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Marathon Petroleum (MEX:MPC) Retained Earnings : MXN724,032 Mil (As of Sep. 2024)


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What is Marathon Petroleum Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Marathon Petroleum's retained earnings for the quarter that ended in Sep. 2024 was MXN724,032 Mil.

Marathon Petroleum's quarterly retained earnings increased from Mar. 2024 (MXN584,172 Mil) to Jun. 2024 (MXN667,273 Mil) and increased from Jun. 2024 (MXN667,273 Mil) to Sep. 2024 (MXN724,032 Mil).

Marathon Petroleum's annual retained earnings increased from Dec. 2021 (MXN264,733 Mil) to Dec. 2022 (MXN509,664 Mil) and increased from Dec. 2022 (MXN509,664 Mil) to Dec. 2023 (MXN586,664 Mil).


Marathon Petroleum Retained Earnings Historical Data

The historical data trend for Marathon Petroleum's Retained Earnings 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.

* Premium members only.

Marathon Petroleum Retained Earnings Chart

Marathon Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 301,571.40 92,497.80 264,733.17 509,664.43 586,663.96

Marathon Petroleum Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 582,209.21 586,663.96 584,171.58 667,273.11 724,032.02

Marathon Petroleum Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Marathon Petroleum  (MEX:MPC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Marathon Petroleum Business Description

Address
539 South Main Street, Findlay, OH, USA, 45840-3229
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 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility has the ability to produce 730 million gallons a year of renewable diesel. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.