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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues and other income:        
Sales and other operating revenues [1] $ 35,107 $ 40,917 $ 105,727 $ 112,124
Income from equity method investments 219 215 796 547
Net gain (loss) on disposal of assets (2) 110 17 126
Other income 49 341 406 687
Total revenues and other income 35,373 41,583 106,946 113,484
Costs and expenses:        
Cost of revenues (excludes items below) 32,144 34,928 95,682 95,984
Depreciation and amortization 846 845 2,511 2,479
Selling, general and administrative expenses 815 824 2,417 2,219
Other taxes 219 233 681 683
Total costs and expenses 34,024 36,830 101,291 101,365
Income from operations 1,349 4,753 5,655 12,119
Net interest and other financial costs 221 118 594 414
Income before income taxes 1,128 4,635 5,061 11,705
Provision for income taxes 113 1,004 779 2,410
Net income 1,015 3,631 4,282 9,295
Less net income attributable to:        
Redeemable noncontrolling interest 6 25 21 71
Noncontrolling interests 387 326 1,187 994
Net income attributable to MPC $ 622 $ 3,280 $ 3,074 $ 8,230
Basic:        
Net income attributable to MPC per share $ 1.88 $ 8.31 $ 8.85 $ 19.66
Weighted average shares outstanding 331 394 347 418
Diluted:        
Net income attributable to MPC per share $ 1.87 $ 8.28 $ 8.83 $ 19.57
Weighted average shares outstanding 332 396 348 420
[1] Includes sales to related parties. See Note 6 for additional information.