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Jun 30, 2022

Marathon Petroleum Q2 2022 Earnings Report

Reported net income of $5.9 billion and adjusted EBITDA of $9.1 billion, driven by strong market demand and high refining system utilization.

Key Takeaways

Marathon Petroleum Corp. reported a net income attributable to MPC of $5.9 billion, or $10.95 per diluted share, for the second quarter of 2022. Adjusted EBITDA was $9.1 billion, driven by higher margins and throughput in all regions.

Net income attributable to MPC of $5.9 billion, or $10.95 per diluted share; reported adjusted net income of $5.7 billion, or $10.61 per diluted share

Adjusted EBITDA of $9.1 billion, as the refining system ran at full utilization to meet demand

Maintaining focus on low-cost culture and improving commercial performance

Published annual Sustainability and Climate Perspectives reports, demonstrating continued progress toward goals

Total Revenue
$54.2B
Previous year: $29.8B
+81.8%
EPS
$10.6
Previous year: $0.67
+1483.6%
Refined Product Sales Volume
3.62K
Gross Profit
$10B
Previous year: $2.56B
+292.3%
Cash and Equivalents
$9.08B
Previous year: $11.8B
-23.3%
Free Cash Flow
$6.45B
Previous year: $1.08B
+498.7%
Total Assets
$32.7B
Previous year: $35.7B
-8.5%

Marathon Petroleum

Marathon Petroleum

Marathon Petroleum Revenue by Segment

Forward Guidance

Third Quarter 2022 Outlook

Revenue & Expenses

Visualization of income flow from segment revenue to net income