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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues and other income:        
Sales and other operating revenues $ 53,795 $ 29,615 $ 91,853 [1] $ 52,326 [1]
Income from equity method investments 147 93 289 184
Net gain on disposal of assets 39 0 21 3
Other income 257 119 459 196
Total revenues and other income 54,238 29,827 92,622 52,709
Costs and expenses:        
Cost of revenues (excludes items below) 44,207 27,177 79,275 48,261
Depreciation and amortization 819 871 [2] 1,624 1,715 [2]
Selling, general and administrative expenses 694 625 1,297 1,200
Other taxes 190 189 382 351
Total costs and expenses 45,910 28,862 82,578 51,527
Income from continuing operations 8,328 965 10,044 1,182
Net interest and other financial costs 312 372 574 725
Income from continuing operations before income taxes 8,016 593 9,470 457
Provision for income taxes on continuing operations 1,799 5 2,081 39
Income from continuing operations, net of tax 6,217 588 7,389 418
Income from discontinued operations, net of tax 0 8,214 0 8,448
Net income 6,217 8,802 7,389 8,866
Less net income attributable to:        
Redeemable noncontrolling interest 21 21 42 41
Noncontrolling interests 323 269 629 555
Net income attributable to MPC $ 5,873 $ 8,512 $ 6,718 $ 8,270
Basic:        
Continuing operations $ 11.03 $ 0.46 $ 12.24 $ (0.27)
Discontinued operations 0 12.63 0 12.98
Net income per share $ 11.03 $ 13.09 $ 12.24 $ 12.71
Weighted average shares outstanding 532 650 549 651
Diluted:        
Continuing operations $ 10.95 $ 0.45 $ 12.15 $ (0.27)
Discontinued operations 0 12.55 0 12.98
Net income per share $ 10.95 $ 13.00 $ 12.15 $ 12.71
Weighted average shares outstanding 536 654 553 651
[1] Includes related party sales. See Note 7 for additional information
[2] The three and six months ended June 30, 2021 includes $43 million of impairments of long lived assets.