Marathon Petroleum Corp
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
MPC$389.88+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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12. Inventories
- Inventories
| (Millions of dollars) | September 30,2024 | December 31,2023 |
|---|---|---|
| Crude oil | $3,449 | $3,211 |
| Refined products | 5,240 | 4,940 |
| Materials and supplies | 1,197 | 1,166 |
| Total | $9,886 | $9,317 |
Inventories are carried at the lower of cost or market value. Costs of crude oil and refined products are aggregated on a consolidated basis for purposes of assessing whether the LIFO cost basis of these inventories may have to be written down to market values.
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