The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 5,878 | 5,067 | 11,172 | 16,050 |
| Amortization of deferred financing costs and debt discount | 39 | -31 | -78 | 50 |
| Impairment expense | - | - | - | 0 |
| Depreciation and amortization | 3,251 | 3,337 | 3,307 | 3,215 |
| Pension and other postretirement benefits, net | 16 | 59 | -191 | 172 |
| Deferred income taxes | 282 | -124 | -28 | 290 |
| Net gain on disposal of assets | 173 | 28 | 217 | 1,061 |
| Income from equity method investments | 1,622 | 1,048 | 742 | 655 |
| Distributions from equity method investments | 1,255 | 1,215 | 941 | 772 |
| Income from discontinued operations | - | 0 | 0 | 72 |
| Changes in income tax receivable | - | - | -135 | 555 |
| Changes in the fair value of derivative instruments | 16 | -71 | -70 | 147 |
| Current receivables | -890 | -1,117 | -1,972 | 2,315 |
| Inventories | 596 | 270 | 489 | 787 |
| Current liabilities and other current assets | -776 | -438 | -1,316 | 1,909 |
| Right of use assets and operating lease liabilities, net | -13 | 10 | 7 | 0 |
| All other, net | -188 | -252 | -412 | -547 |
| Cash provided by operating activities - continuing operations | - | 8,665 | 14,117 | 16,319 |
| Cash provided by operating activities - discontinued operations | - | 0 | 0 | 42 |
| Net cash provided by operating activities | 8,253 | 8,665 | 14,117 | 16,361 |
| Additions to property, plant and equipment | 3,486 | 2,533 | 1,890 | 2,420 |
| Acquisitions, net of cash acquired | 3,316 | 688 | 246 | 413 |
| Disposal of assets | 1,005 | 35 | 36 | 90 |
| Investments acquisitions and contributions | 1,064 | 509 | 480 | 405 |
| Investments redemptions, repayments, return of capital and sales proceeds | 721 | 161 | 275 | 515 |
| Purchases of short-term investments | 0 | 2,949 | 8,622 | 6,023 |
| Sales of short-term investments | 0 | 3,295 | 2,082 | 1,296 |
| Maturities of short-term investments | 0 | 4,526 | 5,048 | 7,159 |
| All other, net | -273 | -196 | -702 | -824 |
| Cash provided by (used in) investing activities - continuing operations | - | - | -3,095 | 623 |
| Cash provided by investing activities - discontinued operations | - | - | 0 | 0 |
| Net cash provided by (used in) investing activities | -5,867 | 1,534 | -3,095 | 623 |
| Commercial paper issued | 5,055 | - | 0 | 0 |
| Commercial paper repayments | 5,055 | - | 0 | 0 |
| Long-term debt borrowings | 11,166 | 1,631 | 1,589 | 3,379 |
| Long-term debt repayments | 6,463 | 1,984 | 1,079 | 2,280 |
| Debt issuance costs | 80 | 15 | 15 | 39 |
| Issuance of common stock | 24 | 25 | 62 | 243 |
| Common stock repurchased | 3,488 | 9,189 | 11,572 | 11,922 |
| Dividends paid | 1,140 | 1,154 | 1,261 | 1,279 |
| Distributions to noncontrolling interests | 1,513 | 1,377 | 1,281 | 1,214 |
| Repurchases of noncontrolling interests | 400 | 326 | 0 | 491 |
| Redemption of noncontrolling interests - preferred units | 0 | 0 | 600 | - |
| All other, net | -30 | -45 | -50 | -44 |
| Net cash used in financing activities | -1,924 | -12,434 | -14,207 | -13,647 |
| Net change in cash, cash equivalents and restricted cash | 462 | -2,235 | -3,185 | 3,337 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance | 3,211 | 5,446 | 8,631 | 5,294 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, discontinued operations, ending balance | - | - | 0 | 0 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance | 3,673 | 3,211 | 5,446 | 8,631 |
Marathon Petroleum Corp (MPC)
Marathon Petroleum Corp (MPC)