Marathon Petroleum (BSP:M1PC34) Tax Rate % : 17.82% (As of Dec. 2023)

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What is Marathon Petroleum Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Marathon Petroleum's Tax Expense for the three months ended in Dec. 2023 was R$1,994 Mil. Marathon Petroleum's Pre-Tax Income for the three months ended in Dec. 2023 was R$11,191 Mil. Therefore, Marathon Petroleum's Tax Rate % for the quarter that ended in Dec. 2023 was 17.82%.

Marathon Petroleum Tax Rate % Historical Data

The historical data trend for Marathon Petroleum's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marathon Petroleum Tax Rate % Chart

Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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24.25

17.85

9.37

21.94

20.14

Marathon Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															21.61	21.06	18.43	21.66	17.82

Marathon Petroleum Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Marathon Petroleum's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	13802.737	/	68543.302
	=	20.14 %

Marathon Petroleum's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	1994.219	/	11191.143
	=	17.82 %

Marathon Petroleum Tax Rate % Related Terms

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Marathon Petroleum (BSP:M1PC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (BSP:M1PC34) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MPC:USA MPC:Mexico MPN:Germany MPC:Austria

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

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