP (Q2 2025). Marathon Petroleum is growing faster (+61% against -1% a year earlier). Marathon Petroleum is more profitable, with an operating margin of 18.7% against 8.5%.
Where the money goes: MPC and BP
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) · Q2 2025
BP, Q2 2025: revenue $47.7B (-1% year over year), operating margin 8.5%, net earnings $1.6B, operating cash flow $6.3B. The chart follows the revenue to costs, profit and cash.
| Marathon Petroleum (MPC) | BP (BP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2025 |
| Revenue | $56.0B | $47.7B |
| Revenue growth, Y/Y | +61% | -1% |
| Operating margin | 18.7% | 8.5% |
| Net earnings | $7.4B | $1.6B |
| Net margin | 13.3% | 3.4% |
| Operating cash flow | $10.7B | $6.3B |
| Free cash flow | $9.6B | — |
| Market value | $105.7B | $114.7B |
| P/E | 7.4× | 88.6× |
| Analysts’ mean target | $466.94 | $55.31 |
Where the revenue comes from
Marathon Petroleum
- Refining & Marketing: $53.1B (95%)
- Midstream: $1.6B (3%)
- Renewable Diesel: $1.4B (2%)
Questions
Which is bigger, Marathon Petroleum or BP?
Marathon Petroleum is the larger company: $56.0B of revenue in its latest quarter (Q3 2026) against $47.7B for BP (Q2 2025).
Is Marathon Petroleum or BP growing faster?
Marathon Petroleum is growing faster (+61% against -1% a year earlier).
Which is more profitable, Marathon Petroleum or BP?
Marathon Petroleum is more profitable, with an operating margin of 18.7% against 8.5%.
More: Marathon Petroleum earnings · how Marathon Petroleum makes money · BP earnings · how BP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 6-K filed Aug 5, 2025). Fiscal quarters can end on different dates. Not investment advice.