Net Profit Margin
since 2011
Calculation
Marathon Petroleum Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to MPC1 | ÷ | Sales and other operating revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 6.52% | = | 100 | × | 9,681) | ÷ | 148,379) |
| Dec 31, 2022 | 8.18% | = | 100 | × | 14,516) | ÷ | 177,453) |
| Dec 31, 2021 | 8.12% | = | 100 | × | 9,738) | ÷ | 119,983) |
| Dec 31, 2020 | -14.08% | = | 100 | × | (9,826) | ÷ | 69,779) |
| Dec 31, 2019 | 2.13% | = | 100 | × | 2,637) | ÷ | 123,949) |
| Dec 31, 2018 | 2.88% | = | 100 | × | 2,780) | ÷ | 96,504) |
| Dec 31, 2017 | 4.59% | = | 100 | × | 3,432) | ÷ | 74,733) |
| Dec 31, 2016 | 1.85% | = | 100 | × | 1,174) | ÷ | 63,339) |
| Dec 31, 2015 | 3.96% | = | 100 | × | 2,852) | ÷ | 72,051) |
| Dec 31, 2014 | 2.58% | = | 100 | × | 2,524) | ÷ | 97,817) |
| Dec 31, 2013 | 2.11% | = | 100 | × | 2,112) | ÷ | 100,160) |
| Dec 31, 2012 | 4.12% | = | 100 | × | 3,389) | ÷ | 82,243) |
| Dec 31, 2011 | 3.04% | = | 100 | × | 2,389) | ÷ | 78,638) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 US$ in millions
Comparison to Competitors
Marathon Petroleum Corp., net profit margin, long-term trends, comparison to competitors
| Marathon Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 6.52% | 10.85% | 19.52% | 10.76% | 16.62% |
| Dec 31, 2022 | 8.18% | 15.05% | 23.80% | 13.98% | 36.32% |
| Dec 31, 2021 | 8.12% | 10.04% | 17.63% | 8.33% | 8.95% |
| Dec 31, 2020 | -14.08% | -5.87% | -14.38% | -12.57% | -83.28% |
| Dec 31, 2019 | 2.13% | 2.09% | 22.07% | 5.61% | -3.27% |
| Dec 31, 2018 | 2.88% | 9.33% | 17.18% | 7.46% | 23.18% |
| Dec 31, 2017 | 4.59% | 6.83% | -2.94% | 8.31% | 10.48% |
| Dec 31, 2016 | 1.85% | -0.45% | -15.26% | 3.59% | -5.69% |
| Dec 31, 2015 | 3.96% | 3.53% | -14.98% | 6.22% | -62.73% |
| Dec 31, 2014 | 2.58% | 9.60% | 13.08% | 8.25% | 3.19% |
| Dec 31, 2013 | 2.11% | 9.73% | 16.83% | 7.74% | 24.14% |
| Dec 31, 2012 | 4.12% | 11.35% | 14.54% | 9.90% | 19.02% |
| Dec 31, 2011 | 3.04% | 11.01% | 5.08% | 8.79% | 28.28% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Marathon Petroleum Corp., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Marathon Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2023 | 6.52% | 11.86% |
| Dec 31, 2022 | 8.18% | 16.44% |
| Dec 31, 2021 | 8.12% | 9.73% |
| Dec 31, 2020 | -14.08% | -14.70% |
| Dec 31, 2019 | 2.13% | 5.30% |
| Dec 31, 2018 | 2.88% | 9.35% |
| Dec 31, 2017 | 4.59% | 7.10% |
| Dec 31, 2016 | 1.85% | 0.87% |
| Dec 31, 2015 | 3.96% | 1.97% |
| Dec 31, 2014 | 2.58% | 8.89% |
| Dec 31, 2013 | 2.11% | 9.59% |
| Dec 31, 2012 | 4.12% | 10.98% |
| Dec 31, 2011 | 3.04% | 8.89% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Industry (Energy)
Marathon Petroleum Corp., net profit margin, long-term trends, comparison to industry (energy)
| Marathon Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2023 | 6.52% | 11.90% |
| Dec 31, 2022 | 8.18% | 16.28% |
| Dec 31, 2021 | 8.12% | 9.67% |
| Dec 31, 2020 | -14.08% | -16.81% |
| Dec 31, 2019 | 2.13% | 2.84% |
| Dec 31, 2018 | 2.88% | 9.17% |
| Dec 31, 2017 | 4.59% | 6.28% |
| Dec 31, 2016 | 1.85% | 0.38% |
| Dec 31, 2015 | 3.96% | 2.26% |
| Dec 31, 2014 | 2.58% | 9.05% |
| Dec 31, 2013 | 2.11% | 9.91% |
| Dec 31, 2012 | 4.12% | 11.09% |
| Dec 31, 2011 | 3.04% | 9.04% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).