Marathon Petroleum (MPC) balance sheet
NYSE · Energy · Oil & Gas Refining & Marketing · 18,500 employees · CEO Maryann T. Mannen
- Price
- $444.73 +2.83%
- Market cap
- $125B
- Enterprise value
- $151B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-03 EPS est. $25.37
At the end of Q2 '26 Marathon Petroleum (MPC) held $7.77B in cash and short-term investments against $34.3B of debt incl. leases. Total assets $94.3B, total liabilities $68.6B, shareholders' equity $19.1B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $8.45B | $5.44B | $3.18B | $4.44B | $4B | $3.21B | $3.81B | $1.67B | $2.65B | $3.67B | $2.15B | $7.77B | |
| Short-term investments | $4.6B | $4.78B | $4.4B | $4.06B | $1.14B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $12.5B | $12.2B | $13.2B | $12.3B | $10.2B | $11.1B | $12.1B | $11.1B | $10.5B | $10.3B | $14.6B | $15.7B | |
| Inventory | $10.1B | $9.32B | $9.78B | $9.8B | $9.89B | $9.57B | $10.5B | $10.1B | $9.83B | $10.1B | $10.8B | $9.97B | |
| Other current assets | $607M | $403M | $734M | $741M | $740M | $524M | $726M | $821M | $1.66B | $662M | $1.15B | $805M | |
| Current assets | $36.3B | $32.1B | $31.3B | $31.3B | $25.9B | $24.4B | $27.1B | $23.7B | $24.6B | $24.8B | $28.7B | $34.3B | |
| Property, plant & equipment (net) | $36B | $36.3B | $36.2B | $35.9B | $35.7B | $36.3B | $36.2B | $36.2B | $38.4B | $38.9B | $39.1B | $39.4B | |
| Long-term investments | $6.52B | $6.26B | $6.83B | $6.82B | $6.98B | $6.86B | $7.1B | $7.29B | $6.9B | $6.8B | $7B | $7.2B | |
| Goodwill | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $9.33B | $9.35B | $9.34B | $9.34B | |
| Intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.75B | $2.71B | $2.66B | $2.59B | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.61B | $0 | $0 | |
| Other non-current assets | $2.93B | $3.01B | $2.98B | $2.94B | $2.93B | $2.98B | $2.96B | $3.01B | $1.27B | $1.42B | $1.39B | $1.47B | |
| Non-current assets | $53.7B | $53.9B | $54.3B | $53.9B | $53.9B | $54.4B | $54.5B | $54.8B | $58.6B | $60.8B | $59.5B | $60B | |
| Total assets | $90B | $86B | $85.5B | $85.2B | $79.8B | $78.9B | $81.6B | $78.5B | $83.2B | $85.6B | $88.2B | $94.3B | |
| Liabilities | |||||||||||||
| Accounts payable | $15.8B | $13.8B | $15.5B | $14.9B | $12.8B | $13.9B | $14.7B | $13.3B | $12.5B | $13B | $17.6B | $19.2B | |
| Accrued expenses | $262M | $316M | $258M | $326M | $290M | $314M | $289M | $369M | $329M | $449M | $320M | $823M | |
| Short-term debt | $819M | $1.95B | $2.46B | $4.9B | $4.17B | $3.05B | $4.07B | $1.82B | $1.61B | $2.37B | $2.12B | $2.12B | |
| Taxes payable | $1.32B | $1.22B | $1.24B | $1.68B | $1.3B | $1.2B | $1.27B | $1.41B | $1.38B | $0 | $0 | $0 | |
| Other current liabilities | $2.06B | $1.33B | $706M | $997M | $1.09B | $841M | $793M | $1.11B | $1.51B | $804M | $1.01B | $1.86B | |
| Current liabilities | $21.7B | $20.2B | $21.8B | $24B | $21.1B | $20.8B | $22.7B | $19.3B | $18.7B | $19.7B | $24.4B | $27.4B | |
| Long-term debt | $26.5B | $25.3B | $24.8B | $24B | $24.1B | $24.4B | $26.8B | $26.8B | $31.2B | $29.9B | $30.7B | $30.7B | |
| Lease obligations (non-current) | $848M | $764M | $770M | $711M | $691M | $860M | $817M | $935M | $918M | $1.58B | $1B | $977M | |
| Deferred tax liabilities | $5.81B | $5.83B | $5.83B | $5.81B | $5.77B | $5.77B | $5.76B | $5.72B | $5.96B | $7.59B | $6B | $5.95B | |
| Other non-current liabilities | $2.31B | $2.51B | $2.54B | $2.59B | $2.54B | $2.46B | $2.42B | $2.48B | $2.51B | $2.71B | $2.65B | $3.54B | |
| Non-current liabilities | $35.4B | $34.4B | $34B | $33.1B | $33.1B | $33.5B | $35.8B | $36B | $40.6B | $41.8B | $40.3B | $41.2B | |
| Total liabilities | $57.2B | $54.6B | $55.8B | $57.1B | $54.1B | $54.4B | $58.6B | $55.2B | $59.4B | $61.5B | $64.8B | $68.6B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | |
| Retained earnings | $33.4B | $34.6B | $35.2B | $36.4B | $36.8B | $36.8B | $36.5B | $37.4B | $38.5B | $39.8B | $40B | $44.8B | |
| Accumulated other comprehensive income | -$49M | -$131M | -$143M | -$152M | -$158M | -$114M | -$109M | -$108M | -$109M | -$105M | -$108M | -$110M | |
| Shareholders' equity | $25.9B | $24.4B | $22.9B | $21.3B | $18.9B | $17.7B | $16.4B | $16.6B | $17.1B | $17.3B | $16.8B | $19.1B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $28.6B | $28.5B | $28.5B | $30.1B | $29.4B | $28.8B | $32.1B | $30B | $34.2B | $34.4B | $34.3B | $34.3B | |
| Net debt (debt - cash) | $20.1B | $23.1B | $25.4B | $25.7B | $25.4B | $25.5B | $28.3B | $28.4B | $31.5B | $30.7B | $32.2B | $26.5B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $887M | $3.01B | $1.69B | $1.39B | $415M | $5.29B | $8.63B | $5.44B | $3.21B | $3.67B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $5.55B | $3.15B | $4.78B | $0 | $0 | |
| Receivables | $3.62B | $4.7B | $5.85B | $7.23B | $5.76B | $11B | $13.5B | $12.2B | $11.1B | $10.3B | |
| Inventory | $5.66B | $5.55B | $9.84B | $9.8B | $8B | $8.06B | $8.83B | $9.32B | $9.57B | $10.1B | |
| Other current assets | $241M | $145M | $646M | $12B | $14.1B | $568M | $1.17B | $403M | $524M | $662M | |
| Current assets | $10.4B | $13.4B | $18B | $30.5B | $28.3B | $30.5B | $35.2B | $32.1B | $24.4B | $24.8B | |
| Property, plant & equipment (net) | $25.8B | $26.4B | $45.1B | $42.7B | $40.6B | $38.8B | $36.9B | $36.3B | $36.3B | $38.9B | |
| Long-term investments | $3.83B | $4.79B | $5.9B | $6.57B | $5.42B | $5.41B | $6.47B | $6.26B | $6.86B | $6.8B | |
| Goodwill | $3.59B | $3.59B | $20.2B | $15.7B | $8.26B | $8.26B | $8.24B | $8.24B | $8.24B | $9.35B | |
| Intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.71B | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.61B | |
| Other non-current assets | $833M | $830M | $3.78B | $3.2B | $2.64B | $2.4B | $3.08B | $3.01B | $2.98B | $1.42B | |
| Non-current assets | $34B | $35.6B | $74.9B | $68.1B | $56.9B | $54.9B | $54.7B | $53.9B | $54.4B | $60.8B | |
| Total assets | $44.4B | $49B | $92.9B | $98.6B | $85.2B | $85.4B | $89.9B | $86B | $78.9B | $85.6B | |
| Liabilities | |||||||||||
| Accounts payable | $5.59B | $8.3B | $9.37B | $11.2B | $7.8B | $13.7B | $15.3B | $13.8B | $13.9B | $13B | |
| Accrued expenses | $530M | $591M | $1.15B | $987M | $732M | $911M | $315M | $316M | $314M | $449M | |
| Short-term debt | $28M | $624M | $544M | $704M | $2.85B | $571M | $1.07B | $1.95B | $3.05B | $2.37B | |
| Taxes payable | $617M | $670M | $1.45B | $1.02B | $1.11B | $1.23B | $1.14B | $1.22B | $1.2B | $0 | |
| Other current liabilities | -$152M | -$295M | -$444M | $1.52B | $1.94B | $136M | $852M | $1.33B | $841M | $804M | |
| Current liabilities | $7.15B | $10.5B | $13.2B | $16.9B | $15.7B | $17.9B | $20B | $20.2B | $20.8B | $19.7B | |
| Long-term debt | $10.5B | $12.3B | $27B | $28B | $28.7B | $25B | $25.6B | $25.3B | $24.4B | $29.9B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $1.3B | $1.01B | $927M | $841M | $764M | $860M | $1.58B | |
| Deferred tax liabilities | $3.86B | $2.65B | $4.86B | $6.39B | $6.2B | $5.64B | $5.9B | $5.83B | $5.77B | $7.59B | |
| Other non-current liabilities | $1.66B | $1.77B | $2.83B | $2.79B | $3.33B | $2.36B | $2.42B | $2.51B | $2.46B | $2.71B | |
| Non-current liabilities | $16.1B | $16.7B | $34.7B | $38.5B | $39.3B | $33.9B | $34.8B | $34.4B | $33.5B | $41.8B | |
| Total liabilities | $23.2B | $27.2B | $47.9B | $55.4B | $54.9B | $51.8B | $54.8B | $54.6B | $54.4B | $61.5B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $7M | $7M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | |
| Retained earnings | $10.2B | $12.9B | $14.8B | $16B | $4.65B | $12.9B | $26.1B | $34.6B | $36.8B | $39.8B | |
| Accumulated other comprehensive income | -$234M | -$231M | -$144M | -$320M | -$512M | -$67M | $2M | -$131M | -$114M | -$105M | |
| Shareholders' equity | $13.6B | $14B | $35.2B | $33.7B | $22.2B | $26.2B | $27.7B | $24.4B | $17.7B | $17.3B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $10.6B | $12.9B | $27.5B | $30.5B | $33.1B | $26.9B | $27.9B | $28.5B | $28.8B | $34.4B | |
| Net debt (debt - cash) | $9.69B | $9.94B | $25.8B | $29.1B | $32.7B | $21.6B | $19.3B | $23.1B | $25.5B | $30.7B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01