Marathon Petroleum Corp. Files 10-Q for Q2 2024
Ticker: MPC · Form: 10-Q · Filed: 2024-08-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, petroleum-refining, sec-filing
TL;DR
MPC 10-Q filed: Q2 2024 results are in, check the numbers for refining performance.
AI Summary
Marathon Petroleum Corp. reported its financial results for the period ending June 30, 2024. The company's filing details its operational and financial performance, including key figures related to its petroleum refining business. Specific financial data and segment performance are outlined within the report.
Why It Matters
This 10-Q filing provides investors and analysts with crucial financial and operational data for Marathon Petroleum Corp., enabling informed decisions about the company's performance and future outlook in the energy sector.
Risk Assessment
Risk Level: medium — As a major player in the petroleum refining industry, Marathon Petroleum is subject to significant market volatility, regulatory changes, and commodity price fluctuations.
Key Players & Entities
- Marathon Petroleum Corp. (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- 20240806 (date) — Filing date of the report
- PETROLEUM REFINING [2911] (industry) — Company's Standard Industrial Classification
- 539 SOUTH MAIN STREET (address) — Company's business and mailing address
- FINDLAY (location) — City of company's address
- OH (location) — State of company's address
- 45840-3229 (zip_code) — Zip code of company's address
- 419-422-2121 (phone_number) — Company's business phone number
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the period ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20240806.
What is Marathon Petroleum Corp.'s primary industry classification?
Marathon Petroleum Corp.'s Standard Industrial Classification is PETROLEUM REFINING [2911].
Where is Marathon Petroleum Corp. headquartered?
The company's business and mailing address is 539 SOUTH MAIN STREET, FINDLAY, OH 45840-3229.
What is the SEC file number for Marathon Petroleum Corp.?
The SEC File Number is 001-35054.
From the Filing
0001510295-24-000068.txt : 20240806 0001510295-24-000068.hdr.sgml : 20240806 20240806134511 ACCESSION NUMBER: 0001510295-24-000068 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 133 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35054 FILM NUMBER: 241178370 BUSINESS ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 BUSINESS PHONE: 419-422-2121 MAIL ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 10-Q 1 mpc-20240630.htm 10-Q mpc-20240630 0001510295 12/31 2024 Q2 FALSE P5Y http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure mpc:Segment iso4217:USD utr:gal utr:bbl 0001510295 2024-01-01 2024-06-30 0001510295 2024-07-31 0001510295 2024-04-01 2024-06-30 0001510295 2023-04-01 2023-06-30 0001510295 2023-01-01 2023-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember 2024-04-01 2024-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember 2023-04-01 2023-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember 2024-01-01 2024-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember 2023-01-01 2023-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember 2024-04-01 2024-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember 2023-04-01 2023-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember 2024-01-01 2024-06-30 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember 2023-01-01 2023-06-30 0001510295 mpc:AccumulatedGainLossOtherMember 2024-04-01 2024-06-30 0001510295 mpc:AccumulatedGainLossOtherMember 2023-04-01 2023-06-30 0001510295 mpc:AccumulatedGainLossOtherMember 2024-01-01 2024-06-30 0001510295 mpc:AccumulatedGainLossOtherMember 2023-01-01 2023-06-30 0001510295 2024-06-30 0001510295 2023-12-31 0001510295 2022-12-31 0001510295 2023-06-30 0001510295 us-gaap:CommonStockMember 2023-12-31 0001510295 us-gaap:TreasuryStockCommonMember 2023-12-31 0001510295 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001510295 us-gaap:RetainedEarningsMember 2023-12-31 0001510295 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001510295 us-gaap:NoncontrollingInterestMember 2023-12-31 0001510295 mpc:RedeemableNoncontrollingInterestMember 2023-12-31 0001510295 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001510295 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001510295 2024-01-01 2024-03-31 0001510295 mpc:RedeemableNoncontrollingInterestMember 2024-01-01 2024-03-31 0001510295 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001510295 us-gaap:TreasuryStockC