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Marathon Petroleum (MPC) Change in Taxes (2019 - 2023)

Marathon Petroleum (MPC) has disclosed Change in Taxes for 5 consecutive years, with $319.0 million as the latest value for Q4 2023.

  • Quarterly Change in Taxes fell 22.76% to $319.0 million in Q4 2023 from the year-ago period, while the trailing twelve-month figure was -$135.0 million through Dec 2023, down 124.32% year-over-year, with the annual reading at -$135.0 million for FY2023, 124.32% down from the prior year.
  • Change in Taxes hit $319.0 million in Q4 2023 for Marathon Petroleum, up from -$408.0 million in the prior quarter.
  • In the past five years, Change in Taxes ranged from a high of $1.3 billion in Q1 2020 to a low of -$1.6 billion in Q4 2021.
  • Historically, Change in Taxes has averaged $24.8 million across 5 years, with a median of $28.0 million in 2020.
  • Biggest five-year swings in Change in Taxes: surged 6926.32% in 2020 and later tumbled 3776.92% in 2023.
  • Year by year, Change in Taxes stood at $107.0 million in 2019, then surged by 493.46% to $635.0 million in 2020, then tumbled by 344.72% to -$1.6 billion in 2021, then surged by 126.58% to $413.0 million in 2022, then fell by 22.76% to $319.0 million in 2023.
  • Business Quant data shows Change in Taxes for MPC at $319.0 million in Q4 2023, -$408.0 million in Q3 2023, and $432.0 million in Q2 2023.