secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001510295-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPC Q4 net income falls to $1.5B from $3.3B YoY; full-year net cash ops $14.1B
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- Q4 net income $1.5B ($3.84 diluted EPS) vs $3.3B ($7.09) in Q4 2022; adjusted EPS $3.98.
- Full-year 2023 net income $9.7B ($23.63 diluted EPS) vs $14.5B ($28.12) in 2022.
- Net cash from operations $14.1B; returned $12.8B to shareholders via buybacks and dividends.
- R&M segment adjusted EBITDA $2.2B in Q4 vs $4.6B YoY, driven by lower crack spreads.
- 2024 MPC standalone capex outlook $1.25B; MPLX capex $1.1B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000005/0001510295-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000005/mpc-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001510295-24-000005

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