Marathon Petroleum Corp

Listed Company

MPCCIK 0001510295NYSELarge AcceleratedPetroleum RefiningDelawareFY ends Dec 31

Period

FY 2025

Revenue

$132.70B

Net Income

$4.05B

Total Assets

$83.95B

Equity

$17.31B

Shares Out

291.94M

Op. Cash Flow

$8.25B

MPC$312.63+79.45% · past yearDBEQ Basic

Daily closing prices

Business

Marathon Petroleum Corp is a leading integrated downstream and midstream energy company operating one of the nation's largest refining systems with approximately 3.0 million barrels per day of crude oil refining capacity across three geographic regions. The company refines crude oil into transportation fuels, distillates, and other products; operates midstream logistics including pipelines, terminals, and barges through its sponsored MLP (MPLX); and produces renewable diesel from feedstocks. MPC distributes refined products through wholesale channels, branded independent jobbers, direct dealers, and international markets, while also gathering, processing and marketing natural gas and NGLs through its midstream segment.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales and other operating revenues	132,699	138,864	148,379	177,453	119,983
Income from equity method investments	1,622	1,048	742	655	458
Net gain on disposal of assets	173	28	217	1,061	21
Other income	728	472	969	783	468
Revenues And Other Income	135,222	140,412	150,307	179,952	120,930
Cost of revenues (excludes items below)	119,446	126,240	128,566	151,671	110,008
Depreciation and amortization	3,251	3,337	3,307	3,215	3,364
Selling, general and administrative expenses	3,349	3,221	3,039	2,772	2,537
Other taxes	885	818	881	825	721
Total costs and expenses	126,931	133,616	135,793	158,483	116,630
Income from operations	8,291	6,796	14,514	21,469	4,300
Net interest and other financial costs	1,276	839	525	1,000	1,483
Income before income taxes	7,015	5,957	13,989	20,469	2,817
Provision for income taxes	1,137	890	2,817	4,491	264
Net income	5,878	5,067	11,172	16,050	11,001
Redeemable noncontrolling interest	0	27	94	88	100
Noncontrolling interests	1,831	1,595	1,397	1,446	1,163
Net income attributable to MPC	4,047	3,445	9,681	14,516	9,738
Net income attributable to MPC per share, basic	13.24	10.11	23.73	28.31	15.34
Weighted Average Number of Shares Outstanding, Basic	305	340	407	512	634
Net income attributable to MPC per share, diluted	13.22	10.08	23.63	28.12	15.24
Weighted Average Number of Shares Outstanding, Diluted	306	341	409	516	638

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3,672	3,210	5,443	8,625	5,291
Receivables, less allowance for expected credit loss of $20 and $73, respectively	10,317	11,145	12,187	13,477	11,034
Inventories	10,129	9,568	9,317	8,827	8,055
Other current assets	662	524	403	1,168	568
Total current assets	24,780	24,447	32,131	35,242	30,496
Equity method investments	6,795	6,857	6,260	6,466	5,409
Property, plant and equipment, net	37,397	35,028	35,112	35,657	37,440
Goodwill	9,350	8,244	8,244	8,244	8,256
Intangibles, net	2,714	1,774	—	—	—
Right of use assets, net	1,493	1,300	1,233	1,214	1,372
Other noncurrent assets	1,422	1,208	3,007	3,081	2,400
Total assets	83,955	78,858	85,987	89,904	85,373
Accounts payable	12,974	13,906	13,761	15,312	13,700
Payroll and benefits payable	1,107	1,096	1,115	967	911
Accrued taxes	1,484	1,204	1,221	1,140	1,231
Debt due within one year	2,371	3,049	1,954	1,066	571
Operating lease liabilities	489	417	454	368	438
Other current liabilities	1,253	1,155	1,645	1,167	1,047
Total current liabilities	19,678	20,827	20,150	20,020	17,898
Long-term debt	30,505	24,432	25,329	25,634	24,968
Deferred income taxes	5,984	5,771	5,834	5,904	5,638
Defined benefit postretirement plan obligations	1,173	1,157	1,102	1,114	1,015
Long-term operating lease liabilities	993	860	764	841	927
Deferred credits and other liabilities	1,536	1,305	1,409	1,304	1,346
Total liabilities	59,869	54,352	54,588	54,817	51,792
Commitments and contingencies (see Note 27)	—	—	—	—	—
Redeemable noncontrolling interest	0	203	895	968	965
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized)	0	0	0	0	0
Issued 994 million and 994 million shares (par value $0.01 per share, 2 billion shares authorized)	10	10	10	10	10
Held in treasury, at cost 699 million and 678 million shares	−56,027	−52,623	−43,502	−31,841	−19,904
Additional paid-in capital	33,685	33,624	33,465	33,402	33,262
Retained earnings	39,751	36,848	34,562	26,142	12,905
Accumulated other comprehensive loss	−105	−114	−131	2	−67
Total MPC stockholders equity	17,314	17,745	24,404	27,715	26,206
Noncontrolling interests	6,772	6,558	6,100	6,404	6,410
Total equity	24,086	24,303	30,504	34,119	32,616
Total liabilities, redeemable noncontrolling interest and equity	83,955	78,858	85,987	89,904	85,373

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred financing costs and debt discount	39	−31	−78	50	79
Pension and other postretirement benefits, net	16	59	−191	172	−499
Deferred income taxes	282	−124	−28	290	−169
Distributions from equity method investments	1,255	1,215	941	772	652
Changes in the fair value of derivative instruments	−16	71	70	−147	16
Current receivables	890	1,117	2,109	−2,858	−5,299
Inventories	−596	−270	−489	−787	−33
Current liabilities and other current assets	−776	−438	−1,318	1,972	6,260
Right of use assets and operating lease liabilities, net	13	−10	−7	0	3
All other, net	−188	−252	−412	−622	−153
Net cash provided by operating activities	8,253	8,665	14,117	16,361	4,360
Additions to property, plant and equipment	−3,486	−2,533	−1,890	−2,420	−1,464
Acquisitions, net of cash acquired	−3,316	−688	−246	−413	0
Disposal of assets	1,005	35	36	90	153
Investments acquisitions and contributions	−1,064	−509	−480	−405	−210
Investments redemptions, repayments, return of capital and sales proceeds	721	161	275	515	39
Purchases of short-term investments	0	−2,949	−8,622	−6,023	−12,498
Sales of short-term investments	0	3,295	2,082	1,296	1,544
Maturities of short-term investments	0	4,526	5,048	7,159	5,406
All other, net	273	196	702	824	513
Net cash provided by (used in) investing activities	−5,867	1,534	−3,095	623	14,797
Commercial paper issued	5,055	0	0	0	7,414
Commercial paper repayments	−5,055	0	0	0	−8,437
Long-term debt borrowings	11,166	1,631	1,589	3,379	12,150
Long-term debt repayments	−6,463	−1,984	−1,079	−2,280	−17,400
Debt issuance costs	−80	−15	−15	−39	0
Issuance of common stock	24	25	62	243	106
Common stock repurchased	−3,488	−9,189	−11,572	−11,922	−4,654
Dividends paid	−1,140	−1,154	−1,261	−1,279	−1,484
Distributions to noncontrolling interests	−1,513	−1,377	−1,281	−1,214	−1,449
Repurchases of noncontrolling interests	−400	−326	0	−491	−630
Redemption of noncontrolling interests - preferred units	0	0	−600	0	0
All other, net	−30	−45	−50	−44	−35
Net cash used in financing activities	−1,924	−12,434	−14,207	−13,647	−14,419
Net change in cash, cash equivalents and restricted cash	462	−2,235	−3,185	3,337	4,738

Filings

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Frequently asked questions

What is Marathon Petroleum Corp's CIK number?

Marathon Petroleum Corp's SEC CIK number is 0001510295 (1510295). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Marathon Petroleum Corp's SEC filings?

All of Marathon Petroleum Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Marathon Petroleum Corp last report earnings?

Marathon Petroleum Corp (MPC) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001510295-26-000039). This is Marathon Petroleum Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Marathon Petroleum Corp's most recent earnings 8-K?

Marathon Petroleum Corp's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001510295-26-000039. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Marathon Petroleum Corp's latest earnings 8-K →
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