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10-Q Filing

MARATHON PETROLEUM CORP CIK: 1510295 Q2 2022
Filing Information
Form Type 10-Q
Accession Number 0001510295-22-000063
Period End Date 20220630
Filing Date 20220802
Fiscal Year 2022
Fiscal Period Q2
XBRL Instance mpc-20220630_htm.xml
Balance Sheet 92 line items
Line Item Tag Value Unit Period
Accounts Receivable, Allowance for Credit Loss, Current AllowanceForDoubtfulAccountsReceivableCurrent $39.00M USD Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current AllowanceForDoubtfulAccountsReceivableCurrent $40.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.08B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.29B USD Point-in-time
Short-term investments DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent $5.55B USD Point-in-time
Short-term investments DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent $4.24B USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Receivables, less allowance for doubtful accounts of $39 and $40, respectively AccountsReceivableNetCurrent $11.03B USD Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Receivables, less allowance for doubtful accounts of $39 and $40, respectively AccountsReceivableNetCurrent $17.30B USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventories InventoryNet $8.05B USD Point-in-time
Inventories InventoryNet $11.05B USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 30.00M shares Point-in-time
Other current assets OtherAssetsCurrent $741.00M USD Point-in-time
Other current assets OtherAssetsCurrent $568.00M USD Point-in-time
Total current assets AssetsCurrent $42.41B USD Point-in-time
Total current assets AssetsCurrent $30.50B USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 989.00M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 984.00M shares Point-in-time
Equity method investments EquityMethodInvestments $5.41B USD Point-in-time
Equity method investments EquityMethodInvestments $5.51B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $37.06B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $37.44B USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 2.00B shares Point-in-time
Goodwill Goodwill $8.24B USD Point-in-time
Goodwill Goodwill $8.26B USD Point-in-time
Right of use assets OperatingLeaseRightOfUseAsset $1.28B USD Point-in-time
Treasury Stock, Shares TreasuryStockShares 476.00M shares Point-in-time
Treasury Stock, Shares TreasuryStockShares 405.00M shares Point-in-time
Right of use assets OperatingLeaseRightOfUseAsset $1.37B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $2.23B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $2.40B USD Point-in-time
Total assets Assets $85.37B USD Point-in-time
Total assets Assets $96.74B USD Point-in-time
Accounts payable AccountsPayableCurrent $13.70B USD Point-in-time
Accounts payable AccountsPayableCurrent $22.50B USD Point-in-time
Payroll and benefits payable EmployeeRelatedLiabilitiesCurrent $911.00M USD Point-in-time
Payroll and benefits payable EmployeeRelatedLiabilitiesCurrent $619.00M USD Point-in-time
Accrued taxes TaxesPayableCurrent $2.58B USD Point-in-time
Accrued taxes TaxesPayableCurrent $1.23B USD Point-in-time
Debt due within one year LongTermDebtAndCapitalLeaseObligationsCurrent $1.09B USD Point-in-time
Debt due within one year LongTermDebtAndCapitalLeaseObligationsCurrent $571.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $391.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $438.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $1.05B USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $1.25B USD Point-in-time
Total current liabilities LiabilitiesCurrent $17.90B USD Point-in-time
Total current liabilities LiabilitiesCurrent $28.44B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $24.97B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $25.69B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $5.54B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $5.64B USD Point-in-time
Defined benefit postretirement plan obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.01B USD Point-in-time
Defined benefit postretirement plan obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.13B USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $927.00M USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $879.00M USD Point-in-time
Deferred credits and other liabilities DeferredCreditsAndOtherLiabilitiesNoncurrent $1.39B USD Point-in-time
Deferred credits and other liabilities DeferredCreditsAndOtherLiabilitiesNoncurrent $1.35B USD Point-in-time
Total liabilities Liabilities $63.07B USD Point-in-time
Total liabilities Liabilities $51.79B USD Point-in-time
Commitments and contingencies (see Note 23) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 23) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $965.00M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $965.00M USD Point-in-time
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) PreferredStockValue - USD Point-in-time
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) PreferredStockValue - USD Point-in-time
Issued 989 million and 984 million shares (par value $0.01 per share, 2 billion shares authorized) CommonStockValue $10.00M USD Point-in-time
Issued 989 million and 984 million shares (par value $0.01 per share, 2 billion shares authorized) CommonStockValue $10.00M USD Point-in-time
Held in treasury, at cost 476 million and 405 million shares TreasuryStockValue $26.00B USD Point-in-time
Held in treasury, at cost 476 million and 405 million shares TreasuryStockValue $19.90B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $33.26B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $33.38B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $18.98B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $12.90B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-340.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-512.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-67.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-65.00M USD Point-in-time
Total MPC stockholders equity StockholdersEquity $26.31B USD Point-in-time
Total MPC stockholders equity StockholdersEquity $26.21B USD Point-in-time
Noncontrolling interests MinorityInterest $6.40B USD Point-in-time
Noncontrolling interests MinorityInterest $6.41B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $28.51B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.25B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $35.73B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.70B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $30.33B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.62B USD Point-in-time
Total liabilities, redeemable noncontrolling interest and equity LiabilitiesAndStockholdersEquity $96.74B USD Point-in-time
Total liabilities, redeemable noncontrolling interest and equity LiabilitiesAndStockholdersEquity $85.37B USD Point-in-time
Income Statement 112 line items
Line Item Tag Value Unit Period
Sales and other operating revenues RevenueFromContractWithCustomerExcludingAssessedTax $91.85B USD 2 Qtrs
Sales and other operating revenues RevenueFromContractWithCustomerExcludingAssessedTax $53.80B USD 1 Quarter
Sales and other operating revenues RevenueFromContractWithCustomerExcludingAssessedTax $29.61B USD 1 Quarter
Sales and other operating revenues RevenueFromContractWithCustomerExcludingAssessedTax $52.33B USD 2 Qtrs
Income from equity method investments IncomeLossFromEquityMethodInvestments $289.00M USD 2 Qtrs
Income from equity method investments IncomeLossFromEquityMethodInvestments $93.00M USD 1 Quarter
Income from equity method investments IncomeLossFromEquityMethodInvestments $184.00M USD 2 Qtrs
Income from equity method investments IncomeLossFromEquityMethodInvestments $147.00M USD 1 Quarter
Net gain on disposal of assets GainLossOnDispositionOfAssets1 $3.00M USD 2 Qtrs
Net gain on disposal of assets GainLossOnDispositionOfAssets1 - USD 1 Quarter
Net gain on disposal of assets GainLossOnDispositionOfAssets1 $39.00M USD 1 Quarter
Net gain on disposal of assets GainLossOnDispositionOfAssets1 $21.00M USD 2 Qtrs
Other income OtherOperatingIncome $459.00M USD 2 Qtrs
Other income OtherOperatingIncome $257.00M USD 1 Quarter
Other income OtherOperatingIncome $119.00M USD 1 Quarter
Other income OtherOperatingIncome $196.00M USD 2 Qtrs
Total revenues and other income RevenuesAndOtherIncome $29.83B USD 1 Quarter
Total revenues and other income RevenuesAndOtherIncome $92.62B USD 2 Qtrs
Total revenues and other income RevenuesAndOtherIncome $54.24B USD 1 Quarter
Total revenues and other income RevenuesAndOtherIncome $52.71B USD 2 Qtrs
Cost of revenues (excludes items below) CostOfGoodsAndServicesSold $27.18B USD 1 Quarter
Cost of revenues (excludes items below) CostOfGoodsAndServicesSold $79.28B USD 2 Qtrs
Cost of revenues (excludes items below) CostOfGoodsAndServicesSold $48.26B USD 2 Qtrs
Cost of revenues (excludes items below) CostOfGoodsAndServicesSold $44.21B USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.72B USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $819.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $871.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.62B USD 2 Qtrs
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.20B USD 2 Qtrs
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $625.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $694.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.30B USD 2 Qtrs
Other taxes TaxesExcludingIncomeAndExciseTaxes $190.00M USD 1 Quarter
Other taxes TaxesExcludingIncomeAndExciseTaxes $189.00M USD 1 Quarter
Other taxes TaxesExcludingIncomeAndExciseTaxes $382.00M USD 2 Qtrs
Other taxes TaxesExcludingIncomeAndExciseTaxes $351.00M USD 2 Qtrs
Total costs and expenses CostsAndExpenses $51.53B USD 2 Qtrs
Total costs and expenses CostsAndExpenses $28.86B USD 1 Quarter
Total costs and expenses CostsAndExpenses $45.91B USD 1 Quarter
Total costs and expenses CostsAndExpenses $82.58B USD 2 Qtrs
Income from continuing operations OperatingIncomeLoss $965.00M USD 1 Quarter
Income from continuing operations OperatingIncomeLoss $8.33B USD 1 Quarter
Income from continuing operations OperatingIncomeLoss $1.18B USD 2 Qtrs
Income from continuing operations OperatingIncomeLoss $10.04B USD 2 Qtrs
Net interest and other financial costs InterestAndDebtExpense $372.00M USD 1 Quarter
Net interest and other financial costs InterestAndDebtExpense $725.00M USD 2 Qtrs
Net interest and other financial costs InterestAndDebtExpense $312.00M USD 1 Quarter
Net interest and other financial costs InterestAndDebtExpense $574.00M USD 2 Qtrs
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $457.00M USD 2 Qtrs
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $8.02B USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $9.47B USD 2 Qtrs
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $593.00M USD 1 Quarter
Provision for income taxes on continuing operations IncomeTaxExpenseBenefit $39.00M USD 2 Qtrs
Provision for income taxes on continuing operations IncomeTaxExpenseBenefit $2.08B USD 2 Qtrs
Provision for income taxes on continuing operations IncomeTaxExpenseBenefit $1.80B USD 1 Quarter
Provision for income taxes on continuing operations IncomeTaxExpenseBenefit $5.00M USD 1 Quarter
Income from continuing operations, net of tax IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $588.00M USD 1 Quarter
Income from continuing operations, net of tax IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $6.22B USD 1 Quarter
Income from continuing operations, net of tax IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $418.00M USD 2 Qtrs
Income from continuing operations, net of tax IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $7.39B USD 2 Qtrs
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $8.21B USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $8.45B USD 2 Qtrs
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 2 Qtrs
Net income ProfitLoss $8.87B USD 2 Qtrs
Net income ProfitLoss $6.22B USD 1 Quarter
Net income ProfitLoss $8.80B USD 1 Quarter
Net income ProfitLoss $7.39B USD 2 Qtrs
Redeemable noncontrolling interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest $41.00M USD 2 Qtrs
Redeemable noncontrolling interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest $21.00M USD 1 Quarter
Redeemable noncontrolling interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest $21.00M USD 1 Quarter
Redeemable noncontrolling interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest $42.00M USD 2 Qtrs
Noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $555.00M USD 2 Qtrs
Noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $269.00M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $629.00M USD 2 Qtrs
Noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $323.00M USD 1 Quarter
Net income attributable to MPC NetIncomeLoss $8.27B USD 2 Qtrs
Net income attributable to MPC NetIncomeLoss $5.87B USD 1 Quarter
Net income attributable to MPC NetIncomeLoss $6.72B USD 2 Qtrs
Net income attributable to MPC NetIncomeLoss $8.51B USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $-0.27 USD 2 Qtrs
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $11.03 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.46 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $12.24 USD 2 Qtrs
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 2 Qtrs
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $12.63 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $12.98 USD 2 Qtrs
Net income per share EarningsPerShareBasic $13.09 USD 1 Quarter
Net income per share EarningsPerShareBasic $11.03 USD 1 Quarter
Net income per share EarningsPerShareBasic $12.24 USD 2 Qtrs
Net income per share EarningsPerShareBasic $12.71 USD 2 Qtrs
Weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 651.00M shares 2 Qtrs
Weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 532.00M shares 1 Quarter
Weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 650.00M shares 1 Quarter
Weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 549.00M shares 2 Qtrs
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $0.45 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $10.95 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $-0.27 USD 2 Qtrs
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $12.15 USD 2 Qtrs
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 2 Qtrs
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $12.55 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $12.98 USD 2 Qtrs
Net income per share EarningsPerShareDiluted $12.15 USD 2 Qtrs
Net income per share EarningsPerShareDiluted $10.95 USD 1 Quarter
Net income per share EarningsPerShareDiluted $12.71 USD 2 Qtrs
Net income per share EarningsPerShareDiluted $13.00 USD 1 Quarter
Weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 651.00M shares 2 Qtrs
Weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 654.00M shares 1 Quarter
Weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 536.00M shares 1 Quarter
Weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 553.00M shares 2 Qtrs
Cash Flow Statement 116 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $8.87B USD 2 Qtrs
Net income ProfitLoss $6.22B USD 1 Quarter
Net income ProfitLoss $8.80B USD 1 Quarter
Net income ProfitLoss $7.39B USD 2 Qtrs
Amortization of deferred financing costs and debt discount AmortizationOfFinancingCosts $33.00M USD 2 Qtrs
Amortization of deferred financing costs and debt discount AmortizationOfFinancingCosts $41.00M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $1.72B USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $819.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $871.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.62B USD 2 Qtrs
Pension and other postretirement benefits, net PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $117.00M USD 2 Qtrs
Pension and other postretirement benefits, net PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $-34.00M USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-49.00M USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-92.00M USD 2 Qtrs
Net gain on disposal of assets GainLossOnDispositionOfAssets1 $3.00M USD 2 Qtrs
Net gain on disposal of assets GainLossOnDispositionOfAssets1 - USD 1 Quarter
Net gain on disposal of assets GainLossOnDispositionOfAssets1 $39.00M USD 1 Quarter
Net gain on disposal of assets GainLossOnDispositionOfAssets1 $21.00M USD 2 Qtrs
Income from equity method investments IncomeLossFromEquityMethodInvestments $289.00M USD 2 Qtrs
Income from equity method investments IncomeLossFromEquityMethodInvestments $93.00M USD 1 Quarter
Income from equity method investments IncomeLossFromEquityMethodInvestments $184.00M USD 2 Qtrs
Income from equity method investments IncomeLossFromEquityMethodInvestments $147.00M USD 1 Quarter
Distributions from equity method investments EquityMethodInvestmentDividendsOrDistributions $303.00M USD 2 Qtrs
Distributions from equity method investments EquityMethodInvestmentDividendsOrDistributions $336.00M USD 2 Qtrs
Income from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $8.21B USD 1 Quarter
Income from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $8.45B USD 2 Qtrs
Income from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Income from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 2 Qtrs
Changes in income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-20.00M USD 2 Qtrs
Changes in income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-11.00M USD 2 Qtrs
Changes in the fair value of derivative instruments UnrealizedGainLossOnDerivativesAndCommodityContracts $1.00M USD 2 Qtrs
Changes in the fair value of derivative instruments UnrealizedGainLossOnDerivativesAndCommodityContracts $169.00M USD 2 Qtrs
Current receivables IncreaseDecreaseInAccountsReceivable $6.28B USD 2 Qtrs
Current receivables IncreaseDecreaseInAccountsReceivable $3.95B USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $2.98B USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $880.00M USD 2 Qtrs
Current accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $10.11B USD 2 Qtrs
Current accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.48B USD 2 Qtrs
Right of use assets and operating lease liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $-4.00M USD 2 Qtrs
Right of use assets and operating lease liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $-2.00M USD 2 Qtrs
All other, net OtherOperatingActivitiesCashFlowStatement $-277.00M USD 2 Qtrs
All other, net OtherOperatingActivitiesCashFlowStatement $-79.00M USD 2 Qtrs
Cash provided by operating activities - continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.80B USD 2 Qtrs
Cash provided by operating activities - continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $9.51B USD 2 Qtrs
Cash provided by (used in) operating activities - discontinued operations NetCashProvidedByUsedInDiscontinuedOperations $33.00M USD 2 Qtrs
Cash provided by (used in) operating activities - discontinued operations NetCashProvidedByUsedInDiscontinuedOperations $-44.00M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.83B USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $9.46B USD 2 Qtrs
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $606.00M USD 2 Qtrs
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $993.00M USD 2 Qtrs
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 2 Qtrs
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $74.00M USD 2 Qtrs
Disposal of assets ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets $72.00M USD 2 Qtrs
Disposal of assets ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets $81.00M USD 2 Qtrs
Investments acquisitions and contributions PaymentsToAcquireInterestInJointVenture $160.00M USD 2 Qtrs
Investments acquisitions and contributions PaymentsToAcquireInterestInJointVenture $113.00M USD 2 Qtrs
Investments - redemptions, repayments and return of capital ProceedsFromCollectionOfLongtermLoansToRelatedParties $3.00M USD 2 Qtrs
Investments - redemptions, repayments and return of capital ProceedsFromCollectionOfLongtermLoansToRelatedParties - USD 2 Qtrs
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecuritiesDebt $2.58B USD 2 Qtrs
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecuritiesDebt $5.42B USD 2 Qtrs
Sales of short-term investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 2 Qtrs
Sales of short-term investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $1.07B USD 2 Qtrs
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $2.81B USD 2 Qtrs
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities - USD 2 Qtrs
All other, net PaymentsForProceedsFromOtherInvestingActivities $-220.00M USD 2 Qtrs
All other, net PaymentsForProceedsFromOtherInvestingActivities $-470.00M USD 2 Qtrs
Cash provided by (used in) investing activities - continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $620.00M USD 2 Qtrs
Cash provided by (used in) investing activities - continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-5.83B USD 2 Qtrs
Cash provided by investing activities - discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations - USD 2 Qtrs
Cash provided by investing activities - discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $21.23B USD 2 Qtrs
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $620.00M USD 2 Qtrs
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $15.40B USD 2 Qtrs
Commercial paper issued ProceedsFromIssuanceOfCommercialPaper - USD 2 Qtrs
Commercial paper issued ProceedsFromIssuanceOfCommercialPaper $7.41B USD 2 Qtrs
Commercial paper - repayments RepaymentsOfCommercialPaper $8.44B USD 2 Qtrs
Commercial paper - repayments RepaymentsOfCommercialPaper - USD 2 Qtrs
Long-term debt borrowings ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $10.78B USD 2 Qtrs
Long-term debt borrowings ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $2.38B USD 2 Qtrs
Long-term debt repayments RepaymentsOfLongTermDebtAndCapitalSecurities $1.24B USD 2 Qtrs
Long-term debt repayments RepaymentsOfLongTermDebtAndCapitalSecurities $13.06B USD 2 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $16.00M USD 2 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 2 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $53.00M USD 2 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $167.00M USD 2 Qtrs
Common stock repurchased PaymentsForRepurchaseOfCommonStock $6.18B USD 2 Qtrs
Common stock repurchased PaymentsForRepurchaseOfCommonStock $984.00M USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock $3.33B USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock $984.00M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $760.00M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $643.00M USD 2 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $613.00M USD 2 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $599.00M USD 2 Qtrs
Repurchases of noncontrolling interests PaymentsForRepurchaseOfOtherEquity $135.00M USD 2 Qtrs
Repurchases of noncontrolling interests PaymentsForRepurchaseOfOtherEquity $310.00M USD 2 Qtrs
All other, net ProceedsFromPaymentsForOtherFinancingActivities $-36.00M USD 2 Qtrs
All other, net ProceedsFromPaymentsForOtherFinancingActivities $-41.00M USD 2 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-5.95B USD 2 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-6.30B USD 2 Qtrs
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $3.79B USD 2 Qtrs
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $11.28B USD 2 Qtrs
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.29B USD Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.08B USD Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.84B USD Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $416.00M USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations - USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations - USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations $140.00M USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations - USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations - USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations - USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations $140.00M USD Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, discontinued operations, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations - USD Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.29B USD Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.08B USD Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.84B USD Point-in-time
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $416.00M USD Point-in-time
Stockholders Equity 41 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $28.51B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.25B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $35.73B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.70B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $30.33B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.62B USD Point-in-time
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $44.00M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $6.20B USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $1.15B USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $8.78B USD 1 Quarter
Dividends declared on common stock DividendsCommonStockCash $381.00M USD 1 Quarter
Dividends declared on common stock DividendsCommonStockCash $330.00M USD 1 Quarter
Dividends declared on common stock DividendsCommonStockCash $379.00M USD 1 Quarter
Dividends declared on common stock DividendsCommonStockCash $310.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $290.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $300.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $272.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $267.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $171.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $9.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-7.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $2.00M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $172.00M USD 2 Qtrs
Shares repurchased TreasuryStockValueAcquiredCostMethod $2.81B USD 1 Quarter
Shares repurchased TreasuryStockValueAcquiredCostMethod $3.29B USD 1 Quarter
Shares repurchased TreasuryStockValueAcquiredCostMethod $984.00M USD 1 Quarter
Net shares issued - stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $69.00M USD 1 Quarter
Net shares issued - stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $47.00M USD 1 Quarter
Net shares issued - stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $17.00M USD 1 Quarter
Net shares issued - stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $89.00M USD 1 Quarter
Equity transactions of MPLX ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet $-148.00M USD 1 Quarter
Equity transactions of MPLX ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet $-88.00M USD 1 Quarter
Equity transactions of MPLX ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet $-124.00M USD 1 Quarter
Equity transactions of MPLX ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet $-42.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $28.51B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.25B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $35.73B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.70B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $30.33B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.62B USD Point-in-time
Comprehensive Income 26 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $8.87B USD 2 Qtrs
Net income ProfitLoss $6.22B USD 1 Quarter
Net income ProfitLoss $8.80B USD 1 Quarter
Net income ProfitLoss $7.39B USD 2 Qtrs
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $171.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $1.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $9.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $-7.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $2.00M USD 2 Qtrs
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $172.00M USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $7.39B USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $6.23B USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $8.97B USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $9.04B USD 2 Qtrs
Redeemable noncontrolling interest ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest $41.00M USD 2 Qtrs
Redeemable noncontrolling interest ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest $42.00M USD 2 Qtrs
Redeemable noncontrolling interest ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest $21.00M USD 1 Quarter
Redeemable noncontrolling interest ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest $21.00M USD 1 Quarter
Noncontrolling interests ComprehensiveIncomeLossNetofTaxAttributabletoNonredeemableNoncontrollingInterest $629.00M USD 2 Qtrs
Noncontrolling interests ComprehensiveIncomeLossNetofTaxAttributabletoNonredeemableNoncontrollingInterest $269.00M USD 1 Quarter
Noncontrolling interests ComprehensiveIncomeLossNetofTaxAttributabletoNonredeemableNoncontrollingInterest $323.00M USD 1 Quarter
Noncontrolling interests ComprehensiveIncomeLossNetofTaxAttributabletoNonredeemableNoncontrollingInterest $555.00M USD 2 Qtrs
Comprehensive income attributable to MPC ComprehensiveIncomeNetOfTax $5.88B USD 1 Quarter
Comprehensive income attributable to MPC ComprehensiveIncomeNetOfTax $8.68B USD 1 Quarter
Comprehensive income attributable to MPC ComprehensiveIncomeNetOfTax $8.44B USD 2 Qtrs
Comprehensive income attributable to MPC ComprehensiveIncomeNetOfTax $6.72B USD 2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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