Marathon Petroleum Corp (MPC) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — MPC

Balance Sheet

(in billions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	7.77	2.15	2.65	1.67	3.81	4.00	4.44	3.18	8.45	7.35	7.96	7.38	9.08	7.15	5.87	11.84	0.62
Short-term Investments	--	--	--	--	--	1.14	4.06	4.40	4.60	4.11	3.49	--	--	--	--	--	--
Accounts Receivable	15.74	14.63	10.49	11.13	12.11	10.18	12.31	13.17	12.47	10.27	10.14	13.46	17.31	15.66	9.51	9.77	7.47
Inventory	9.97	10.76	9.83	10.11	10.49	9.89	9.80	9.78	10.14	9.54	10.27	9.83	11.05	9.48	9.21	8.88	8.41
Total Current Assets	34.29	28.70	24.63	23.73	27.14	25.95	31.35	31.26	36.28	32.21	32.49	35.28	42.41	36.39	34.14	38.59	30.36
Property, Plant & Equipment	37.94	37.60	36.98	34.81	34.94	34.54	34.69	34.96	34.69	35.06	35.39	35.38	37.06	37.15	37.63	38.00	38.49
Goodwill	9.34	9.34	9.33	8.24	8.24	8.24	8.24	8.24	8.24	8.24	8.24	8.24	8.24	8.26	8.26	8.26	8.26
Intangible Assets	2.59	2.66	2.75	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non-current Assets*	60.02	59.49	58.61	54.76	54.49	53.88	53.88	54.27	53.69	54.23	54.55	54.41	54.32	54.56	55.16	55.71	56.29
Total Assets	94.31	88.19	83.24	78.48	81.63	79.83	85.23	85.53	89.97	86.44	87.04	89.69	96.74	90.95	89.30	94.30	86.65
Accounts Payable	19.23	17.62	12.49	13.35	14.75	12.76	14.87	15.47	15.84	13.05	13.03	16.68	22.50	19.79	12.20	12.17	9.95
Short-term Debt	2.12	2.12	1.61	1.82	4.07	4.17	4.90	2.46	0.82	0.07	0.08	1.06	1.09	1.08	0.07	0.07	1.79
Total Current Liabilities	27.42	24.41	18.73	19.26	22.73	21.07	24.00	21.79	21.74	17.47	17.06	21.31	28.44	25.12	16.90	19.51	16.09
Long-term Debt	30.70	30.71	31.23	26.84	26.85	24.05	24.03	24.83	26.46	27.21	27.21	25.64	25.69	25.63	27.27	28.25	30.69
Total Non-current Liabilities*	41.17	40.35	40.62	35.97	35.84	33.05	33.14	33.97	35.44	36.41	36.32	34.60	34.63	34.53	36.44	38.10	41.09
Total Liabilities	68.59	64.76	59.35	55.22	58.57	54.12	57.14	55.76	57.17	53.87	53.37	55.92	63.07	59.65	53.34	57.61	57.17
Retained Earnings	44.81	39.97	38.52	37.42	36.49	36.77	36.42	35.20	33.42	30.44	28.53	23.18	18.98	13.42	12.48	12.16	4.03
Total Stockholder Equity	19.08	16.75	17.10	16.62	16.40	18.93	21.32	22.92	25.86	25.71	26.86	26.30	26.31	23.97	28.28	28.92	21.59

* Derived from reported values

Income Statement

(in billions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Total Revenue	51.99	34.20	32.57	34.81	33.80	31.52	33.14	35.11	37.91	32.71	36.26	40.92	36.34	34.86	39.81	45.79	53.80	38.06	35.34	32.32
Cost of Revenue	43.06	31.26	28.86	31.20	30.03	29.36	30.56	32.14	33.95	29.59	32.58	34.93	31.76	29.29	33.58	38.82	44.21	35.07	32.18	29.56
Gross Profit	8.93	2.94	3.71	3.61	3.77	2.16	2.58	2.96	3.97	3.11	3.67	16.14	4.58	5.57	6.24	6.97	9.59	2.99	3.15	2.76
Selling, General & Admin	0.89	0.87	0.84	0.86	0.87	0.78	0.80	0.82	0.82	0.78	0.82	0.82	0.70	0.69	0.76	0.71	0.69	0.60	0.66	0.68
Total Operating Expenses	1.61	1.54	1.02	0.90	1.58	1.47	1.44	1.61	1.45	1.33	1.28	4.02	1.28	1.51	1.50	0.28	1.26	1.27	1.37	1.42
Operating Income	7.32	1.40	2.69	2.71	2.20	0.69	1.14	1.35	2.52	1.78	2.40	4.75	3.31	4.06	4.74	6.69	8.33	1.72	1.78	1.34
Pretax Income	6.98	1.03	2.35	2.40	1.88	0.38	0.90	1.13	2.33	1.61	2.28	4.64	3.16	3.91	4.55	6.45	8.02	1.45	1.35	1.01
Tax Provision	1.44	0.18	0.37	0.46	0.27	0.04	0.11	0.11	0.37	0.29	0.41	1.00	0.58	0.82	0.98	1.43	1.80	0.28	0.24	(0.02)
Net Income	5.14	0.51	1.54	1.37	1.22	(0.07)	0.37	0.62	1.52	0.94	1.45	3.28	2.23	2.72	3.32	4.48	5.87	0.85	0.77	0.69
Basic EPS	17.76	1.73	5.01	4.51	3.96	(0.24)	1.30	1.88	4.34	2.59	3.95	8.31	5.34	6.13	6.66	9.12	11.03	1.50	1.52	1.10
Diluted EPS	17.73	1.73	4.99	4.51	3.96	(0.24)	1.30	1.87	4.33	2.58	3.94	8.28	5.32	6.09	6.62	9.06	10.95	1.49	1.52	1.09

Cash Flow Statement

(in billions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Operating Cash Flow	10.33	1.12	3.07	2.61	2.64	(0.06)	2.21	1.68	3.24	1.53	1.12	4.95	3.98	4.06	4.38	2.51	6.95	2.51	3.67	(1.15)
Capital Expenditures	1.19	0.91	1.18	0.95	0.70	0.66	0.81	0.65	0.49	0.59	0.53	0.42	0.48	0.46	0.73	0.70	0.50	0.50	0.48	0.38
Free Cash Flow*	9.14	0.21	1.89	1.66	1.94	(0.73)	1.40	1.03	2.76	0.95	0.59	4.53	3.50	3.60	3.66	1.81	6.45	2.02	3.19	(1.52)
Investing Cash Flow	(1.39)	(1.05)	(0.21)	(3.76)	(0.97)	(0.92)	0.31	2.03	0.02	(0.82)	(0.96)	(0.43)	(0.88)	(0.82)	(0.50)	0.50	(1.09)	1.71	1.45	(2.05)
Financing Cash Flow	(3.32)	(1.60)	(1.84)	2.13	(3.80)	1.59	(3.31)	(4.16)	(1.99)	(2.98)	(3.17)	(3.41)	(3.72)	(3.91)	(2.64)	(4.71)	(3.93)	(2.36)	(5.70)	(2.76)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Dividends Per Share	1.00	1.00	1.00	0.91	0.91	0.91	0.91	0.83	0.83	0.83	0.83	0.75	0.75	0.75	0.75	0.58	0.58	0.58	0.58	0.58