v3.26.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Stockholders Equity
The changes in the number of common units during the three months ended March 31, 2026 are summarized below:
(In units)Common Units
Balance at December 31, 20251,015,702,040 
Unit-based compensation awards113,750 
Units redeemed in unit repurchase program(882,899)
Balance at March 31, 20261,014,932,891 
Class of Treasury Stock Total unit repurchases were as follows for the respective periods:
Three Months Ended 
March 31,
(In millions, except per unit data)20262025
Number of common units repurchased1 2 
Cash paid for common units repurchased(1)
$50 $100 
Average cost per unit(1)
$56.63 $52.48 
(1)    Cash paid for common units repurchased and average cost per unit includes commissions paid to brokers during the period.
Dividends Declared
Three Months Ended 
March 31,
(In millions, except per unit data)20262025
Distribution declared:
Limited partner units - public$395 $357 
Limited partner units - MPC697 619 
Total distribution declared$1,092 $976 
Quarterly cash distributions declared per limited partner common unit$1.0765 $0.9565