Michael J.  Hennigan net worth and biography

Michael Hennigan Biography and Net Worth

Mr. Hennigan is president and chief executive officer of Marathon Petroleum Corporation. He is also chairman of the board and president and chief executive officer of MPLX GP LLC.

Prior to joining MPLX GP LLC in 2017, Mr. Hennigan was president, crude, NGL and refined products of the general partner of Energy Transfer Partners L.P.  Prior to that, he served as president and chief executive officer of Sunoco Logistics Partners L.P. He was responsible for all operations and business activities, including setting the direction, strategy and vision for the company.

Mr. Hennigan began his career with Sunoco, Inc. in 1981 at the Marcus Hook refinery, working in various engineering and operations positions before joining the business planning department in 1990. In 1992, he transferred to the Philadelphia refinery before joining the corporate business planning group in 1993. There, he worked on various strategies for northeast refining before returning to Marcus Hook as business manager in 1996. In 1998, he returned to Sunoco’s corporate office as manager, financial analysis and strategic planning. In 2000, he was named general manager, northeast refining wholesale fuels marketing and product supply and in 2001 was appointed vice president, product trading, sales and supply. In 2006, Mr. Hennigan was appointed senior vice president, supply, trading, sales and transportation and senior vice president, business improvement in 2008. Mr. Hennigan joined Sunoco Logistics as vice president, business development in 2009. He was named president and chief operating officer in 2010 and was appointed president and chief executive officer in 2012. In 2017, Mr. Hennigan was named president of MPLX GP LLC and in November 2019 was named president and chief executive officer. He assumed his current position on March 17, 2020.

Mr. Hennigan holds a Bachelor of Science degree in chemical engineering from Drexel University.

Mr. Hennigan serves on the boards of directors of Marathon Petroleum Corporation, MPLX GP LLC and Nutrien Ltd.

What is Michael J. Hennigan's net worth?

The estimated net worth of Michael J. Hennigan is at least $40.19 million as of November 14th, 2022. Mr. Hennigan owns 296,826 shares of Marathon Petroleum stock worth more than $40,193,209 as of December 30th. This net worth evaluation does not reflect any other assets that Mr. Hennigan may own. Additionally, Mr. Hennigan receives an annual salary of $7,110,000.00 as CEO at Marathon Petroleum. Learn More about Michael J. Hennigan's net worth.

How old is Michael J. Hennigan?

Mr. Hennigan is currently 65 years old. There are 9 older executives and no younger executives at Marathon Petroleum. Learn More on Michael J. Hennigan's age.

What is Michael J. Hennigan's salary?

As the CEO of Marathon Petroleum Co., Mr. Hennigan earns $7,110,000.00 per year. Learn More on Michael J. Hennigan's salary.

How do I contact Michael J. Hennigan?

The corporate mailing address for Mr. Hennigan and other Marathon Petroleum executives is 539 SOUTH MAIN STREET, FINDLAY OH, 45840. Marathon Petroleum can also be reached via phone at (419) 422-2121 and via email at [email protected]. Learn More on Michael J. Hennigan's contact information.

Has Michael J. Hennigan been buying or selling shares of Marathon Petroleum?

Michael J. Hennigan has not been actively trading shares of Marathon Petroleum during the last ninety days. Most recently, Michael J. Hennigan sold 80,149 shares of the business's stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $118.73, for a transaction totalling $9,516,090.77. Following the completion of the sale, the chief executive officer now directly owns 248,596 shares of the company's stock, valued at $29,515,803.08. Learn More on Michael J. Hennigan's trading history.

Who are Marathon Petroleum's active insiders?

Marathon Petroleum's insider roster includes Timothy Aydt (VP), Raymond Brooks (VP), Charles Bunch (Director), Jeffrey Campbell (Director), Carl Hagedorn (VP), Michael Hennigan (Pres), Michael Hennigan (CEO), Shawn Lyon (SVP), Maryann Mannen (Exec. VP & CFO ), and Kim Rucker (Director). Learn More on Marathon Petroleum's active insiders.

Are insiders buying or selling shares of Marathon Petroleum?

In the last twelve months, Marathon Petroleum insiders bought shares 1 times. They purchased a total of 6,000 shares worth more than $897,660.00. In the last twelve months, insiders at the oil and gas company sold shares 1 times. They sold a total of 1,000 shares worth more than $170,350.00. The most recent insider tranaction occured on December, 4th when Director Jeffrey C Campbell bought 6,000 shares worth more than $897,660.00. Insiders at Marathon Petroleum own 0.2% of the company. Learn More about insider trades at Marathon Petroleum.

Information on this page was last updated on 12/4/2024.

Michael J. Hennigan Insider Trading History at Marathon Petroleum

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/16/2022Sell80,149$118.73$9,516,090.77248,596View SEC Filing Icon  
11/14/2022Sell100,000$121.75$12,175,000.00296,826View SEC Filing Icon  
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Michael J. Hennigan Buying and Selling Activity at Marathon Petroleum

This chart shows Michael J Hennigan's buying and selling at Marathon Petroleum by year and by quarter.

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Marathon Petroleum Company Overview

Marathon Petroleum logo
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
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Today's Range

Now: $136.59
Low: $134.52
High: $137.16

50 Day Range

MA: $149.76
Low: $131.65
High: $159.98

2 Week Range

Now: $136.59
Low: $130.54
High: $221.11

Volume

832,545 shs

Average Volume

2,654,642 shs

Market Capitalization

$43.90 billion

P/E Ratio

10.82

Dividend Yield

2.69%

Beta

1.39