Marathon Petroleum Corp

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

See the whole filing, with its images and exhibits

Contents

Financial Statements and Supplementary Data

INDEX

Page
Management’s Responsibilities for Financial Statements		74
Report of Independent Registered Public Accounting Firm	(PCAOB ID 238)	75
Audited Consolidated Financial Statements:
Consolidated Statements of Income		77
Consolidated Statements of Comprehensive Income		78
Consolidated Balance Sheets		79
Consolidated Statements of Cash Flows		80
Consolidated Statements of Equity and Redeemable Noncontrolling Interest	81
Notes to Consolidated Financial Statements		82
1. Description of Business and Basis of Presentation	82
2. Summary of Principal Accounting Policies		82
3. Accounting Standards		87
4. Master Limited Partnership		87
5. Acquisitions and Other Transactions		88
6. Variable Interest Entities		92
7. Related Party Transactions		94
8. Earnings Per Share		94
9. Equity		95
10. Segment Information		95
11. Net Interest and Other Financial Costs		98
12. Income Taxes		99
13. Inventories		101
14. Equity Method Investments		102
15. Property, Plant and Equipment (PP&E)		103
16. Goodwill and Intangibles		103
17. Fair Value Measurements		104
18. Derivatives		106
19. Debt		107
20. Revenue		112
21. Supplemental Cash Flow Information		113
22. Other Current Liabilities		113
23. Accumulated Other Comprehensive Income (Loss)	114
24. Pension and Other Postretirement Benefits		114
25. Share-Based Compensation		120
26. Leases		122
27. Commitments and Contingencies		125
28. Subsequent Event		127

Unless otherwise stated or the context otherwise indicates, all references in this Annual Report on Form 10-K to “MPC,” “us,” “our,” “we” or the “Company” mean Marathon Petroleum Corporation and its consolidated subsidiaries.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.