Marathon Petroleum
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Marathon Petroleum's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 16% to $149,348,000,000. Profit margin reached 6%. Total operating expenses were $7,227,000,000.
Profit Margin
| 2014 | 91.25B | 2.52B | 2.77% |
|---|---|---|---|
| 2015 | 64.47B | 2.85B | 4.42% |
| 2016 | 63.51B | 1.17B | 1.85% |
| 2017 | 75.05B | 3.43B | 4.57% |
| 2018 | 86.28B | 2.10B | 2.44% |
| 2019 | 111.27B | 1.83B | 1.64% |
| 2020 | 69.89B | -11.03B | -15.78% |
| 2021 | 120.45B | 1.28B | 1.07% |
| 2022 | 178.23B | 14.51B | 8.14% |
| 2023 | 149.34B | 9.68B | 6.48% |
MPC Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 149.34B | 178.23B | 120.45B | 69.89B | 111.27B | 86.28B | 75.05B | 63.51B | 64.47B | 91.25B |
Cost of revenue | 128.56B | 151.67B | 110.00B | 65.73B | 99.22B | 77.04B | 67.08B | 56.81B | 56.26B | 84.27B |
Gross profit | 20.78B | 26.56B | 10.44B | 4.16B | 12.04B | 9.23B | 7.96B | 6.70B | 8.21B | 6.97B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 3M | 64M | 11M | 0 | -333M | 0 | 0 | -30M | -14M |
Total operating expenses | 7.22B | 5.09B | 6.37B | 16.45B | 7.62B | 4.68B | 4.02B | 4.34B | 3.55B | 2.94B |
Operating income | 14.51B | 19.75B | 3.75B | -2.6B | 5.06B | 4.57B | 3.65B | 2.66B | 4.77B | 3.90B |
Other income (expenses), net | -525M | 719M | -940M | -1.36B | -1.83B | -879M | -674M | -839M | -318M | -216M |
Income before tax | 13.98B | 20.46B | 2.81B | -13.61B | 3.23B | 3.69B | 3.34B | 1.82B | 4.37B | 3.83B |
Income tax expense | 2.81B | 4.49B | 264M | 2.43B | 784M | 764M | 460M | 609M | 1.50B | 1.28B |
Net income | 9.68B | 14.51B | 1.28B | -11.03B | 1.83B | 2.10B | 3.43B | 1.17B | 2.85B | 2.52B |
Earnings per share | ||||||||||
Basic EPS | 23.76 | 28.34 | 2.03 | -17 | 2.78 | 4.07 | 6.77 | 2.22 | 5.29 | 4.42 |
Diluted EPS | 23.65 | 28.12 | 2.02 | -17 | 2.76 | 4 | 6.7 | 2.21 | 5.26 | 4.39 |
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