Marathon petroleum corp. reports fourth-quarter 2021 results

Findlay, ohio, feb. 2, 2022 /prnewswire/ -- reported fourth-quarter net income of $774 million , or $1.27 per diluted share; reported adjusted net income of $794 million, or $1.30 per diluted share returned approximately $3 billion of capital through share repurchases since oct 31; completed approximately 55% of $10 billion repurchase program through jan 31; announced an incremental $5 billion repurchase authorization announced 2022 mpc standalone capital spending outlook of $1.7 billion; approximately 50% of growth capital for martinez refinery conversion martinez renewable fuels project total cost of $1.2 billion; approximately $300 million spent to date, $700 million for 2022, and $200 million for 2023 marathon petroleum corp. (nyse: mpc) today reported net income of $774 million, or $1.27 per diluted share, for the fourth quarter of 2021, compared with net income of $285 million, or $0.44 per diluted share, for the fourth quarter of 2020. adjusted net income was $794 million, or $1.30 per diluted share, for the fourth quarter of 2021.
MPC Ratings Summary
MPC Quant Ranking