Financial Highlights
| Dollars in millions, except where noted |
2005 |
2004 |
|
2003 |
|
2002 |
|
| Revenues |
$ |
63,311 |
$ |
49,598 |
$ |
40,963 |
$ |
31,295 |
| Income from operations |
|
5,302 |
|
2,670 |
|
2,084 |
|
1,370 |
| Income from continuing operations |
|
3,051 |
|
1,257 |
|
1,012 |
|
5,07 |
| |
|
|
|
|
|
|
|
|
| Net income |
|
3,032 |
|
1,261 |
|
1,321 |
|
516 |
| Per common share data (in dollars) |
|
|
|
|
|
|
|
|
| Income from continuing operations – diluted |
$ |
8.49 |
$ |
3.72 |
$ |
3.26 |
$ |
1.63 |
| Net income – diluted |
$ |
8.44 |
$ |
3.73 |
$ |
4.26 |
$ |
1.66 |
| Dividends |
$ |
1.22 |
$ |
1.03 |
$ |
0.96 |
$ |
0.92 |
| Average common shares outstanding – diluted (in millions) |
|
359.1 |
|
338.3 |
|
310.3 |
|
310.0 |
| Long-term debt(a) |
$ |
3,698 |
$ |
4,057 |
$ |
4,085 |
$ |
4,410 |
| Stockholders’ equity(a) |
$ |
11,705 |
$ |
8,111 |
$ |
6,075 |
$ |
5,082 |
| Total assets(a) |
$ |
28,498 |
$ |
23,423 |
$ |
19,482 |
$ |
17,812 |
| |
|
|
|
|
|
|
|
|
Net cash from operating activities
(from continuing operations) |
$ |
4,738 |
$ |
3,766 |
$ |
2,682 |
$ |
2,331 |
| Capital expenditures(b) |
$ |
2,890 |
$ |
2,247 |
$ |
1,909 |
$ |
1,520 |
| Average daily net sales: |
|
|
|
|
|
|
| Liquid hydrocarbons (mbpd) |
|
191 |
|
170 |
|
194 |
|
207 |
| Natural gas (mmcfd) (c) |
|
932 |
|
999 |
|
1,170 |
|
1,230 |
| Barrels of oil equivalent (mboed) |
|
346 |
|
337 |
|
389 |
|
412 |
| Annual net sales: |
|
|
|
|
|
|
| Liquid hydrocarbons (mmbbl) |
|
70 |
|
62 |
|
71 |
|
76 |
| Natural gas (bcf)(d) |
|
340 |
|
366 |
|
427 |
|
449 |
| Barrels of oil equivalent (mmboe) |
|
127 |
|
123 |
|
142 |
|
150 |
| Net proved reserves: |
|
|
|
|
|
|
| Liquid hydrocarbons (mmbbl) |
|
704 |
|
560 |
|
578 |
|
720 |
| Natural gas (bcf) |
|
3,547 |
|
3,472 |
|
2,784 |
|
3,377 |
| Barrels of oil equivalent (mmboe) |
|
1,295 |
|
1,139 |
|
1,042 |
|
1,283 |
| Refinery operations:
(e) |
|
|
|
|
|
|
| Refinery runs – crude oil refined (mbpd) |
|
973 |
|
939 |
|
917 |
|
906 |
| Refinery runs – other charge & blend stocks (mbpd) |
|
205 |
|
171 |
|
138 |
|
148 |
| In-use crude oil capacity utilization rate |
|
102 |
% |
99 |
% |
98 |
% |
97% |
| Consolidated refined product sales:(e)(f) |
|
|
|
|
|
|
| Volume excluding matching buy/sell transactions (mbpd) |
|
1,378 |
|
1,329 |
|
1,293 |
|
1,247 |
| Speedway SuperAmerica LLC:(e) |
|
|
|
|
|
|
| Gasoline & distillate sales (million gallons) |
|
3,226 |
|
3,152 |
|
3,332 |
|
3,604 |
| Merchandise sales |
$ |
2,531 |
$ |
2,335 |
$ |
2,244 |
$ |
2,380 |
| Number of retail marketing outlets:(e) |
|
|
|
|
|
|
| Marathon brand |
|
4,003 |
|
3,912 |
|
3,885 |
|
3,822 |
| Speedway SuperAmerica LLC |
|
1,638 |
|
1,669 |
|
1,775 |
|
2,006 |
| Number of employees(a) |
27,756 |
25,804 |
|
27,007 |
|
28,166 |
(a) As of December 31.
(b) Excludes acquisitions.
(c) Includes natural gas acquired for injection and subsequent resale of 38, 19, 23 and 4 mmcfd in 2005, 2004, 2003 and 2002, respectively.
(d) Includes natural gas acquired for injection and subsequent resale of 14, 7, 9 and 2 bcf in 2005, 2004, 2003 and 2002, respectively.
(e) Statistics include 100% of Marathon Petroleum Company LLC, formerly known as Marathon Ashland Petroleum LLC.
(f) Total average daily volume of refined product sales to wholesale, branded and retail (Speedway SuperAmerica LLC) customers.
- bcf - billion cubic feet
- boe - barrels of oil equivalent
- bpd - barrels per day
- mboed - thousand barrels of oil equivalent per day
- mbpd - thousand barrels per day
- mmbbl - million barrels
- mmboe - million barrels of oil equivalent
- mmcf - million cubic feet
- mmcfd - million cubic feet per day
