Marathon Petroleum Corp Income Tax Expense 2009-2026 | MPC
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is Marathon Petroleum Corp's current income tax expense?
Marathon Petroleum Corp (MPC) annual income tax expense for 2025 was $1.14B, a 27.75% increase from 2024. Marathon Petroleum Corp income tax expense for the quarter ending March 31, 2026 was $183.0M.
What was Marathon Petroleum Corp's income tax expense in 2024?
Marathon Petroleum Corp annual income tax expense for 2024 was $890.0M, a 68.41% decline from 2023.
What was Marathon Petroleum Corp's income tax expense in 2023?
Marathon Petroleum Corp annual income tax expense for 2023 was $2.82B, a 37.27% decline from 2022.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGRN/A
FY2020
$-2.43B
→
FY2025
$1.14B
0910111213141516171819202122232425
5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $1.14B | +27.8% | 10-K |
| FY2024 | $890.0M | -68.4% | 10-K |
| FY2023 | $2.82B | -37.3% | 10-K |
| FY2022 | $4.49B | +1601.1% | 10-K |
| FY2021 | $264.0M | +110.9% | 10-K |
| FY2020 | $-2.43B | -409.9% | 10-K |
| FY2019 | $784.0M | +2.6% | 10-K |
| FY2018 | $764.0M | +266.1% | 10-K |
| FY2017 | $-460.0M | -175.5% | 10-K |
| FY2016 | $609.0M | -59.6% | 10-K |
| FY2015 | $1.51B | +17.7% | 10-K |
| FY2014 | $1.28B | +15.0% | 10-K |
| FY2013 | $1.11B | -39.7% | 10-K |
| FY2012 | $1.84B | +38.7% | 10-K |
| FY2011 | $1.33B | +232.5% | 10-K |
| FY2010 | $400.0M | +69.5% | 10-K |
| FY2009 | $236.0M | - | 10-K |
Company: Marathon Petroleum CorpTicker: MPCSector: EnergyIndustry: Petroleum RefiningView company profile →