Marathon Petroleum Corp
NYSE: MPC · ENERGY · OIL & GAS REFINING & MARKETING
Updated 2026-06-05
Marathon Petroleum Corp (MPC) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $18.18B | $21.25B | $23.23B | $25.75B | $27.22B | $28.39B | $30.43B | $43.12B | $44.41B | $49.05B | $92.94B | $98.56B | $85.16B | $85.37B | $89.90B | $85.99B | $78.86B | $85.56B |
| Cash & equivalents | $108.00M | $128.00M | $118.00M | $3.08B | $4.86B | $2.29B | $1.49B | $1.13B | $887.00M | $3.01B | $1.69B | $1.39B | $415.00M | $5.29B | $8.63B | $5.44B | $3.21B | $3.67B |
| Current assets | $6.73B | $7.90B | $10.06B | $12.00B | $13.03B | $12.74B | $11.34B | $9.47B | $10.40B | $13.40B | $18.02B | $30.46B | $28.29B | $30.50B | $35.24B | $32.13B | $24.45B | $24.78B |
| Total liabilities | $9.24B | $12.08B | $14.99B | $16.24B | $15.12B | $17.05B | $19.04B | $23.44B | $23.21B | $27.22B | $47.89B | $55.45B | $54.94B | $51.79B | $54.82B | $54.59B | $54.35B | $61.47B |
| Current liabilities | $4.77B | $6.64B | $8.62B | $9.59B | $8.20B | $9.82B | $8.58B | $6.34B | $7.15B | $10.48B | $13.22B | $16.95B | $15.66B | $17.90B | $20.02B | $20.15B | $20.83B | $19.68B |
| Long-term debt | — | $2.60B | $3.23B | $3.29B | $3.34B | $3.37B | $6.61B | $11.90B | $10.54B | $12.32B | $26.98B | $28.13B | $28.73B | $24.44B | $25.18B | $25.33B | $24.43B | $30.50B |
| Shareholder equity | $8.94B | $9.17B | $8.24B | $9.51B | $11.69B | $10.92B | $10.75B | $13.24B | $13.56B | $14.03B | $35.17B | $33.69B | $22.20B | $26.21B | $27.71B | $24.40B | $17.75B | $17.31B |
| Retained earnings | — | — | — | $898.00M | $3.88B | $5.51B | $7.51B | $9.75B | $10.21B | $12.86B | $14.76B | $15.99B | $4.65B | $12.90B | $26.14B | $34.56B | $36.85B | $39.75B |
| Accounts receivable | $2.14B | $3.54B | $4.40B | $5.46B | $4.61B | $5.56B | $4.06B | $2.93B | $3.62B | $4.70B | $5.85B | $7.23B | $5.76B | $11.03B | $13.48B | $12.19B | $11.14B | $10.32B |
| Inventory | $3.30B | $3.32B | $3.07B | $3.32B | $3.45B | $4.69B | $5.64B | $5.22B | $5.66B | $5.55B | $9.84B | $9.80B | $8.00B | $8.05B | $8.83B | $9.32B | $9.57B | $10.13B |
| Goodwill | $866.00M | $872.00M | $837.00M | $842.00M | $930.00M | $938.00M | $1.57B | $4.02B | $3.59B | $3.59B | $20.18B | $15.65B | $8.26B | $8.26B | $8.24B | $8.24B | $8.24B | $9.35B |
Frequently asked questions
What is Marathon Petroleum Corp's revenue?
Marathon Petroleum Corp's trailing twelve-month revenue is $135.95B, and consensus projects about $140.50B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MPC?
In its most recent fiscal year, MPC ran a gross margin of 7.54%, an operating margin of 4.35%, and a net margin of 3.05%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MPC generate?
MPC produced $4.77B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MPC's balance sheet healthy?
MPC holds $3.67B in cash and equivalents against $30.50B in long-term debt, on $17.31B of shareholder equity. That debt is best read against the cash flow the business throws off each year.