Marathon Petroleum Q4 net income $3.3B ($7.09 EPS); full-year cash $16.4B, returned $13.2B

Marathon Petroleum Corp

2022-FY EPS reported $28.12 revenue$177,453,000,000

Q4 net income $3.3B ($7.09 diluted EPS) vs $774M ($1.27) a year ago; adjusted net income $3.1B ($6.65).
Full-year 2022 net income $14.5B ($28.12) vs $9.7B ($15.24) in 2021; adjusted net income $13.5B ($26.16).
Returned $13.2B to shareholders: $11.9B share repurchases, $1.3B dividends. Board approved incremental $5B buyback authorization.
2023 capex outlook $1.3B; ~40% of growth capital for low carbon. Martinez Renewable Fuels Phase I on track for Q1 2023.
R&M segment Q4 adjusted EBITDA $4.6B vs $1.5B; margin $28.82/barrel. Midstream segment EBITDA stable at $1.4B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marathon Petroleum Corp reported full year 2022 results: net income $14.5 billion, EPS $28.12 per diluted share.

Period: full year 2022
Net income: $14.5 billion
EPS: $28.12 per diluted share
Result: reported results

Exact text from the filing

For the full year 2022, net income attributable to MPC was $14.5 billion, or $28.12 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marathon Petroleum Corp reported fourth quarter of 2022 results: net income $3.3 billion, EPS $7.09 per diluted share.

Period: fourth quarter of 2022
Net income: $3.3 billion
EPS: $7.09 per diluted share
Result: reported results

Exact text from the filing

Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $3.3 billion, or $7.09 per diluted share, for the fourth quarter of 2022

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Source: SEC EDGAR

accession 0001510295-23-000005

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