Marathon Petroleum Files 2024 10-K
Ticker: MPC · Form: 10-K · Filed: 2025-02-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, petroleum-refining
TL;DR
MPC filed its 2024 10-K. Revenue and debt details inside.
AI Summary
Marathon Petroleum Corp. filed its 2024 10-K on February 27, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The filing details the company's operations in petroleum refining and its financial results, including revenue and debt obligations. Marathon Petroleum Corp. is headquartered in Findlay, Ohio.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Marathon Petroleum's financial health and operational performance for the past fiscal year, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new risks.
Key Numbers
- 2911 — SIC Code (Indicates industry classification as Petroleum Refining)
Key Players & Entities
- Marathon Petroleum Corp. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-27 (date) — Filing date
- Findlay, OH (location) — Company headquarters
FAQ
What was Marathon Petroleum Corp.'s total revenue for the fiscal year ending December 31, 2024?
The filing indicates 'RevenueFromContractWithCustomerExcludingAssessedTax' as a key metric, but the specific dollar amount for FY 2024 is not provided in this excerpt.
What is the company's reported long-term debt as of December 31, 2024?
The filing references 'LongTermDebtAndCapitalLeaseObligations' and 'LongTermDebtAndCapitalLeaseObligationsCurrent', but specific figures are not detailed in this excerpt.
When was Marathon Petroleum Corp. incorporated?
Marathon Petroleum Corp. was incorporated in Delaware (DE).
What is Marathon Petroleum Corp.'s IRS number?
Marathon Petroleum Corp.'s IRS number is 271284632.
What is the filing date of this 10-K report?
This 10-K report was filed on February 27, 2025.
From the Filing
0001510295-25-000012.txt : 20250227 0001510295-25-000012.hdr.sgml : 20250227 20250227120138 ACCESSION NUMBER: 0001510295-25-000012 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 225 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250227 DATE AS OF CHANGE: 20250227 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: 25675762 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-K 1 mpc-20241231.htm 10-K mpc-20241231 0001510295 12-31 2024 FY false 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 P1Y http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2024#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2024#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2024#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2024#DeferredCreditsAndOtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#DeferredCreditsAndOtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure mpc:Segment iso4217:USD utr:gal utr:bbl mpc:Period mpc:employee 0001510295 2024-01-01 2024-12-31 0001510295 2024-06-30 0001510295 2025-02-21 0001510295 2023-01-01 2023-12-31 0001510295 2022-01-01 2022-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2024-01-01 2024-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2023-01-01 2023-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2022-01-01 2022-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2024-01-01 2024-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2023-01-01 2023-12-31 0001510295 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2022-01-01 2022-12-31 0001510295 mpc:AccumulatedGainLossOtherMember 2024-01-01 2024-12-31 0001510295 mpc:AccumulatedGainLossOtherMember 2023-01-01 2023-12-31 0001510295 mpc:AccumulatedGainLossOtherMember 2022-01-01 2022-12-31 0001510295 2024-12-31 0001510295 2023-12-31 0001510295 2022-12-31 0001510295 2021-12-31 0001510295 us-gaap:CommonStockMember 2021-12-31 0001510295 us-gaap:TreasuryStockCommonMember 2021-12-31 0001510295 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001510295 us-gaap:RetainedEarningsMember 2021-12-31 0001510295 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001510295 us-gaap:NoncontrollingInterestMember 2021-12-31 0001510295 mpc:RedeemableNoncontrollingInterestMember 2021-12-31 0001510295 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001510295 us-gaap:NoncontrollingInterestMember 2022-01-01 20