Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Marathon Petroleum Corporation (MPC) Halal?

PASS

Marathon Petroleum Corporation · NYSE: MPC · Energy

The short answer

Yes — Marathon Petroleum (MPC) passes this Shariah stock screen. The Findlay, Ohio company is a leading integrated downstream and midstream energy business: Refining & Marketing (about 3.0 million barrels per day of crude refining capacity across the Gulf Coast, Mid-Continent and West Coast — one of the largest U.S. refining systems), Midstream (pipelines, terminals, logistics, principally via the sponsored MLP MPLX), and Renewable Diesel — all energy activity, with no haram business segments disclosed in its FY2025 filings. Its Speedway retail business was sold to 7-Eleven in May 2021, so no company-owned retail remains. The financial ratios pass: total consolidated debt of $32.82B at June 30, 2026 (Q2 2026 10-Q) is 30.01% of its ~$109.4B market cap (October 2026, Finnhub), below the ~33% ceiling — though tight — and FY2025 interest income of $159M is 0.12% of revenue ($135,222M), below the 5% ceiling. Caveat: both Zoya and Musaffa currently classify MPC as non-compliant/not halal — likely a measurement-date effect, since the debt ratio was above 33% against the lower pre-rally market cap before the 2026 share-price surge — so interpretations differ. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Marathon Petroleum Corporation (NYSE: MPC), incorporated in Delaware in 2009 and spun off from Marathon Oil Corporation in 2011, headquartered in Findlay, Ohio, is described in its FY2025 10-K (filed February 26, 2026; SEC CIK 0001510295) as a leading, integrated, downstream and midstream energy company with nearly 140 years of history in the energy business. Three reportable segments: Refining & Marketing — refines crude oil and other feedstocks at Gulf Coast, Mid-Continent and West Coast refineries (~3.0 million barrels per day of crude refining capacity), purchases refined products and ethanol for resale, and sells refined products to wholesale customers, spot buyers, Marathon®-branded independent entrepreneurs and ARCO®-branded dealers (Q2 2026 net refinery throughput 2,944 mbpd at 94% crude utilization; refined product sales 3,842 mbpd); Midstream — gathers, transports, stores and distributes crude oil, refined products, natural gas and NGLs via refining logistics assets, pipelines, terminals, towboats and barges, principally reflecting MPLX, the sponsored MLP in which MPC owns the general partner and about 64% of common units at December 31, 2025; Renewable Diesel — processes renewable feedstocks into renewable diesel. On May 14, 2021, MPC completed the sale of Speedway, LLC, its company-owned retail transportation fuel and convenience-store business, to 7-Eleven for $21.38B cash — no retail segment remains. FY2025 sales and other operating revenues of $132,699M (total revenues and other income $135,222M) are all energy activity. Business-screen implication (factual): refining, wholesale fuel marketing, midstream transportation and renewable diesel are energy activity; the filings disclose no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue — no haram segments. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per MPC's Q2 2026 results (announced August 4, 2026; SEC CIK 0001510295), total consolidated debt was $32.82B at June 30, 2026, against cash and cash equivalents of $7.77B — consistent with the FY2025 10-K balance sheet at December 31, 2025 (debt due within one year $2,371M + long-term debt $30,505M = $32,876M). Against a market cap of about $109.4B (Finnhub, October 2026), debt ÷ market cap is 30.01% — below the ~33% ceiling, though tight: the ratio is sensitive to the share price, and it sat above 33% against the lower market cap before the 2026 rally. Cash and cash equivalents of $7.77B are about 7.10% of market cap, also below 33%. The debt gate passes. Facts only.

Gate 3 — Non-compliant income: PASS

MPC's FY2025 10-K (filed February 26, 2026; SEC CIK 0001510295), Note 11 "Net Interest and Other Financial Costs," reports interest income of $159M against FY2025 total revenues and other income of $135,222M — about 0.12% of revenue, below the 5% non-compliant income ceiling. Interest expense was $1,489M for the year (net interest and other financial costs $1,276M). This is the broadest verifiable interest income line from primary filings, and Zoya's own MPC page cites the same $159M figure and computes 0.12% against its $132,699M revenue total. The income gate passes. Facts only.

Key figures used

Frequently asked questions

What does Marathon Petroleum do?

Marathon Petroleum Corporation (NYSE: MPC), incorporated in Delaware in 2009 and spun off from Marathon Oil Corporation in 2011, is headquartered in Findlay, Ohio and describes itself in its FY2025 10-K (filed February 26, 2026; SEC CIK 0001510295) as a leading integrated downstream and midstream energy company. It reports three segments: Refining & Marketing — refining crude oil and other feedstocks at Gulf Coast, Mid-Continent and West Coast refineries (about 3.0 million barrels per day of crude refining capacity, one of the largest U.S. refining systems), buying refined products and ethanol for resale, and selling refined products to wholesale customers, spot buyers, Marathon®-branded independent entrepreneurs and ARCO®-branded dealers; Midstream — gathering, transporting, storing and distributing crude oil, refined products, natural gas and NGLs, principally reflecting MPLX (the sponsored MLP, in which MPC owns the general partner and about 64% of common units at December 31, 2025); and Renewable Diesel — processing renewable feedstocks into renewable diesel. MPC sold its company-owned Speedway retail/convenience-store business to 7-Eleven on May 14, 2021, so no retail segment remains. FY2025 sales and other operating revenues were $132,699M (total revenues and other income $135,222M) — all energy activity, with no haram segments disclosed.

Why does MPC pass this Shariah stock screen?

MPC passes this Shariah stock screen at all three gates, though the debt gate is tight. Gate 1 (business activities): crude-oil refining, wholesale refined-product marketing, midstream transportation and renewable diesel are energy activity — the FY2025 filings disclose no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue. Gate 2 (debt): total consolidated debt of $32.82B at June 30, 2026 (Q2 2026 10-Q) ÷ a market cap of about $109.4B (Finnhub, October 2026) is 30.01%, under the ~33% ceiling. Gate 3 (interest income): FY2025 interest income of $159M is 0.12% of $135,222M revenue, under the 5% ceiling. Caveat: both Zoya and Musaffa currently classify MPC as non-compliant/not halal (likely a measurement-date effect — the debt ratio sat above 33% against the lower pre-rally market cap before the 2026 share-price surge), so interpretations differ. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is MPC's interest-bearing debt ratio?

Per MPC's Q2 2026 results (announced August 4, 2026; SEC CIK 0001510295), total consolidated debt was $32.82B at June 30, 2026, against cash and cash equivalents of $7.77B. That matches the FY2025 10-K balance sheet at December 31, 2025: debt due within one year $2,371M plus long-term debt $30,505M = $32,876M. Against a market cap of about $109.4B (Finnhub, October 2026), debt ÷ market cap is 30.01% — below the ~33% ceiling, though tight. Cash and cash equivalents of $7.77B are about 7.10% of market cap, also below 33%. The debt gate passes.

What is MPC's non-compliant income ratio?

MPC's FY2025 10-K (filed February 26, 2026; SEC CIK 0001510295), Note 11 'Net Interest and Other Financial Costs,' reports interest income of $159M against FY2025 total revenues and other income of $135,222M — about 0.12% of revenue, below the 5% non-compliant income ceiling. Interest expense was $1,489M for the year (net interest and other financial costs $1,276M). This is the broadest verifiable interest income line from primary filings, and Zoya's own MPC page cites the same $159M figure (computing 0.12% against its $132,699M revenue total). The income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover MPC?

Zoya covers MPC (zoya.finance/stocks/mpc) but flags it as not Shariah-compliant: its public FAQ text is partly contradictory auto-generated template text (one variant even renders 'not Shariah-compliant and therefore considered halal'), with the consistent reading being a non-compliant flag — reported as found, not invented. Zoya cites the same FY2025 figures: revenue $132,699M and interest income $159M (0.12%). Musaffa covers MPC (musaffa.com/stock/MPC/) and, as of August 2026, classifies it as not halal under its screening methodology. ShariaPortfolio: no MPC entry found. The likely driver of the third-party flags is the debt ratio, which sat above 33% against the lower pre-rally market cap before the 2026 share-price surge (MPC is up over 150% year-to-date). This page applies the screen directly from MPC's own filings at current market data.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).