Marathon Petroleum Corporation (MPC) — Financial statements
Income statement, balance sheet, and cash flow for Marathon Petroleum Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 132,699↓4.4% | 138,864↓6.4% | 148,379↓16.4% | 177,453↑47.9% | 119,983 | |
| Cost of Revenue | 122,697↓5.3% | 129,577↓1.7% | 131,873↓14.9% | 154,886↑36.6% | 113,372 | |
| Gross Profit | 10,002↑7.7% | 9,287↓43.7% | 16,506↓26.9% | 22,567↑241.4% | 6,611 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 3,349↑4.0% | 3,221↑6.0% | 3,039↑9.6% | 2,772↑9.3% | 2,537 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,349↑4.0% | 3,221↑6.0% | 3,039↑9.6% | 2,772↑9.3% | 2,537 | |
| Other Expenses | 885↑8.2% | 818↓7.2% | 881↑6.8% | 825↑465.0% | -226 | |
| Operating Expenses | 4,234↑4.8% | 4,039↑3.0% | 3,920↑9.0% | 3,597↑55.6% | 2,311 | |
| Total Costs & Expenses | 126,931↓5.0% | 133,616↓1.6% | 135,793↓14.3% | 158,483↑37.0% | 115,683 | |
| Operating Results | ||||||
| Operating Income | 5,768↑9.9% | 5,248↓58.3% | 12,586↓33.7% | 18,970↑341.2% | 4,300 | |
| Depreciation & Amortization | 3,251↓2.6% | 3,337↑0.9% | 3,307↑2.9% | 3,215↓4.4% | 3,364 | |
| EBITDA | 11,678↑10.1% | 10,602↓42.9% | 18,561↓25.4% | 24,882↑234.1% | 7,448 | |
| EBIT | 8,427↑16.0% | 7,265↓52.4% | 15,254↓29.6% | 21,667↑430.5% | 4,084 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,253↓42.9% | -877↓45.0% | -605↑39.2% | -995↑22.6% | -1,286 | |
| Interest Income | 159↓66.0% | 467↓30.5% | 672↑204.1% | 221↑1478.6% | 14 | |
| Interest Expense | 1,412↑5.1% | 1,344↑5.2% | 1,277↑5.0% | 1,216↓6.5% | 1,300 | |
| Non-Operating Income | -2,659↓31.8% | -2,017↑24.4% | -2,668↑1.1% | -2,697↓1348.6% | 216 | |
| Other Income / Expenses | 1,247↑75.9% | 709↓49.5% | 1,403↓6.4% | 1,499↑201.1% | -1,483 | |
| Income Before Tax | 7,015↑17.8% | 5,957↓57.4% | 13,989↓31.7% | 20,469↑626.6% | 2,817 | |
| Income Tax Expense | 1,137↑27.8% | 890↓68.4% | 2,817↓37.3% | 4,491↑1601.1% | 264 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,878↑16.0% | 5,067↓54.6% | 11,172↓30.1% | 15,978↑525.9% | 2,553 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00↓100.0% | 72↓99.1% | 8,448 | |
| Net Income | 4,047↑17.5% | 3,445↓64.4% | 9,681↓33.3% | 14,516↑49.1% | 9,738 | |
| Bottom-Line Net Income | 4,043↑17.5% | 3,442↓64.4% | 9,672↓33.3% | 14,508↑49.0% | 9,736 | |
| EPS (Basic) | 13.27↑31.1% | 10.12↓57.4% | 23.76↓16.2% | 28.34↑945.8% | 2.71 | |
| EPS (Diluted) | 13.27↑31.5% | 10.09↓57.3% | 23.65↓15.9% | 28.12↑945.4% | 2.69 | |
| Weighted Average Shares | 305↓10.6% | 341↓16.2% | 407↓20.5% | 512↓19.2% | 634 | |
| Weighted Average Diluted Shares | 305↓10.6% | 341↓16.6% | 409↓20.7% | 516↓19.1% | 638 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.