Marathon Petroleum Corp
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 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 (Unaudited)
| (Millions of dollars, except share data) | September 30,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $2,654 | $3,210 |
| Receivables, less allowance for expected credit loss of $20 and $73, respectively | 10,487 | 11,145 |
| Inventories | 9,829 | 9,568 |
| Other current assets | 626 | 524 |
| Assets held for sale | 1,034 | — |
| Total current assets | 24,630 | 24,447 |
| Equity method investments | 6,900 | 6,857 |
| Property, plant and equipment, net | 36,984 | 35,028 |
| Goodwill | 9,331 | 8,244 |
| Intangibles, net | 2,749 | 1,774 |
| Right of use assets, net | 1,373 | 1,300 |
| Other noncurrent assets | 1,273 | 1,208 |
| Total assets | $83,240 | $78,858 |
| Liabilities | ||
| Accounts payable | $12,486 | $13,906 |
| Payroll and benefits payable | 968 | 1,096 |
| Accrued taxes | 1,381 | 1,204 |
| Debt due within one year | 1,612 | 3,049 |
| Operating lease liabilities | 441 | 417 |
| Other current liabilities | 1,610 | 1,155 |
| Liabilities held for sale | 230 | — |
| Total current liabilities | 18,728 | 20,827 |
| Long-term debt | 31,232 | 24,432 |
| Deferred income taxes | 5,964 | 5,771 |
| Defined benefit postretirement plan obligations | 1,132 | 1,157 |
| Long-term operating lease liabilities | 918 | 860 |
| Deferred credits and other liabilities | 1,377 | 1,305 |
| Total liabilities | 59,351 | 54,352 |
| Commitments and contingencies (see Note 22) | ||
| Redeemable noncontrolling interest | — | 203 |
| Equity | ||
| Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) | — | — |
| Common stock: | ||
| Issued – 994 million and 994 million shares (par value $0.01 per share, 2 billion shares authorized) | 10 | 10 |
| Held in treasury, at cost – 693 million and 678 million shares | (55,016) | (52,623) |
| Additional paid-in capital | 33,695 | 33,624 |
| Retained earnings | 38,517 | 36,848 |
| Accumulated other comprehensive loss | (109) | (114) |
| Total MPC stockholders’ equity | 17,097 | 17,745 |
| Noncontrolling interests | 6,792 | 6,558 |
| Total equity | 23,889 | 24,303 |
| Total liabilities, redeemable noncontrolling interest and equity | $83,240 | $78,858 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.