XML 29 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues and other income:        
Sales and other operating revenues [1] $ 33,799 $ 37,914 $ 65,316 $ 70,620
Income from equity method investments 212 373 442 577
Net gain (loss) on disposal of assets 6 (1) 6 19
Other income 84 76 187 357
Total revenues and other income 34,101 38,362 65,951 71,573
Costs and expenses:        
Cost of revenues (excludes items below) 30,025 33,945 59,385 63,538
Depreciation and amortization 789 838 1,582 1,665
Selling, general and administrative expenses 867 823 1,650 1,602
Other taxes 223 234 450 462
Total costs and expenses 31,904 35,840 63,067 67,267
Income from operations 2,197 2,522 2,884 4,306
Net interest and other financial costs 319 194 623 373
Income before income taxes 1,878 2,328 2,261 3,933
Provision for income taxes 268 373 305 666
Net income 1,610 1,955 1,956 3,267
Less net income attributable to:        
Redeemable noncontrolling interest 0 5 0 15
Noncontrolling interests 394 435 814 800
Net income attributable to MPC $ 1,216 $ 1,515 $ 1,142 $ 2,452
Basic:        
Basic earnings per share $ 3.96 $ 4.34 $ 3.69 $ 6.90
Weighted average shares outstanding 307 349 309 355
Diluted:        
Diluted earnings per share $ 3.96 $ 4.33 $ 3.68 $ 6.88
Weighted average shares outstanding 307 350 310 356
[1] Includes sales to related parties. See Note 6 for additional information. See Note 17 for the disaggregation of our revenue from external customers by segment and product line.