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Marathon Petroleum Corporation  (MPC)
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Marathon Petroleum Corporation

MPC's Financial Statements and Analysis



Marathon Petroleum Corporation reported in the forth quarter of 2023 net earnings per share of $3.89 a decrease by -46 % year on year from $7.20 and decline of -53.02 % from $8.28 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 3.89 $  36,255 Mill
$-3.31     -46 % $-3,558M     -8.94 %



Marathon Petroleum's Revenue fell by -8.94 % in forth quarter of 2023 (Dec 31 2023) year on year, to $36,255 million and declined by -11.39 % sequentially.


Marathon Petroleum is

More on MPC's Income Statement



Marathon Petroleum's net income of $1,877.000 million in the forth quarter of 2023 decreased by -48.45 % from net earnings of $3,641.000 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -48.31 % from net income of $3,631.000 million realized in previous quarter.

More on MPC's Growth



Marathon Petroleum Inventories
Inventories grew by 5.55 % to $9,317 million from IV. Quarter a year ago, sequentially inventories fell by -8.14 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-3,010 million, capital expenditures grew by -726-26.72%, to $-532 millions compare to same quarter a year ago

More on MPC's Cash flow Statement


Marathon Petroleum Corporation payed out dividend of $3.02 per share in last 52 weeks representing 12.81 % of net earning per share in trailing twelve-month period.

During the same period Marathon Petroleum Corporation earned $ 34.46 cash per share, on a free-cash flow basis 146.13 % of net earning per share.

Book value fell by -7.36 % sequentially to $74.46 per share.
Tangible Book value fell to $ 54.33 per share from $ 59.56.

Company issued 13.69 million shares or 3.46 % in Dec 31 2023.
Interest Coverage Ratio was 27.65. Debt Coverage Ratio was 0.53.

More on MPC's Dividends

 Market Capitalization (Millions) 79,267
 Shares Outstanding (Millions) 410
 Total Debt (Millions $) 27,283
 Revenue (TTM) (Millions $) 148,379
 Net Income (TTM) (Millions $) 11,172
 Cash Flow (TTM) (Millions $) -3,185
 Capital Exp. (TTM) (Millions $) -1,890
 Dividend TTM ($) 3.02 $
 Dividend Yield TTM (%) 1.57 %
 Employees (TTM) $ 17,700




Marathon Petroleum Corporation payed out dividend of $3.02 per share in the last 52 weeks representing 12.81 % of net earning per share in trailing twelve-month period.

During the same period Marathon Petroleum Corporation had $ 34.46 cash flow per share, on a free-cash flow basis 146.13 % of net earning per share.

Book value fell by -7.36 % sequentially to $74.46 per share.
Tangible Book value fell to $ 54.33 per share from $ 59.56.

Company issued 13.69 million shares or 3.46 % in Dec 31 2023.
Interest Coverage Ratio was 27.65. Debt Coverage Ratio was 0.53.

More on MPC's Balance Sheets

 Market Capitalization (Millions) 79,267
 Shares Outstanding (Millions) 410
 Total Debt (Millions $) 27,283
 Revenue (TTM) (Millions $) 148,379
 Net Income (TTM) (Millions $) 11,172
 Cash Flow (TTM) (Millions $) -3,185
 Capital Exp. (TTM) (Millions $) -1,890
 Dividend TTM ($) 3.02 $
 Dividend Yield TTM (%) 1.57 %
 Employees (TTM) $ 17,700
   


  News about Marathon Petroleum Corporation Earnings

Marathon Petroleum Corporation Suffers Major Losses as Profits and Revenues Plunge in Q2 2023

Marathon Petroleum Corporation (MPC) has recently reported its financial performance for the second quarter of 2023, and the results show significant declines in profit and revenue compared to the previous year. Net profit per share plummeted by -51.42% to $5.32 per share, down from $10.95 in the same quarter of the previous year. Additionally, profits fell by -12.64% from $6.09 per share in the previous quarter.
These declines in profit and revenue are also reflected in the overall financial performance of MPC during this period. The company's revenue faded by -32.442% to $36.34 billion, a significant drop from $53.80 billion in the same quarter a year before. However, there was a sequential revenue gro...

The Oil & Gas Integrated Operations company disclosed softer revenue, over the first quarter of 2023 earnings season

Marathon Petroleum Corporation (MPC) has demonstrated its resilience and ability to weather through challenging times, as seen in its financial interval ending March 31, 2023. Despite a decline in revenue, MPC has managed to raise its earnings per share (EPS) significantly, which indicates that the company is making significant headway towards profitability.
The impressive increase in EPS by 379.96% to $6.09 per share is a testament to the company's strategic approach toward cost-cutting measures and efficient management of resources. This, coupled with the increase in net profits of $3,084.000 million, which is a 179.1% increase compared to the year-ago financial interval, indicates that the company is ...


Date modified: 2024-02-29T16:53:20+00:00





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