Marathon Petroleum Corp
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 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 (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenues and other income: | ||||
| Sales and other operating revenues | $37,914 | $36,343 | $70,620 | $71,207 |
| Income from equity method investments | 373 | 199 | 577 | 332 |
| Net gain (loss) on disposal of assets | (1) | 13 | 19 | 16 |
| Other income | 76 | 269 | 357 | 346 |
| Total revenues and other income | 38,362 | 36,824 | 71,573 | 71,901 |
| Costs and expenses: | ||||
| Cost of revenues (excludes items below) | 33,945 | 31,762 | 63,538 | 61,056 |
| Depreciation and amortization | 838 | 834 | 1,665 | 1,634 |
| Selling, general and administrative expenses | 823 | 704 | 1,602 | 1,395 |
| Other taxes | 234 | 219 | 462 | 450 |
| Total costs and expenses | 35,840 | 33,519 | 67,267 | 64,535 |
| Income from operations | 2,522 | 3,305 | 4,306 | 7,366 |
| Net interest and other financial costs | 194 | 142 | 373 | 296 |
| Income before income taxes | 2,328 | 3,163 | 3,933 | 7,070 |
| Provision for income taxes | 373 | 583 | 666 | 1,406 |
| Net income | 1,955 | 2,580 | 3,267 | 5,664 |
| Less net income attributable to: | ||||
| Redeemable noncontrolling interest | 5 | 23 | 15 | 46 |
| Noncontrolling interests | 435 | 331 | 800 | 668 |
| Net income attributable to MPC | $1,515 | $2,226 | $2,452 | $4,950 |
| Per share data (See Note 7) | ||||
| Basic: | ||||
| Net income attributable to MPC per share | $4.34 | $5.34 | $6.90 | $11.49 |
| Weighted average shares outstanding | 349 | 417 | 355 | 430 |
| Diluted: | ||||
| Net income attributable to MPC per share | $4.33 | $5.32 | $6.88 | $11.44 |
| Weighted average shares outstanding | 350 | 419 | 356 | 432 |
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