Marathon Petroleum Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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) | 2025 | 2024 |
| Assets | ||
| Cash and cash equivalents | $3,672 | $3,210 |
| Receivables, less allowance for expected credit loss of $20 and $73, respectively | 10,317 | 11,145 |
| Inventories | 10,129 | 9,568 |
| Other current assets | 662 | 524 |
| Total current assets | 24,780 | 24,447 |
| Equity method investments | 6,795 | 6,857 |
| Property, plant and equipment, net | 37,397 | 35,028 |
| Goodwill | 9,354 | 8,244 |
| Intangibles, net | 2,714 | 1,774 |
| Right of use assets, net | 1,493 | 1,300 |
| Other noncurrent assets | 1,422 | 1,208 |
| Total assets | $83,955 | $78,858 |
| Liabilities | ||
| Accounts payable | $12,974 | $13,906 |
| Payroll and benefits payable | 1,107 | 1,096 |
| Accrued taxes | 1,484 | 1,204 |
| Debt due within one year | 2,371 | 3,049 |
| Operating lease liabilities | 489 | 417 |
| Other current liabilities | 1,253 | 1,155 |
| Total current liabilities | 19,678 | 20,827 |
| Long-term debt | 30,505 | 24,432 |
| Deferred income taxes | 5,984 | 5,771 |
| Defined benefit postretirement plan obligations | 1,173 | 1,157 |
| Long-term operating lease liabilities | 993 | 860 |
| Deferred credits and other liabilities | 1,536 | 1,305 |
| Total liabilities | 59,869 | 54,352 |
| Commitments and contingencies (see Note 27) | ||
| 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 – 699 million and 678 million shares | (56,027) | (52,623) |
| Additional paid-in capital | 33,685 | 33,624 |
| Retained earnings | 39,751 | 36,848 |
| Accumulated other comprehensive loss | (105) | (114) |
| Total MPC stockholders’ equity | 17,314 | 17,745 |
| Noncontrolling interests | 6,772 | 6,558 |
| Total equity | 24,086 | 24,303 |
| Total liabilities, redeemable noncontrolling interest and equity | $83,955 | $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.