Marathon Petroleum Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues and other income: | |||
| Sales and other operating revenues | $138,864 | $148,379 | $177,453 |
| Income from equity method investments | 1,048 | 742 | 655 |
| Net gain on disposal of assets | 28 | 217 | 1,061 |
| Other income | 472 | 969 | 783 |
| Total revenues and other income | 140,412 | 150,307 | 179,952 |
| Costs and expenses: | |||
| Cost of revenues (excludes items below) | 126,240 | 128,566 | 151,671 |
| Depreciation and amortization | 3,337 | 3,307 | 3,215 |
| Selling, general and administrative expenses | 3,221 | 3,039 | 2,772 |
| Other taxes | 818 | 881 | 825 |
| Total costs and expenses | 133,616 | 135,793 | 158,483 |
| Income from continuing operations | 6,796 | 14,514 | 21,469 |
| Net interest and other financial costs | 839 | 525 | 1,000 |
| Income from continuing operations before income taxes | 5,957 | 13,989 | 20,469 |
| Provision for income taxes on continuing operations | 890 | 2,817 | 4,491 |
| Income from continuing operations, net of tax | 5,067 | 11,172 | 15,978 |
| Income from discontinued operations, net of tax | — | — | 72 |
| Net income | 5,067 | 11,172 | 16,050 |
| Less net income attributable to: | |||
| Redeemable noncontrolling interest | 27 | 94 | 88 |
| Noncontrolling interests | 1,595 | 1,397 | 1,446 |
| Net income attributable to MPC | $3,445 | $9,681 | $14,516 |
| Per share data (See Note 8) | |||
| Basic: | |||
| Continuing operations | $10.11 | $23.73 | $28.17 |
| Discontinued operations | — | — | 0.14 |
| Net income per share | $10.11 | $23.73 | $28.31 |
| Weighted average shares outstanding | 340 | 407 | 512 |
| Diluted: | |||
| Continuing operations | $10.08 | $23.63 | $27.98 |
| Discontinued operations | — | — | 0.14 |
| Net income per share | $10.08 | $23.63 | $28.12 |
| Weighted average shares outstanding | 341 | 409 | 516 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.