Marathon Petroleum Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
MPC$389.88+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (Millions of dollars, except share data) | 2024 | 2023 |
| Assets | ||
| Cash and cash equivalents | $3,210 | $5,443 |
| Short-term investments | — | 4,781 |
| Receivables, less allowance for doubtful accounts of $73 and $44, respectively | 11,145 | 12,187 |
| Inventories | 9,568 | 9,317 |
| Other current assets | 524 | 403 |
| Total current assets | 24,447 | 32,131 |
| Equity method investments | 6,857 | 6,260 |
| Property, plant and equipment, net | 35,028 | 35,112 |
| Goodwill | 8,244 | 8,244 |
| Right of use assets | 1,300 | 1,233 |
| Other noncurrent assets | 2,982 | 3,007 |
| Total assets | $78,858 | $85,987 |
| Liabilities | ||
| Accounts payable | $13,906 | $13,761 |
| Payroll and benefits payable | 1,096 | 1,115 |
| Accrued taxes | 1,204 | 1,221 |
| Debt due within one year | 3,049 | 1,954 |
| Operating lease liabilities | 417 | 454 |
| Other current liabilities | 1,155 | 1,645 |
| Total current liabilities | 20,827 | 20,150 |
| Long-term debt | 24,432 | 25,329 |
| Deferred income taxes | 5,771 | 5,834 |
| Defined benefit postretirement plan obligations | 1,157 | 1,102 |
| Long-term operating lease liabilities | 860 | 764 |
| Deferred credits and other liabilities | 1,305 | 1,409 |
| Total liabilities | 54,352 | 54,588 |
| Commitments and contingencies (see Note 27) | ||
| Redeemable noncontrolling interest | 203 | 895 |
| Equity | ||
| Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) | — | — |
| Common stock: | ||
| Issued – 994 million and 993 million shares (par value $0.01 per share, 2 billion shares authorized) | 10 | 10 |
| Held in treasury, at cost – 678 million and 625 million shares | (52,623) | (43,502) |
| Additional paid-in capital | 33,624 | 33,465 |
| Retained earnings | 36,848 | 34,562 |
| Accumulated other comprehensive loss | (114) | (131) |
| Total MPC stockholders’ equity | 17,745 | 24,404 |
| Noncontrolling interests | 6,558 | 6,100 |
| Total equity | 24,303 | 30,504 |
| Total liabilities, redeemable noncontrolling interest and equity | $78,858 | $85,987 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.