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Marathon(MPC) - 2024 Q1 - Quarterly Results
MPCMarathon(MPC)2024-04-30 10:41

Exhibit 99.1 Marathon Petroleum Corp. Reports First-Quarter 2024 Results FINDLAY, Ohio, April 30, 2024 – Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of 937million,or937 million, or 2.58 per diluted share, for the first quarter of 2024. In the first quarter of 2024, the company recorded an 89millionchargeresultingfromthequarterlyfairvalueremeasurementofoutstandingperformancebasedstockcompensation.Thisreduceddilutedearningspershareby89 million charge resulting from the quarterly fair-value remeasurement of outstanding performance-based stock compensation. This reduced diluted earnings per share by 0.20. This compares to n ...