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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues and other income:    
Sales and other operating revenues (including consumer excise taxes) $ 12,755 $ 17,191
Income from equity method investments 22 15
Net gain on disposal of assets 25 5
Other income 28 29
Total revenues and other income 12,830 17,240
Costs and expenses:    
Cost of revenues (excludes items below) 9,701 13,044
Purchases from related parties 107 76
Inventory market valuation charge 15 0
Consumer excise taxes 1,826 1,832
Impairment expense 129 0
Depreciation and amortization 490 363
Selling, general and administrative expenses 378 358
Other taxes 109 97
Total costs and expenses 12,755 15,770
Income from operations 75 1,470
Net interest and other financial income (costs) (142) (81)
Income (loss) before income taxes (67) 1,389
Provision for income taxes 11 486
Net income (loss) (78) 903
Less net income (loss) attributable to noncontrolling interests (79) 12
Net income attributable to MPC $ 1 $ 891
Basic:    
Net income attributable to MPC per share $ 0.003 $ 1.63
Weighted average shares outstanding (in shares) 529 545
Diluted:    
Net income attributable to MPC per share $ 0.003 $ 1.62
Weighted average shares outstanding (in shares) 531 549
Dividends paid (in USD per share) $ 0.32 $ 0.25