v3.26.1
Earnings Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings per Share Earnings Per Share
We compute basic earnings per share by dividing net income attributable to MPC less income allocated to participating securities by the weighted average number of shares of common stock outstanding. Since MPC grants certain incentive compensation awards to employees and non-employee directors that are considered to be participating securities, we have calculated our earnings per share using the two-class method. Diluted income per share assumes exercise of certain share-based compensation awards, provided the effect is not anti-dilutive.
Three Months Ended 
March 31,
(In millions, except per share data)20262025
Basic earnings per share:
Allocation of earnings
Net income (loss) attributable to MPC$511 $(74)
Income allocated to participating securities— — 
Income (loss) available to common stockholders - basic$511 $(74)
Weighted average common shares outstanding295 313 
Basic earnings (loss) per share$1.73 $(0.24)
Diluted earnings per share:
Allocation of earnings
Net income (loss) attributable to MPC$511 $(74)
Income allocated to participating securities— — 
Income (loss) available to common stockholders - diluted$511 $(74)
Weighted average common shares outstanding295 313 
Effect of dilutive securities— — 
Weighted average common shares, including dilutive effect295 313 
Diluted earnings (loss) per share$1.73 $(0.24)
Potential common shares that were anti-dilutive and, therefore, omitted from the diluted share calculation, were immaterial for all periods.