Marathon Petroleum (MPC) Financials: History & Chart

Marathon Petroleum Corporation (MPC)MPCMarathon Petroleum Corporation

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) functions as a prominent integrated energy enterprise, primarily concentrating its downstream operations across the United States. Its business is bifurcated into two main divisions: Refining & Marketing, and Midstream. The Refining & Marketing segment is responsible for processing crude oil and various other raw materials at its refineries, strategically located in the U.S. Gulf Coast, Mid-Continent, and West Coast regions. This division also acquires refined petroleum products and ethanol for subsequent distribution. Key outputs from this segment encompass a diverse array of transportation fuels, including different gasoline blends, heavy fuel oil, and asphalt. Additionally, it manufactures chemicals such as aromatics, propane, propylene, and sulfur. MPC sells these refined goods through multiple channels, including wholesale marketers domestically and globally, purchasers on the open spot market, and independent entrepreneurs who manage primarily Marathon-branded retail locations. It also supplies fuel via long-term agreements to direct dealer sites, predominantly under the ARCO brand. The Midstream segment handles the comprehensive movement, storage, distribution, and commercialization of crude oil and refined products. This is achieved through its extensive network of refining logistics assets, pipelines, terminals, towboats, and barges. Moreover, this segment engages in the collection, processing, and transportation of natural gas, alongside the gathering, transport, fractionation, storage, and marketing of natural gas liquids. By December 31, 2021, the corporation supported 7,159 branded jobber retail points, managed by independent entrepreneurs, spanning 37 U.S. states, the District of Columbia, and Mexico. Marathon Petroleum Corporation, established in 1887, maintains its corporate headquarters in Findlay, Ohio.

Findlay, OH

18,500 employees

www.marathonpetroleum.com

Energy / Oil & Gas Refining & Marketing

Sector: Energy
Industry: Oil & Gas Refining & Marketing
CEO: Maryann T. Mannen

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Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	135.75B	34.57B	32.57B	34.81B	33.80B	31.52B	33.14B	35.11B	37.91B
Cost of Goods Sold	123.81B	31.26B	29.69B	32.04B	30.81B	30.15B	31.38B	32.99B	34.78B
Gross Profit	11.95B	3.31B	2.88B	2.77B	2.98B	1.36B	1.75B	2.12B	3.13B
Gross Profit Margin	8.8%	9.6%	8.9%	8.0%	8.8%	4.3%	5.3%	6.0%	8.3%
Total Operating Expenses	5.13B	1.90B	1.04B	1.09B	1.09B	1.01B	941.00M	768.00M	609.00M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	3.43B	867.00M	836.00M	863.00M	867.00M	783.00M	804.00M	815.00M	823.00M
Operating Income (EBIT)	6.82B	1.40B	1.85B	1.67B	1.90B	354.00M	812.00M	1.35B	2.52B
Operating Margin	5.0%	4.1%	5.7%	4.8%	5.6%	1.1%	2.5%	3.8%	6.7%
Income Before Tax (EBT)	7.67B	1.03B	2.35B	2.40B	1.88B	383.00M	896.00M	1.13B	2.33B
Interest Income	113.00M	N/A	41.00M	41.00M	31.00M	46.00M	69.00M	122.00M	136.00M
Interest Expense	1.43B	370.00M	378.00M	341.00M	344.00M	345.00M	322.00M	351.00M	341.00M
Other Income/Expense	848.00M	-370.00M	505.00M	730.00M	-17.00M	29.00M	84.00M	-221.00M	-194.00M
Net Income	4.63B	511.00M	1.53B	1.37B	1.22B	-74.00M	371.00M	622.00M	1.51B
Income Tax Expense	1.28B	183.00M	372.00M	460.00M	268.00M	37.00M	111.00M	113.00M	373.00M
Net Profit Margin	3.4%	1.5%	4.7%	3.9%	3.6%	-0.2%	1.1%	1.8%	4.0%
EBITDA	10.09B	2.21B	2.67B	2.51B	2.68B	1.15B	1.64B	2.19B	3.36B
EBITDA Margin	7.4%	6.4%	8.2%	7.2%	7.9%	3.6%	4.9%	6.3%	8.9%
Depreciation & Amortization	3.27B	809.00M	828.00M	841.00M	789.00M	793.00M	826.00M	846.00M	838.00M
EPS Basic	15.33	1.73	5.13	4.51	3.96	-0.24	1.16	1.88	4.34
EPS Diluted	15.33	1.73	5.13	4.51	3.96	-0.24	1.16	1.87	4.33
Shares Outstanding	295.00M	295.00M	299.00M	303.00M	309.00M	313.00M	320.00M	331.00M	349.00M
Diluted Shares Outstanding	295.00M	295.00M	299.00M	304.00M	309.00M	313.00M	321.00M	332.00M	350.00M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	132.70B	138.86B	148.38B	177.45B	119.98B	69.78B	111.15B	86.09B
Cost of Goods Sold	122.70B	129.58B	131.87B	154.89B	113.37B	69.11B	102.45B	79.22B
Gross Profit	10.00B	9.29B	16.51B	22.57B	6.61B	671.00M	8.70B	6.87B
Gross Profit Margin	7.5%	6.7%	11.1%	12.7%	5.5%	1.0%	7.8%	8.0%
Total Operating Expenses	4.23B	4.04B	3.92B	3.60B	2.31B	12.92B	4.23B	2.18B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	3.35B	3.22B	3.04B	2.77B	2.54B	2.71B	3.19B	2.28B
Operating Income (EBIT)	5.77B	5.25B	12.59B	18.97B	4.30B	-12.25B	4.46B	4.69B
Operating Margin	4.3%	3.8%	8.5%	10.7%	3.6%	-17.6%	4.0%	5.4%
Income Before Tax (EBT)	7.01B	5.96B	13.99B	20.47B	2.82B	-13.61B	3.23B	3.70B
Interest Income	159.00M	467.00M	672.00M	221.00M	14.00M	9.00M	40.00M	87.00M
Interest Expense	1.41B	1.34B	1.28B	1.22B	1.30B	1.37B	1.26B	973.00M
Other Income/Expense	1.25B	709.00M	1.40B	1.50B	-1.48B	-1.36B	-1.23B	-993.00M
Net Income	4.05B	3.44B	9.68B	14.52B	9.74B	-9.83B	2.64B	2.78B
Income Tax Expense	1.14B	890.00M	2.82B	4.49B	264.00M	-2.43B	784.00M	764.00M
Net Profit Margin	3.0%	2.5%	6.5%	8.2%	8.1%	-14.1%	2.4%	3.2%
EBITDA	9.02B	8.59B	15.89B	22.18B	7.66B	-8.87B	7.69B	6.86B
EBITDA Margin	6.8%	6.2%	10.7%	12.5%	6.4%	-12.7%	6.9%	8.0%
Depreciation & Amortization	3.25B	3.34B	3.31B	3.21B	3.36B	3.38B	3.23B	2.17B
EPS Basic	13.27	10.12	23.76	28.34	2.71	-15.14	4.00	5.36
EPS Diluted	13.27	10.09	23.65	28.12	2.69	-15.14	3.97	5.28
Shares Outstanding	305.00M	341.00M	407.00M	512.00M	634.00M	649.00M	659.00M	518.00M
Diluted Shares Outstanding	305.00M	341.00M	409.00M	516.00M	638.00M	649.00M	664.00M	526.00M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.