Overview Financials News + Filings Key Docs Charts Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Refining | 112,725.0 | 75,096.0 | 42,181.0 | 76,792.0 | 83,140.0 | 65,494.0 | 52,068.0 | 63,470.0 |
| Marketing and Specialties | | 75,583.0 | | 73,616.0 | | | | 74,591.0 |
| Corporate and Other | 34.0 | 32.0 | 30.0 | 28.0 | 27.0 | 29.0 | 32.0 | 30.0 |
| Chemicals | | 3.0 | 3.0 | 3.0 | 5.0 | 5.0 | 5.0 | 5.0 |
| Other | 62,943.0 | | 23,280.0 | | 31,045.0 | 39,094.0 | 33,672.0 | |
| Total revenues | 175,702.0 | 114,852.0 | 65,494.0 | 109,559.0 | 114,217.0 | 104,622.0 | 85,777.0 | 100,949.0 |
| Revenue growth [+] | 53.0% | 75.4% | -40.2% | -4.1% | 9.2% | 22.0% | -15.0% | -38.5% |
| Refining | 50.1% | 78.0% | -45.1% | -7.6% | 26.9% | 25.8% | -18.0% | -45.0% |
| Marketing and Specialties | | | | | | | | -32.5% |
| Corporate and Other | 6.3% | 6.7% | 7.1% | 3.7% | -6.9% | -9.4% | 6.7% | -6.3% |
| Chemicals | | 0.0% | 0.0% | -40.0% | 0.0% | 0.0% | 0.0% | -28.6% |
| Midstream | | 100.1% | | | | | 15.0% | -40.9% |
| Cost of goods sold [+] | 156,043.0 | 107,249.0 | 62,270.0 | 100,603.0 | 102,810.0 | 84,108.0 | 66,743.0 | 77,693.0 |
| Excise and sales taxes | | | | | | 13,054.0 | 13,381.0 | 13,780.0 |
| Oil & gas costs | | | | | | | | 73,399.0 |
| Other direct costs | 6,111.0 | 5,147.0 | 4,563.0 | 5,074.0 | 4,880.0 | 4,699.0 | 4,275.0 | 4,294.0 |
| Gross profit | 19,659.0 | 7,603.0 | 3,224.0 | 8,956.0 | 11,407.0 | 20,514.0 | 19,034.0 | 23,256.0 |
| Gross margin | 11.2% | 6.6% | 4.9% | 8.2% | 10.0% | 19.6% | 22.2% | 23.0% |
| Selling, general and administrative [+] | 2,698.0 | 2,154.0 | 2,008.0 | 2,090.0 | 2,102.0 | 15,157.0 | 15,326.0 | 15,747.0 |
| Sales and marketing | 2,168.0 | 1,744.0 | 1,544.0 | 1,681.0 | 1,677.0 | 1,695.0 | 1,638.0 | 1,670.0 |
| General and administrative | 530.0 | 410.0 | 464.0 | 409.0 | 425.0 | 13,462.0 | 13,688.0 | 14,077.0 |
| Other selling, general and administrative | 2,168.0 | 1,744.0 | 1,544.0 | 1,681.0 | 1,677.0 | 1,695.0 | 1,638.0 | 1,670.0 |
| Equity in earnings | 2,968.0 | 2,904.0 | 1,191.0 | 2,127.0 | 2,676.0 | 1,732.0 | 1,414.0 | 1,573.0 |
| Other operating expenses | 254.0 | 2,474.0 | 1,147.0 | 2,031.0 | 2,638.0 | 1,233.0 | 1,435.0 | 1,594.0 |
| EBITDA [+] | 19,675.0 | 5,879.0 | 1,260.0 | 6,962.0 | 9,343.0 | 5,856.0 | 3,687.0 | 7,488.0 |
| EBITDA growth | 234.7% | 366.6% | -81.9% | -25.5% | 59.5% | 58.8% | -50.8% | 4.2% |
| EBITDA margin | 11.2% | 5.1% | 1.9% | 6.4% | 8.2% | 5.6% | 4.3% | 7.4% |
| Depreciation | 1,602.0 | 1,579.0 | 1,368.0 | 1,324.0 | 1,342.0 | 1,297.0 | 1,150.0 | 1,065.0 |
| EBITA | 18,073.0 | 4,300.0 | -108.0 | 5,638.0 | 8,001.0 | 4,559.0 | 2,537.0 | 6,423.0 |
| EBITA margin | 10.3% | 3.7% | -0.2% | 5.1% | 7.0% | 4.4% | 3.0% | 6.4% |
| Amortization of intangibles | 27.0 | 26.0 | 27.0 | 17.0 | 14.0 | 21.0 | 18.0 | 13.0 |
| EBIT [+] | 18,046.0 | 4,274.0 | -135.0 | 5,621.0 | 7,987.0 | 4,538.0 | 2,519.0 | 6,410.0 |
| EBIT growth | 322.2% | -3265.9% | -102.4% | -29.6% | 76.0% | 80.2% | -60.7% | 3.6% |
| EBIT margin | 10.3% | 3.7% | -0.2% | 5.1% | 7.0% | 4.3% | 2.9% | 6.3% |
| Non-recurring items [+] | 60.0 | 1,498.0 | 4,252.0 | 861.0 | 8.0 | 24.0 | 5.0 | 7.0 |
| Asset impairment | 60.0 | 1,498.0 | 4,252.0 | 861.0 | 8.0 | 24.0 | 5.0 | 7.0 |
| Interest expense, net [+] | 537.0 | 570.0 | 485.0 | 415.0 | 459.0 | 407.0 | 320.0 | 283.0 |
| Interest expense | 619.0 | 581.0 | 499.0 | 458.0 | 504.0 | 438.0 | 338.0 | 310.0 |
| Interest income | 82.0 | 11.0 | 14.0 | 43.0 | 45.0 | 31.0 | 18.0 | 27.0 |
| Other income (expense), net [+] | -2,810.0 | -466.0 | -92.0 | -167.0 | -75.0 | -552.0 | -3.0 | -76.0 |
| Gain (loss) on foreign currency transactions | -9.0 | 1.0 | 12.0 | 5.0 | -31.0 | | -15.0 | 49.0 |
| Other | -2,737.0 | -454.0 | -66.0 | -119.0 | -61.0 | -521.0 | | |
| Pre-tax income | 14,639.0 | 1,740.0 | -4,964.0 | 4,178.0 | 7,445.0 | 3,555.0 | 2,191.0 | 6,044.0 |
| Income taxes | 3,248.0 | 146.0 | -1,250.0 | 801.0 | 1,572.0 | -1,693.0 | 547.0 | 1,764.0 |
| Tax rate | 22.2% | 8.4% | 25.2% | 19.2% | 21.1% | | 25.0% | 29.2% |
| Minority interest | 367.0 | 277.0 | 261.0 | 301.0 | 278.0 | 142.0 | 89.0 | 53.0 |
| Net income | 11,024.0 | 1,317.0 | -3,975.0 | 3,076.0 | 5,595.0 | 5,106.0 | 2,102.0 | 5,991.0 |
| Net margin | 6.3% | 1.1% | -6.1% | 2.8% | 4.9% | 4.9% | 2.5% | 5.9% |
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| Basic EPS [+] | $23.38 | $2.99 | ($9.04) | $6.81 | $11.89 | $9.91 | $3.98 | $11.05 |
| Growth | 681.2% | -133.1% | -232.7% | -42.7% | 19.9% | 148.8% | -63.9% | 54.1% |
| Diluted EPS [+] | $23.27 | $2.99 | ($9.04) | $6.78 | $11.80 | $9.85 | $3.97 | $10.95 |
| Growth | 678.1% | -133.1% | -233.4% | -42.6% | 19.9% | 148.3% | -63.8% | 54.3% |
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| Dividends per share [+] | $3.80 | $3.60 | $3.58 | $3.48 | $3.05 | $2.71 | $2.43 | $2.18 |
| Growth | 5.6% | 0.5% | 3.0% | 14.0% | 12.6% | 11.4% | 11.5% | 15.3% |
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| Shares outstanding (basic) [+] | 471.5 | 440.0 | 439.5 | 451.4 | 470.7 | 515.1 | 527.5 | 542.4 |
| Growth | 7.2% | 0.1% | -2.6% | -4.1% | -8.6% | -2.4% | -2.7% | -4.2% |
| Shares outstanding (diluted) [+] | 473.7 | 440.4 | 439.5 | 453.9 | 474.0 | 518.5 | 530.1 | 547.0 |
| Growth | 7.6% | 0.2% | -3.2% | -4.3% | -8.6% | -2.2% | -3.1% | -4.3% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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