v3.26.1
Consolidated Statements of Equity and Redeemable Noncontrolling Interest (Consolidated Statements of Equity) - USD ($)
$ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Beginning balance at Dec. 31, 2024 $ 24,303 $ 10 $ (52,623) $ 33,624 $ 36,848 $ (114) $ 6,558
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 346       (74)   420
Dividends declared on common stock (285)       (285)    
Distributions to noncontrolling interests (364)           (364)
Other comprehensive income (loss) 5         5  
Shares repurchased (1,039)   (1,039)        
Share-based compensation 16     19 0   (3)
Equity transactions of MPLX 83     25 0   58
Ending balance at Mar. 31, 2025 23,065 10 (53,662) 33,668 36,489 (109) 6,669
Beginning balance at Dec. 31, 2024 24,303 10 (52,623) 33,624 36,848 (114) 6,558
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss) 6            
Equity transactions of MPLX       (4)      
Ending balance at Jun. 30, 2025 23,264 10 (54,360) 33,658 37,424 (108) 6,640
Beginning balance at Mar. 31, 2025 23,065 10 (53,662) 33,668 36,489 (109) 6,669
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 1,610       1,216   394
Dividends declared on common stock (279)       (279)    
Distributions to noncontrolling interests (368)           (368)
Other comprehensive income (loss) 1         1  
Shares repurchased (698)   (698)        
Share-based compensation 20     19 (2)   3
Equity transactions of MPLX (87)     (29)     (58)
Ending balance at Jun. 30, 2025 23,264 10 (54,360) 33,658 37,424 (108) 6,640
Beginning balance at Dec. 31, 2025 24,086 10 (56,027) 33,685 39,751 (105) 6,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 851       511   340
Dividends declared on common stock (295)       (295)    
Distributions to noncontrolling interests (407)           (407)
Other comprehensive income (loss) (3)         (3)  
Shares repurchased (756)   (756)        
Share-based compensation (7)     (3) (1)   (3)
Equity transactions of MPLX (42)     (14)     (28)
Ending balance at Mar. 31, 2026 23,427 10 (56,783) 33,668 39,966 (108) 6,674
Beginning balance at Dec. 31, 2025 24,086 10 (56,027) 33,685 39,751 (105) 6,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss) (5)            
Equity transactions of MPLX       (31)      
Ending balance at Jun. 30, 2026 25,720 10 (59,308) 33,673 44,812 (110) 6,643
Beginning balance at Mar. 31, 2026 23,427 10 (56,783) 33,668 39,966 (108) 6,674
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 5,538       5,138   400
Dividends declared on common stock (290)       (290)    
Distributions to noncontrolling interests (406)           (406)
Other comprehensive income (loss) (2)         (2)  
Shares repurchased (2,525)   (2,525)        
Share-based compensation 24     22 (2)   4
Equity transactions of MPLX (46)     (17)     (29)
Ending balance at Jun. 30, 2026 $ 25,720 $ 10 $ (59,308) $ 33,673 $ 44,812 $ (110) $ 6,643