Marathon Petroleum Corp
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
MPC$389.55-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| (In millions, except per share data) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenues and other income: | |||
| Sales and other operating revenues | $148,379 | $177,453 | $119,983 |
| Income from equity method investments | 742 | 655 | 458 |
| Net gain on disposal of assets | 217 | 1,061 | 21 |
| Other income | 969 | 783 | 468 |
| Total revenues and other income | 150,307 | 179,952 | 120,930 |
| Costs and expenses: | |||
| Cost of revenues (excludes items below) | 128,566 | 151,671 | 110,008 |
| Depreciation and amortization | 3,307 | 3,215 | 3,364 |
| Selling, general and administrative expenses | 3,039 | 2,772 | 2,537 |
| Other taxes | 881 | 825 | 721 |
| Total costs and expenses | 135,793 | 158,483 | 116,630 |
| Income from continuing operations | 14,514 | 21,469 | 4,300 |
| Net interest and other financial costs | 525 | 1,000 | 1,483 |
| Income from continuing operations before income taxes | 13,989 | 20,469 | 2,817 |
| Provision for income taxes on continuing operations | 2,817 | 4,491 | 264 |
| Income from continuing operations, net of tax | 11,172 | 15,978 | 2,553 |
| Income from discontinued operations, net of tax | — | 72 | 8,448 |
| Net income | 11,172 | 16,050 | 11,001 |
| Less net income attributable to: | |||
| Redeemable noncontrolling interest | 94 | 88 | 100 |
| Noncontrolling interests | 1,397 | 1,446 | 1,163 |
| Net income attributable to MPC | $9,681 | $14,516 | $9,738 |
| Per share data (See Note 9) | |||
| Basic: | |||
| Continuing operations | $23.73 | $28.17 | $2.03 |
| Discontinued operations | — | 0.14 | 13.31 |
| Net income per share | $23.73 | $28.31 | $15.34 |
| Weighted average shares outstanding | 407 | 512 | 634 |
| Diluted: | |||
| Continuing operations | $23.63 | $27.98 | $2.02 |
| Discontinued operations | — | 0.14 | 13.22 |
| Net income per share | $23.63 | $28.12 | $15.24 |
| Weighted average shares outstanding | 409 | 516 | 638 |
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