v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 7,768 $ 3,672
Receivables, less allowance for expected credit loss of $13 and $20, respectively 15,740 10,317
Inventories 9,973 10,129
Other current assets 805 662
Total current assets 34,286 24,780
Equity method investments 7,197 6,795
Property, plant and equipment, net 37,942 37,397
Goodwill 9,335 9,354
Intangibles, net 2,593 2,714
Right of use assets, net 1,486 1,493
Other noncurrent assets 1,471 1,422
Total assets 94,310 83,955
Liabilities    
Accounts payable 19,227 12,974
Payroll and benefits payable 823 1,107
Accrued taxes 2,427 1,484
Debt due within one year 2,120 2,371
Operating lease liabilities 499 489
Other current liabilities 2,325 1,253
Total current liabilities 27,421 19,678
Long-term debt 30,696 30,505
Deferred income taxes 5,953 5,984
Defined benefit postretirement plan obligations 1,288 1,173
Long-term operating lease liabilities 977 993
Deferred credits and other liabilities 2,255 1,536
Total liabilities 68,590 59,869
Commitments and contingencies (see Note 22)
Equity [Abstract]    
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) 0 0
Common stock:    
Issued – 995 million and 994 million shares (par value $0.01 per share, 2 billion shares authorized) 10 10
Held in treasury, at cost – 712 million and 699 million shares (59,308) (56,027)
Additional paid-in capital 33,673 33,685
Retained earnings 44,812 39,751
Accumulated other comprehensive loss (110) (105)
Total MPC stockholders’ equity 19,077 17,314
Noncontrolling interests 6,643 6,772
Total equity 25,720 24,086
Total liabilities and equity $ 94,310 $ 83,955