Marathon Petroleum Files 2023 10-K, Details Refining Operations
Ticker: MPC · Form: 10-K · Filed: 2024-02-28T00:00:00.000Z
Sentiment: neutral
Topics: earnings, petroleum-refining, 10-K, debt
TL;DR
**MPC's 2023 10-K is out, showing their refining business and debt structure.**
AI Summary
Marathon Petroleum Corp (MPC) filed its 10-K on February 28, 2024, for the fiscal year ending December 31, 2023. The filing indicates the company's primary business is petroleum refining, with its business address at 539 South Main Street, Findlay, OH. Key financial data points to revenue from contracts with customers and details on long-term debt and capital lease obligations.
Why It Matters
This filing provides a comprehensive look into Marathon Petroleum's financial health and operational performance, crucial for investors to assess its stability and future prospects in the energy sector.
Risk Assessment
Risk Level: medium — The petroleum refining industry is subject to significant volatility in commodity prices and regulatory changes, posing inherent risks.
Key Players & Entities
- Marathon Petroleum Corp (company) — filer of the 10-K
- 001-35054 (company) — SEC file number
- December 31, 2023 (date) — fiscal year end
- February 28, 2024 (date) — filing date
- Findlay, OH (company) — business location
FAQ
What is the fiscal year end for Marathon Petroleum Corp as reported in this 10-K?
The fiscal year end for Marathon Petroleum Corp is December 31, 2023, as stated in the CONFORMED PERIOD OF REPORT: 20231231.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on February 28, 2024, as indicated by FILED AS OF DATE: 20240228.
What is the primary industry classification for Marathon Petroleum Corp?
Marathon Petroleum Corp's primary industry classification is PETROLEUM REFINING [2911], according to the STANDARD INDUSTRIAL CLASSIFICATION.
What is the business address of Marathon Petroleum Corp?
The business address of Marathon Petroleum Corp is 539 SOUTH MAIN STREET, FINDLAY, OH, 45840-3229.
What is the Central Index Key (CIK) for Marathon Petroleum Corp?
The Central Index Key (CIK) for Marathon Petroleum Corp is 0001510295.
From the Filing
0001510295-24-000015.txt : 20240228 0001510295-24-000015.hdr.sgml : 20240228 20240228143130 ACCESSION NUMBER: 0001510295-24-000015 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 220 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Marathon Petroleum Corp CENTRAL INDEX KEY: 0001510295 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 271284632 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35054 FILM NUMBER: 24693868 BUSINESS ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 BUSINESS PHONE: 419-421-2159 MAIL ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 10-K 1 mpc-20231231.htm 10-K mpc-20231231 0001510295 12-31 2023 FY false http://fasb.org/us-gaap/2023#IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity http://fasb.org/us-gaap/2023#DepreciationDepletionAndAmortization http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold P1Y http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2023#DeferredCreditsAndOtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#DeferredCreditsAndOtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent 0001510295 2023-01-01 2023-12-31 0001510295 2023-06-30 iso4217:USD 0001510295 2024-02-23 xbrli:shares 0001510295 2022-01-01 2022-12-31 0001510295 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2023-01-01 2023-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2022-01-01 2022-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2021-01-01 2021-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2023-01-01 2023-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2022-01-01 2022-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2021-01-01 2021-12-31 0001510295 mpc:AccumulatedGainLossOtherMember 2023-01-01 2023-12-31 0001510295 mpc:AccumulatedGainLossOtherMember 2022-01-01 2022-12-31 0001510295 mpc:AccumulatedGainLossOtherMember 2021-01-01 2021-12-31 0001510295 2023-12-31 0001510295 2022-12-31 0001510295 2021-12-31 0001510295 2020-12-31 0001510295 us-gaap:CommonStockMember 2020-12-31 0001510295 us-gaap:TreasuryStockCommonMember 2020-12-31 0001510295 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001510295 us-gaap:RetainedEarningsMember 2020-12-31 0001510295 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001510295 us-gaap:NoncontrollingInterestMember 2020-12-31 0001510295 mpc:RedeemableNoncontrollingInterestMember 2020-12-31 0001510295 us-gaap:RetainedEarn