Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Adjusted EBITDA

(Millions of dollars)	2022		2021		2020
Segment adjusted EBITDA for reportable segments
Refining & Marketing	19,261		$	3,518	$	(1,939)
Midstream	5,772		5,410		5,061
Total reportable segments	$	25,033	$	8,928	$	3,122
Reconciliation of segment adjusted EBITDA for reportable segments to income (loss) from continuing operations before income taxes
Total reportable segments	$	25,033	$	8,928	$	3,122
Corporate	(698)		(587)		(635)
Refining planned turnaround costs	(1,122)		(582)		(832)
Storm impacts	—		(70)		—
LIFO inventory (charge) credit	148		—		(561)
Gain on sale of assets(a)	1,058		—		66
Renewable volume obligation requirements(b)	238		—		—
Litigation	27		—		84
Impairments(c)	—		(13)		(9,741)
Idling facility expenses	—		(12)		—
Restructuring expenses(d)	—		—		(367)
Transaction related costs(e)	—		—		(8)
Depreciation and amortization	(3,215)		(3,364)		(3,375)
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)

(a)2022 includes the non-cash gain related to the contribution of assets by MPC on the formation of the Martinez Renewables joint venture and the non-cash gain on lease reclassification. See Note 16 and 28 for additional information.

(b)Represents retroactive changes in renewable volume obligation requirements published by the EPA in June 2022 for the 2020 and 2021 annual obligations.

(c)2021 reflects impairments of equity method investments. 2020 reflects impairments of goodwill, equity method investments and long lived assets. See Note 7.

(d)See Note 19.

(e)2020 includes costs incurred in connection with the Midstream strategic review and other related efforts. Costs incurred in connection with the Speedway separation are included in discontinued operations. See Note 5.

Reconciliation of Revenue from Segments to Consolidated

(Millions of dollars)	2022		2021		2020
Sales and other operating revenues
Refining & Marketing
Revenues from external customers(a)	$	172,087	$	115,350	$	66,180
Intersegment revenues	118		144		67
Refining & Marketing segment revenues	172,205		115,494		66,247
Midstream
Revenues from external customers(a)	5,366		4,633		3,599
Intersegment revenues	5,224		4,986		4,839
Midstream segment revenues	10,590		9,619		8,438
Total segment revenues	182,795		125,113		74,685
Less: intersegment revenues	5,342		5,130		4,906
Consolidated sales and other operating revenues	$	177,453	$	119,983	$	69,779

(a)Includes Refining & Marketing intercompany sales to Speedway prior to May 14, 2021 and related party sales. See Notes 5 and 9 for additional information.

Other Significant Reconciling Items from Segments to Consolidated

(Millions of dollars)	2022		2021		2020
Income (loss) from equity method investments
Refining & Marketing	$	31	$	59	$	2
Midstream	624		412		378
Corporate(a)	—		(13)		(1,315)
Consolidated income (loss) from equity method investments	$	655	$	458	$	(935)
Depreciation and amortization
Refining & Marketing	$	1,850	$	1,870	$	1,857
Midstream	1,310		1,329		1,353
Corporate(b)	55		165		165
Consolidated depreciation and amortization	$	3,215	$	3,364	$	3,375
Capital expenditures
Refining & Marketing	$	1,508	$	911	$	1,170
Midstream	1,069		731		1,398
Segment capital expenditures and investments	2,577		1,642		2,568
Less investments in equity method investees	405		210		485
Plus:
Corporate	108		105		80
Capitalized interest	103		68		106
Consolidated capital expenditures(c)	$	2,383	$	1,605	$	2,269

(a)    Impairment of equity method investment. See Note 7.

(b)    2021 includes an impairment of $56 million. See Note 7.

(c)    Includes changes in capital expenditure accruals. See Note 24 for a reconciliation of total capital expenditures to additions to property, plant and equipment as reported in the consolidated statements of cash flows.