Marathon Petroleum (MPC) FY2024 10-K Annual Report
Marathon Petroleum (MPC) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Marathon Petroleum FY2024 10-K Analysis
Business Overview
- • Core business model: Integrated petroleum refining, marketing, and transportation operations
- • No new products or business segments introduced or emphasized this year
- • Strategic emphasis on governance with updated MPC 2021 equity compensation plan revoking prior plans' granting authority
- • 19,422,757 shares available for issuance under MPC 2021 equity compensation plan as of December 31, 2024
- • Full disclosure of ethics codes and executive compensation incorporated by reference, no direct operational changes highlighted
Management Discussion & Analysis
- • No revenue or profitability data provided in the MD&A section excerpt
- • No segment financial performance data disclosed
- • Regulatory compliance costs expected; EPC and safety compliance expenditures expected to rise but not materially adverse
- • No cash flow, buyback, dividend, or capex figures disclosed
- • Management highlights evolving vehicle fuel standards, renewable fuel blending mandates, and increasing regulatory scrutiny on emissions and hazardous materials as key operational risks
Risk Factors
- • Cybersecurity risk oversight led by CISO with 30+ years oil and gas experience and support from CDO with 20+ years IT leadership since 2021
- • Dependency on senior cybersecurity leaders CDO and CISO for risk strategy and incident response, critical to operational continuity
- • Cyber Fusion Center includes Threat Intelligence, Vulnerability Management, and Incident Response, key to managing cyber threats
- • Board's Audit Committee receives minimum two cybersecurity briefings per year plus updates as needed for threat awareness
Marathon Petroleum FY2024 Key Financial MetricsXBRL
Revenue
$138.9B
▼ -6.4% YoY
Net Income
$3.4B
▼ -64.4% YoY
Operating Margin
4.9%
▼ -489bp YoY
Net Margin
2.5%
▼ -404bp YoY
ROE
19.4%
▼ -2026bp YoY
Total Assets
$78.9B
▼ -8.3% YoY
EPS (Diluted)
$10.08
▼ -57.3% YoY
Operating Cash Flow
$8.7B
▼ -38.6% YoY
Source: XBRL data from Marathon Petroleum FY2024 10-K filing on SEC EDGAR. All figures in USD.
Other Marathon Petroleum Annual Reports
Get deeper insights on Marathon Petroleum
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.