Marathon Petroleum Corp.
Marathon Petroleum Reports Q1 2024 Results
Summary
Marathon Petroleum Corporation (MPC) reported net income of $937 million for Q1 2024, or $2.58 per diluted share, reflecting lower earnings compared to Q1 2023. The company returned $2.5 billion to shareholders through share repurchases and dividends and announced an additional $5 billion share repurchase authorization.
Profitelligence Alerts
Get alerts for MPC
Be first to know when Marathon Petroleum Corp. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Marathon Petroleum Corp.
Marathon Petroleum Corp. is a leading integrated downstream energy company within the United States. Its primary function is to refine crude oil and distribute petroleum products, playing a pivotal role in the energy sector. Marathon Petroleum operates one of the largest refining systems in the nation, with refineries strategically located across the country, providing widespread access to key markets. The company is known for producing a variety of petroleum products, including gasoline, diesel, aviation fuels, and petrochemicals, which are essential to various sectors such as transportation, industrial, and residential markets. Marathon Petrol's comprehensive logistics network, including pipelines, terminals, and marine fleets, supports its extensive distribution capabilities. Moreover, its retail operations through the Speedway brand further enhance its market presence. Marathon Petroleum Corp. is significant in the energy market, contributing to the stability and efficiency of fuel supply and consumption patterns, thus impacting both local and national economic landscapes.
Official SEC Documents
Advertisement