v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 12,805 $ 3,672
Short-Term Investments 804 0
Receivables, less allowance for expected credit loss of $8 and $20, respectively 17,434 10,317
Inventories 10,196 10,129
Other current assets 763 662
Total current assets 42,002 24,780
Equity method investments 7,413 6,795
Property, plant and equipment, net 38,293 37,397
Goodwill 9,335 9,354
Intangibles, net 2,525 2,714
Right of use assets, net 1,442 1,493
Other noncurrent assets 1,504 1,422
Total assets 102,514 83,955
Liabilities    
Accounts payable 20,578 12,974
Payroll and benefits payable 1,162 1,107
Accrued taxes 3,558 1,484
Debt due within one year 128 2,371
Operating lease liabilities 500 489
Other current liabilities 3,129 1,253
Total current liabilities 29,055 19,678
Long-term debt 32,894 30,505
Deferred income taxes 5,832 5,984
Defined benefit postretirement plan obligations 1,072 1,173
Long-term operating lease liabilities 932 993
Deferred credits and other liabilities 2,877 1,536
Total liabilities 72,662 59,869
Commitments and contingencies (see Note 23)
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 – 720 million and 699 million shares (62,344) (56,027)
Additional paid-in capital 33,679 33,685
Retained earnings 51,979 39,751
Accumulated other comprehensive loss (115) (105)
Total MPC stockholders’ equity 23,209 17,314
Noncontrolling interests 6,643 6,772
Total equity 29,852 24,086
Total liabilities and equity $ 102,514 $ 83,955