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Mar 31, 2023
Marathon Petroleum Q1 2023 Earnings Report
Marathon Petroleum's Q1 2023 results reflected strong operational and commercial execution, with significant returns to shareholders and advancements in strategic projects.
Key Takeaways
Marathon Petroleum Corp. reported a net income attributable to MPC of $2.7 billion, or $6.09 per diluted share, for the first quarter of 2023. The company generated $4.1 billion of net cash provided by operating activities and returned $3.5 billion to shareholders through share repurchases and dividends. The Galveston Bay STAR project commenced operations, and the Martinez Renewable Fuels facility progressed into Phase II.
Net income attributable to MPC was $2.7 billion, or $6.09 per diluted share.
Adjusted EBITDA reached $5.2 billion.
Net cash provided by operating activities totaled $4.1 billion.
Returned $3.5 billion of capital to shareholders through share repurchases and dividends.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Second Quarter 2023 Outlook
Historical Earnings Impact
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Avg. Return Before/After Earnings
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