Operational Highlights
Dollars in millions, except where noted 2008 2007 2006 2005
Revenues $   77,193 $   64,552 $   64,896 $   62,986
Income from operations 7,023 6,640 8,967 5,242
Income from continuing operations 3,528 3,948 4,957 3,006
Net income 3,528 3,956 5,234 3,032
Per common share data (in dollars)(a)  
Income from continuing operations – basic $       4.97 $       5.72 $       6.92 $       4.22
Net income – basic $       4.97 $       5.73 $       7.31 $       4.26
Income from continuing operations – diluted $       4.95 $       5.68 $       6.87 $       4.19
Net income – diluted $       4.95 $       5.69 $       7.25 $       4.22
Dividends $       0.96 $       0.92 $       0.76 $       0.60
Average shares outstanding – diluted (in millions)(a) 713 695 722 718
Cash and cash equivalents(b) $     1,285 $     1,199 $     2,585 $     2,617
Long-term debt(b) 7,087 6,084 3,061 3,698
Stockholders' equity(b) 21,409 19,223 14,607 11,705
Total assets(b) 42,686 42,746 30,831 28,498
Net cash from operating activities (from continuing operations) 6,782 6,521 5,418 4,655
Capital expenditures(c) 7,146 4,466 3,478 2,890
Average daily net sales:(d)  
Exploration and Production Segment  
Liquid hydrocarbons (mbpd) 211 197 223 164
Natural gas (mmcfd)(e) 1,016 925 847 932
Barrels of oil equivalent (mboepd) 381 351 365 319
Oil Sands Mining Segment  
Synthetic crude oil (mbpd)(f) 32 4
Integrated Gas Segment  
Liquefied natural gas (mtpd) 6,285 3,310 1,026 1,068
Methanol (mtpd) 975 1,308 905 1,335
Annual net sales:(d)  
Exploration and Production Segment  
Liquid hydrocarbons (mmbbl) 77 72 82 60
Natural gas (bcf)(g) 372 338 309 340
Barrels of oil equivalent (mmboe) 139 128 134 117
Oil Sands Mining Segment  
Synthetic crude oil (mbbl) 11,517 1,543
Integrated Gas Segment  
Liquefied natural gas (thousand metric tonnes) 2,300 1,208 374 390
Methanol (thousand metric tonnes) 357 477 330 487
Net proved reserves:(b)  
Exploration and Production Segment  
Liquid hydrocarbons (mmbbl) 636 650 677 704
Natural gas (bcf) 3,351 3,450 3,510 3,547
Barrels of oil equivalent (mmboe) 1,195 1,225 1,262 1,295
Oil Sands Mining Segment  
Bitumen (mmbbl) 388 421
Refinery operations:(h)  
Refinery runs – crude oil refined (mbpd) 944 1,010 980 973
Refinery runs – other charge and blend stocks (mbpd) 207 214 234 205
Refined product sales:(h)(i)  
Volume excluding matching buy/sell transactions (mbpd) 1,352 1,410 1,401 1,378
Speedway SuperAmerica LLC:(h)  
Gasoline and distillate sales (million gallons) 3,215 3,356 3,301 3,226
Merchandise sales $    2,838 $    2,796 $    2,706 $    2,531
Number of retail marketing outlets:(h)  
Marathon Brand 4,577 4,444 4,166 4,003
Speedway SuperAmerica LLC 1,617 1,636 1,636 1,638
Number of employees(b) 30,360 29,524 28,195 27,756
 

(a) Share and per share information has been restated for the two-for-one stock split effected June 18, 2007, in the form of a stock dividend. (b) As of end of period presented. (c) Excludes acquisitions. (d) Excludes discontinued operations. (e) Includes natural gas acquired for injection and subsequent resale of 32, 47, 46 and 38 mmcfd in the years ended December 31, 2008, 2007, 2006 and 2005, respectively. (f) The oil sands mining operations were acquired October 18, 2007. Daily volumes for 2007 represent total volumes since the acquisition date over total days in the period. (g) Includes natural gas acquired for injection and subsequent resale of 12, 17, 17 and 14 bcf in the years ended December 31, 2008, 2007, 2006 and 2005, respectively. (h) Statistics include 100 percent of Marathon Petroleum Company LLC, formerly known as Marathon Ashland Petroleum LLC. (i) Total average daily volume of all refined product sales to wholesale, branded and retail (Speedway SuperAmerica LLC) customers.

 

bcf billion cubic feet   mbpd thousand barrels per day   mmcfd million cubic feet per day
mbbl thousand barrels   mmbbl million barrels   mtpd metric tonnes per day
mboepd
 
thousand barrels of oil equivalent
per day
  mmboe
 
million barrels of oil equivalent