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Marathon Petroleum Corporation  (MPC)
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MPC's Net Income Growth by Quarter and Year

Marathon Petroleum's Net Income results by quarter and year




MPC Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,877.00 3,641.00 1,105.00 574.00
III Quarter September 3,631.00 5,020.00 1,030.00 -609.00
II Quarter June 2,580.00 6,217.00 8,802.00 276.00
I Quarter March 3,084.00 1,172.00 64.00 -10,218.00
FY   11,172.00 16,050.00 11,001.00 -9,977.00



MPC Net Income fourth quarter 2023 Y/Y Growth Comment
Marathon Petroleum Corporation reported drop in Net Income in the fourth quarter 2023 by -48.45% to $ 1,877.00 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Marathon Petroleum Corporation's Net Income compares unfavorably to the Company's average Net Income jump of 66.05%.

According to the results reported in the fourth quarter 2023, Marathon Petroleum Corporation achieved the best Net Income growth in Oil & Gas Integrated Operations industry. While Marathon Petroleum Corporation' s Net Income meltdown of -48.45% ranks overall at the positon no. 414 in the fourth quarter 2023.




MPC Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -48.45 % 229.5 % 92.51 % 119.08 %
III Quarter September -27.67 % 387.38 % - -
II Quarter June -58.5 % -29.37 % 3089.13 % -79.81 %
I Quarter March 163.14 % 1731.25 % - -
FY   -30.39 % 45.9 % - -

Financial Statements
Marathon Petroleum's fourth quarter 2023 Net Income $ 1,877.00 millions MPC's Income Statement
Marathon Petroleum's fourth quarter 2022 Net Income $ 3,641.00 millions Quarterly MPC's Income Statement
New: More MPC's historic Net Income Growth >>


MPC Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -48.31 % -27.47 % 7.28 % -
III Quarter September 40.74 % -19.25 % -88.3 % -
II Quarter June -16.34 % 430.46 % 13653.13 % -
I Quarter March -15.3 % 6.06 % -88.85 % -
FY (Year on Year)   -30.39 % 45.9 % - -




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #1
Energy Sector #15
Overall #414

Net Income Y/Y Growth Statistics
High Average Low
3870.16 % 66.05 % -406.51 %
(Mar 31 2022)   (Dec 31 2020)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #1
Energy Sector #15
Overall #414
Net Income Y/Y Growth Statistics
High Average Low
3870.16 % 66.05 % -406.51 %
(Mar 31 2022)   (Dec 31 2020)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Marathon Petroleum's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
13653.13 % 292.87 % -88.94 %
(Jun 30 2021)  


MPC's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Marathon Petroleum Corporation realized fall in Net Income from the third quarter by -48.31% to $ 1,877.00 millions, from $ 3,631.00 millions released in the previous reporting period.

This is not huge issue, as Net Income frequently tend to slow in the IV. Quarter.

Within Oil & Gas Integrated Operations industry 4 other companies have achieved higher Net Income quarter on quarter growth. While Marathon Petroleum's Net Income growth quarter on quarter, overall rank is 1042.


Net Income Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #5
Energy Sector #46
Overall #1042
Net Income Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #5
Energy Sector #46
Overall #1042
Net Income Q/Q Growth Statistics
High Average Low
13653.13 % 292.87 % -88.94 %
(Jun 30 2021)  


MPC's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Marathon Petroleum Corporation disclosed fall in Net Income from the third quarter by -48.31% to $ 1,877.00 millions, from $ 3,631.00 millions declared in the previous reporting period.

As we look into recent shortcoming at the IV. Quarter, we should presume, that commonly IV. Quarter performance appear to be sluggish then in the third quarter, Savannah Green, Oil & Gas Integrated Operations industry insider said.

Within Oil & Gas Integrated Operations industry 4 other companies have achieved higher Net Income quarter on quarter growth. While Marathon Petroleum's Net Income growth quarter on quarter, overall rank is 1042.


Marathon Petroleum's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 11,172.00 $ 12,936.00 $ 14,325.00 $ 17,962.00 $ 16,050.00
Y / Y Net Income Growth (TTM) -30.39 % -4.28 % 50.41 % 48.34 % 45.9 %
Year on Year Net Income Growth Overall Ranking # 238 # 544 # 448 # 3 # 9
Seqeuential Net Income Change (TTM) -13.64 % -9.7 % -20.25 % 11.91 % 18.77 %
Seq. Net Income Growth (TTM) Overall Ranking # 414 # 453 # 1423 # 991 # 596




Cumulative Net Income growth Comment
Marathon Petroleum's cumulative 12 months Net Income continue to drop, but on the faster rate at -30.39% year on year, at Dec 31 2023 compare to the -4.28% decrease at Sep 30 2023. If the Marathon Petroleum's fiscal year would end at Dec 31 2023, annual Net Income would be $11,172 millions.

Among companies within the Energy sector 8 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 238, from total ranking in previous quarter at 544.

Net Income TTM Q/Q Growth Statistics
High Average Low
3870.16 %
66.05 %
-406.51 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 9
Overall # 238

Net Income TTM Y/Y Growth Statistics
High Average Low
3870.16 %
66.05 %
-406.51 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 15
S&P 500 # 414
Cumulative Net Income growth Comment
Marathon Petroleum's cumulative 12 months Net Income continue to drop, but on the faster rate at -30.39% year on year, at Dec 31 2023 compare to the -4.28% decrease at Sep 30 2023. If the Marathon Petroleum's fiscal year would end at Dec 31 2023, annual Net Income would be $11,172 millions.

Among companies within the Energy sector 8 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 238, from total ranking in previous quarter at 544.

Net Income TTM Q/Q Growth Statistics
High Average Low
3870.16 %
66.05 %
-406.51 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 9
Overall # 238

Net Income TTM Y/Y Growth Statistics
High Average Low
3870.16 %
66.05 %
-406.51 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 15
S&P 500 # 414




Other Net Income Growth
Oil & Gas Integrated Operations Industry Net Income Growth Trends and Statistics
Energy Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MPC's Net Income Growth Ratio versus Oil & Gas Integrated Operations Industry, Energy Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MPC's Competitors
Net Income Growth for Marathon Petroleum's Suppliers
Net Income Growth for MPC's Customers

You may also want to know
MPC's Annual Growth Rates MPC's Profitability Ratios MPC's Asset Turnover Ratio MPC's Dividend Growth
MPC's Roe MPC's Valuation Ratios MPC's Financial Strength Ratios MPC's Dividend Payout Ratio
MPC's Roa MPC's Inventory Turnover Ratio MPC's Growth Rates MPC's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Energy SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Diamondback Energy Inc -1.65%$ -1.654 millions
Helmerich and Payne inc -2.03%$ -2.030 millions
Sm Energy Co-4.39%$ -4.392 millions
Amplify Energy Corp -12.06%$ -12.063 millions
Eog Resources Inc -12.69%$ -12.692 millions
Berry Corporation bry -13.08%$ -13.080 millions
Viper Energy Inc -13.30%$ -13.295 millions
Hess Corporation-13.57%$ -13.574 millions
Pioneer Natural Resources Co-14.31%$ -14.315 millions
Consol Energy Inc -18.63%$ -18.625 millions
Alpha Metallurgical Resources Inc -20.24%$ -20.239 millions
Imperial Oil Limited-20.96%$ -20.961 millions
Marathon Oil Corporation-24.38%$ -24.381 millions
Matador Resources Company-26.33%$ -26.331 millions
Murphy Oil Corporation-36.67%$ -36.669 millions
Omega Flex Inc -37.09%$ -37.086 millions
Callon Petroleum Co-37.98%$ -37.983 millions
Exxon Mobil Corporation-38.63%$ -38.629 millions
Liberty Energy Inc -39.69%$ -39.690 millions
Phillips 66-41.08%$ -41.082 millions
Occidental Petroleum Corporation-41.25%$ -41.255 millions
Cvr Energy inc-43.60%$ -43.605 millions
Alliance Resource Partners Lp-45.77%$ -45.767 millions
Marathon Petroleum Corporation-48.45%$ -48.448 millions
Kimbell Royalty Partners lp-49.42%$ -49.421 millions
Rpc inc -53.73%$ -53.728 millions
Shell Plc-54.20%$ -54.201 millions
Magnolia Oil and Gas Corp-55.31%$ -55.309 millions
Cnx Resources Corporation-56.24%$ -56.241 millions
Coterra Energy Inc -59.69%$ -59.690 millions




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