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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues and other income:      
Sales and other operating revenues $ 177,453 $ 119,983 $ 69,779
Income (loss) from equity method investments 655 458 (935) [1]
Net gain on disposal of assets 1,061 21 70
Other income 783 468 118
Revenues and other income 179,952 120,930 69,032
Costs and expenses:      
Cost of revenues (excludes items below) 151,671 110,008 65,733
Impairment expense 0 0 8,426
Depreciation and amortization 3,215 3,364 3,375
Selling, general and administrative expenses 2,772 2,537 2,710
Restructuring expenses 0 0 367 [2]
Other taxes 825 721 668
Total costs and expenses 158,483 116,630 81,279
Income (loss) from continuing operations 21,469 4,300 (12,247)
Net interest and other financial costs 1,000 1,483 1,365
Income (loss) from continuing operations before income taxes 20,469 2,817 (13,612)
Provision (benefit) for income taxes on continuing operations 4,491 264 (2,430)
Income (loss) from continuing operations, net of tax 15,978 2,553 (11,182)
Income from discontinued operations, net of tax 72 8,448 1,205
Net income (loss) 16,050 11,001 (9,977)
Less net income (loss) attributable to:      
Redeemable noncontrolling interest 88 100 81
Noncontrolling interests 1,446 1,163 (232)
Net income (loss) attributable to MPC $ 14,516 $ 9,738 $ (9,826)
Basic:      
Continuing operations $ 28.17 $ 2.03 $ (16.99)
Discontinued operations 0.14 13.31 1.86
Net income (loss) per share $ 28.31 $ 15.34 $ (15.13)
Weighted average shares outstanding 512 634 649
Diluted:      
Continuing operations $ 27.98 $ 2.02 $ (16.99)
Discontinued operations 0.14 13.22 1.86
Net income (loss) per share $ 28.12 $ 15.24 $ (15.13)
Weighted average shares outstanding 516 638 649
[1] 2020 includes impairment expense. See Note 7 for further information.
[2] See Note 19.