Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.

Marathon Petroleum Corporation

Sales and Other Operating Revenues

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Net Income

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	34,809	33,799	31,517	33,137	35,107	37,914
Total Revenues %Chg	-0.8%	-10.9%	-3.6%	-8.6%	-14.2%	4.3%
Sales and Other Operating Revenues
Sales to Related Parties
Cost of Sales	31,200	30,025	29,360	30,558	32,144	33,945
Cost of Revenues
Purchases from Related Parties
Consumer Excise Taxes
Gross Profit	3,609	3,774	2,157	2,579	2,963	3,969
Gross Profit Margin	10.4%	11.2%	6.8%	7.8%	8.4%	10.5%
Selling, General & Administrative Expenses	863	867	783	804	815	823
Selling, General and Administrative Expenses
Depreciation & Amortization Expenses	841	789	793	826	846	838
Depreciation and Amortization
Other Operating Expenses	232	223	227	137	219	234
Impairment Expense
Restructuring Expenses
Other Taxes
LCM Inventory Valuation Adjustment
Operating Profit	1,673	1,895	354	812	1,083	2,074
Operating Margin	4.8%	5.6%	1.1%	2.5%	3.1%	5.5%
Interest and Investment Income	976	212	230	252	219	373
Income from Equity Method Investments
Interest Expense	-310	-319	-304	-245	-221	-194
Net Interest and Other Financial Costs
Net Interest and Other Financial Income
Non-Operating Income	64	90	103	77	47	75
Net Gain on Disposal of Assets
Other Income
Total Non-Operating Income	730	-17	29	84	45	254
Income Before Provision for Income Taxes	2,403	1,878	383	896	1,128	2,328
Income Before Income Taxes
Provision for Income Taxes	460	268	37	111	113	373
Provision for Income Taxes
Consolidated Net Income	1,943	1,610	346	785	1,015	1,955
Net Income Attributable to Minority Interests and Other	573	394	420	414	393	440
Redeemable Noncontrolling Interest
Noncontrolling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—
Income from Discontinued Operations, Net of Tax
Net Income Attributable to Common Shareholders	1,370	1,216	-74	371	622	1,515
Net Income Attributable to MPC
Basic EPS	4.5	4	-0.2	1.2	1.9	4.3
Diluted EPS	4.5	4	-0.2	1.2	1.9	4.3
Basic Weighted Average Shares Outstanding	303	307	313	320	331	349
Total Shares Outstanding	301	304	309	316	325	341
Diluted Weighted Average Shares Outstanding	304	307	313	321	332	350
EBITDA	2,523	2,693	1,159	1,651	1,924	2,897
Effective Tax Rate	19.1%	14.3%	9.7%	12.4%	10%	16%