CEO Total Pay
$24.1M
FY2023 Summary Compensation
MPC
FY2023 data Public-data reference. official source
Marathon Petroleum Corp
Data updated July 2026
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
A component-level pay breakdown (salary, bonus, equity, perks, pension) is not reported in Marathon Petroleum Corp's structured SEC pay-ratio disclosure. Only the CEO-to-median-worker ratio is required under Dodd-Frank §953(b); see our methodology for what each filing does and doesn't disclose.
Marathon Petroleum Corp, a petroleum refining company, reported a CEO-to-worker pay ratio of 137:1 in FY2023. The CEO received total compensation of $24.1M, while the median employee earned $176,205 annually. This is above the Petroleum Refining industry median of 74:1 across 5 companies. Data sourced from SEC EDGAR proxy (DEF 14A) filings.
CEO Compensation Breakdown, FY2023
A component-level pay breakdown is not reported in Marathon Petroleum Corp's structured SEC pay-ratio disclosure. See our methodology →
Industry Comparison - Petroleum Refining
This Company's Ratio
137:1
Industry Median Ratio
74:1
Industry Median CEO Pay
$6.2M
This CEO's Pay
$24.1M
Companies in Industry
5
vs. Industry Median
Above
Understanding This Pay Ratio
Marathon Petroleum Corp's CEO-to-worker pay ratio of 137:1 means that the CEO 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.
Why cross-company pay-ratio comparisons need caution
SEC rules let each company choose its own methodology for identifying the "median employee" (measurement date, statistical sampling, whether part-time pay is annualized, and a de minimis exemption for up to 5% of non-U.S. employees), so a higher ratio doesn't automatically mean less-fair pay practices, it can also reflect workforce mix (a large offshore, outsourced, or part-time-heavy workforce lowers the reported median and raises the ratio for reasons unrelated to CEO compensation itself).
Pay Ratio
137:1
Near industry median
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 the CEO's total compensation at $24.1M. The proxy statement's structured pay-ratio disclosure reports this total but does not break it down by salary, bonus, equity, or other components. 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.
Marathon Petroleum Corp operates in the Petroleum Refining sector and is headquartered in DE. Across the Petroleum Refining industry (SIC 29), 5 SEC-reporting companies disclosed pay ratios in FY2025, with a median of 74:1 and an average of 110:1. Median industry CEO pay was $6.2M, so Marathon Petroleum Corp's $24.1M sits above that typical figure.
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.
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.
Key Data, FY2023
- CEO
- Not disclosed
- Total Compensation
- $24.1M
- 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
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. The CEO earned $24.1M in FY2023, while the median employee earned $176,205.
How much does Marathon Petroleum Corp's CEO earn? ▼
The 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 74:1. The industry has 5 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 the CEO's total compensation? ▼
PlainCEOPay reports the CEO total-compensation figure disclosed with the company's pay-ratio filing. The current dataset does not extract its underlying Summary Compensation Table line items, so this page does not provide a salary, bonus, equity, or other-component breakdown.
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 the CEO earned in a single year ($24.1M in FY2023).
Read our methodology - how this data is sourced, computed, and verified.
Related
Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainCEOPay
Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed July 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.
Every figure on PlainCEOPay is rendered directly from SEC EDGAR executive compensation filings, no number is typed in by an editor. Executive pay figures are computed directly from SEC EDGAR filings, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.