• Marathon Petroleum average return on tangible equity for 2023 was 51.69, a 10.8% decline from 2022.
• Marathon Petroleum average return on tangible equity for 2022 was 46.65, a 72.59% increase from 2021.
• Marathon Petroleum average return on tangible equity for 2021 was 27.03, a 166.94% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.