Marathon Petroleum vs Phillips 66 (MPC vs PSX)
Marathon Petroleum (MPC) vs Phillips 66 (PSX) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Marathon Petroleum (MPC) and Phillips 66 (PSX) compete in oil and gas. Here are Marathon Petroleum and Phillips 66 side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Marathon Petroleum or Phillips 66.
Marathon Petroleum vs Phillips 66: the figures
| Figure | Marathon Petroleum | Phillips 66 |
|---|---|---|
| Share price | $392.68 (November 4, 2026) | $259.63 (November 4, 2026) |
| Market cap | $106.9 billion | $101.3 billion |
| P/E (TTM) | 7.8x | 8.3x |
| Forward P/E | 6.3x | 8.3x |
| Revenue growth (quarter) | +62.0% | +46.4% |
| Net margin (TTM) | 8.4% | 7.5% |
| Net debt / EBITDA | N/A | 0.8x |
| Dividend yield | 1.03% | 1.96% |
| Beta | N/A | 0.67 |
Marathon Petroleum and Phillips 66 figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Marathon Petroleum or Phillips 66 figure is not available, and we never estimate it.
3 key differences between Marathon Petroleum and Phillips 66
- Growth: Marathon Petroleum grew sales +62.0% year on year in its latest quarter, against +46.4% for Phillips 66.
- Dividend: Phillips 66 yields 1.96% at today's price and Marathon Petroleum yields 1.03%.
- Valuation: Phillips 66 trades at 8.3x its annual earnings and Marathon Petroleum at 7.8x; the market pays more for each dollar of Phillips 66 profit, usually because it expects more growth.
Marathon Petroleum or Phillips 66: which fits your profile
- If you want growth: Marathon Petroleum is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Phillips 66 pays the higher dividend relative to its price.
- If price is what matters most to you: Marathon Petroleum trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Marathon Petroleum nor Phillips 66 wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Marathon Petroleum and Phillips 66 make money
Marathon Petroleum (MPC)
Marathon Petroleum is a U.S. refiner with two segments. Refining and Marketing, the main revenue driver, turns crude into gasoline, diesel and jet fuel sold to wholesalers and Marathon-branded stations, while Midstream owns pipelines and gas processing plants through its MPLX partnership. Full Marathon Petroleum analysis.
Phillips 66 (PSX)
This U.S. refiner, owner of the Conoco gas station brand, reports Midstream, with pipelines and natural gas liquids processing, Chemicals through its stake in Chevron Phillips Chemical, Refining, which turns crude into gasoline and diesel, Marketing and Specialties, and Renewable Fuels. It operates in the United States and Europe. Full Phillips 66 analysis.
Frequently asked questions: Marathon Petroleum vs Phillips 66
Is Marathon Petroleum or Phillips 66 the better stock?
Choosing between Marathon Petroleum and Phillips 66 depends on what you are looking for. Marathon Petroleum is growing faster right now, and Marathon Petroleum trades on the lower P/E. Fintols does not tell you whether to buy Marathon Petroleum or Phillips 66: it shows you the differences so you can decide.
Which pays a higher dividend, Marathon Petroleum or Phillips 66?
As of November 4, 2026, Phillips 66 yields 1.96% and Marathon Petroleum yields 1.03%. Also check how much of their profit Marathon Petroleum and Phillips 66 pay out: if it is more than they earn, it cannot last.
Which is more expensive, Marathon Petroleum or Phillips 66?
On P/E, Phillips 66 (8.3x) is more expensive than Marathon Petroleum (7.8x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Marathon Petroleum and Phillips 66?
Yes. Many people spread their money across several companies, such as Marathon Petroleum and Phillips 66, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Marathon Petroleum or Phillips 66.
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- Phillips 66 vs SLB
More companies like Marathon Petroleum and Phillips 66: oil and gas stocks. Educational content about Marathon Petroleum and Phillips 66, not investment advice.