CEO Total Pay
$24.1M
FY2023 Summary Compensation
MPC
2026 data Public-data reference. official source
Marathon Petroleum Corp
Open-data reference.
Petroleum Refining · DE · FY2023
CEO-to-Worker Pay Ratio
137:1
Moderate (Scale: 0–1000:1)
CEO Pay
$24.1M
Median Worker
$176,205
Compensation Pillar
CEO compensation breakdown — pay ratio 137× median worker (Dodd-Frank §953(b) disclosure)
Marathon Petroleum Corp, a petroleum refining company, reported a CEO-to-worker pay ratio of 137:1 in FY2023. CEO received total compensation of $24.1M, while the median employee earned $176,205 annually. This is above the Petroleum Refining industry median of 105:1 across 9 companies. Data sourced from SEC EDGAR proxy (DEF 14A) filings.
CEO Compensation Breakdown — FY2023
Detailed breakdown not available.
| Component | Amount (USD) |
|---|---|
| Base Salary | — |
| Bonus | — |
| Stock Awards | — |
| Option Awards | — |
| Non-Equity Incentive Plan | — |
| Pension Value Change | — |
| Other Compensation | — |
| Total Compensation | $24.1M |
Source: SEC EDGAR Form DEF 14A — CIK 1510295, FY2023 Summary Compensation Table.
Industry Comparison — Petroleum Refining
This Company's Ratio
137:1
Industry Median Ratio
105:1
Industry Median CEO Pay
$4.6M
This CEO's Pay
$24.1M
Companies in Industry
9
vs. Industry Median
Above
Understanding This Pay Ratio
Marathon Petroleum Corp's CEO-to-worker pay ratio of 137:1 means that earned 137 times more than the company's median employee in FY2023.
The median employee at Marathon Petroleum Corp earned $176,205 annually. At that wage, it would take a median employee approximately 137 years to earn what the CEO earned in a single year.
Pay Ratio
137:1
Near industry median
Disclosure Transparency
1.0/5
Limited pay component reporting
Pay-Versus-Performance Disclosure
Under 17 CFR §229.402(v) (the Pay-Versus-Performance rule effective for fiscal years ending after December 16, 2022), issuers must reconcile Compensation Actually Paid (CAP) to Total Shareholder Return (TSR) over a multi-year window. The chart below visualizes the relationship between Marathon Petroleum Corp's reported CAP and TSR for FY2023.
Pay vs Performance — FY2023 (Dodd-Frank §953(a) PvP disclosure)
Pay Composition
Equity-based pay (stock + options) 0.0%
Performance-linked (incentive + bonus) 0.0%
Fixed compensation (base salary) 0.0%
ISS QualityScore and Glass-Lewis voting guidelines weight performance-linked share of pay. The CII (Council of Institutional Investors) recommends ≥50% of CEO pay be tied to multi-year performance metrics.
What This 2023 Filing Tells Us About Marathon Petroleum Corp
According to the 2023 DEF 14A proxy statement filed with the SEC, Marathon Petroleum Corp (MPC, CIK 1510295) reported CEO 's total compensation at $24.1M. That figure is an aggregate of base salary (N/A). The median employee at the firm — the reference point mandated by Section 953(b) of the Dodd-Frank Act — earned $176,205 over the same fiscal year, producing the headline CEO-to-worker pay ratio of 137:1 that this page tracks.
Context matters when reading this ratio. Marathon Petroleum Corp operates in the Petroleum Refining sector and is headquartered in DE. Across the Petroleum Refining industry (SIC 29), 9 SEC-reporting companies disclosed pay ratios in FY2023, with a median of 105:1 and an average of 95:1. Median industry CEO pay was $4.6M, so Marathon Petroleum Corp's $24.1M sits above that typical figure. That comparison is the fastest way to separate "the CEO is paid like peers" from "this company is an outlier."
Finally, a note on what these SEC numbers do and do not include. Total compensation reported under Item 402 of Regulation S-K reflects grant-date fair value for equity awards, not realized pay, so a CEO may eventually cash in more — or less — depending on stock performance and vesting. The pay ratio itself is calculated against a single median employee chosen under rules that allow statistical sampling, and companies may update methodology year to year. This proxy was filed on 2024-03-14; all figures on this page come directly from that public filing and can be verified against the DEF 14A on the SEC EDGAR system.
Key Data — FY2023
- CEO
- Total Compensation
- $24.1M
- Base Salary
- N/A
- Median Employee Pay
- $176,205
- Pay Ratio
- 137:1
- Filing Date
- 2024-03-14
Company Info
- Ticker
- MPC
- CIK
- 1510295
- Industry
- Petroleum Refining
- SIC Code
- 2911
- State
- DE
Guides
Explore More
Data Source: This data is sourced from SEC EDGAR proxy statement (DEF 14A) filings. PlainCEOPay provides this publicly available information for informational purposes only. Not investment or financial advice. Verify with official SEC filings at sec.gov.
Frequently Asked Questions
What is the CEO pay ratio at Marathon Petroleum Corp? ▼
Marathon Petroleum Corp's CEO-to-worker pay ratio is 137:1. CEO null earned $24.1M in FY2023, while the median employee earned $176,205.
How much does Marathon Petroleum Corp's CEO earn? ▼
null, CEO of Marathon Petroleum Corp (MPC), earned total compensation of $24.1M in fiscal year 2023, according to SEC proxy filings.
How does Marathon Petroleum Corp's pay ratio compare to its industry? ▼
Marathon Petroleum Corp's pay ratio of 137:1 is above the Petroleum Refining industry median of 105:1. The industry has 9 companies reporting pay ratios.
Where does Marathon Petroleum Corp's CEO pay data come from? ▼
All executive compensation data is sourced from SEC EDGAR DEF 14A proxy statement filings. Companies are required by the Dodd-Frank Act to disclose CEO-to-median-worker pay ratios annually. PlainCEOPay aggregates this publicly available data for easy comparison.
What is included in null's total compensation? ▼
Total compensation of $24.1M includes base salary, stock awards, option awards, non-equity incentive plan compensation, pension value changes, and other compensation as reported in the proxy filing summary compensation table.
How long would it take a median Marathon Petroleum Corp employee to earn the CEO's pay? ▼
At a median salary of $176,205, it would take the typical Marathon Petroleum Corp employee approximately 137 years to earn what CEO null earned in a single year ($24.1M in FY2023).
Read our methodology — how this data is sourced, computed, and verified.
All federal data sources used on this page
- U.S. Census Bureau ACS — demographic + housing + income data. census.gov/programs-surveys/acs
- BLS Occupational Employment and Wage Statistics (OEWS) — wage + employment by occupation. bls.gov/oes
- BEA Regional Economic Accounts — GDP + personal income by state/metro. bea.gov/data/regional
- U.S. Census Bureau County Business Patterns — establishment + employment by industry. census.gov/cbp
- IRS Statistics of Income (SOI) — tax-return aggregate data. irs.gov/statistics
- data.gov — U.S. federal open-data portal — discovery layer for additional federal sources. data.gov
Related
Data sourced from $official public datasets. See our methodology for details. Retrieved and formatted by PlainCEOPay Editorial
