1、2024 ANNUAL REPORTMARATHON PETROLEUM CORPORATIONTABLE OF CONTENTS146781213CEO LETTEROPERATIONS OVERVIEWCORE VALUESFINANCIAL HIGHLIGHTSSUSTAINABILITYBOARD OF DIRECTORSLEADERSHIP TEAMOn the cover:Board Operator Andrew Chifici at our Garyville,Louisiana,refineryFellow Shareholders,Throughout 2024,Marat
2、hon Petroleum Corporation(MPC)executed on our strategic commitments to deliver a successful year,remaining steadfast in our commitment to safely operate our assets and protect the health and safety of our employees and communities.In a market environment that became increasingly volatile as the year
3、 progressed,we generated$8.7 billion of net cash from operations,which enabled peer-leading capital return of$10.2 billion and a 23%capital return yield for our shareholders.Our commitments to operational excellence,commercial performance,and peer-leading profitability per barrel in each of the regi
4、ons where we operate drove our strong results,with 92%refining utilization and 99%commercial capture for the full year.Execution of our Midstream strategy delivered segment adjusted EBITDA growth of 6%year over year.Over the last four years,on average,we have grown our Midstream segment adjusted EBI
5、TDA by almost 7%per year.Foundational to our results,we achieved our lowest companywide OSHA recordable injury rate and strongest environmental performance in the last five years,demonstrating our commitment to safe and reliable operations.We also advanced environmental efforts,achieving a Midstream
6、 industry first for energy efficiency and making significant progress toward our methane emissions reduction target.Over the past year,we continued to position MPC to deliver peer-leading financial performance irrespective of the market environment.While maintaining safe and reliable operations,we h