Marathon Petroleum annual net debt
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Marathon Petroleum Net Debt Growth & History (MPC)
Marathon Petroleum's net debt was $31.11B for fiscal 2025.
View full Marathon Petroleum company overviewMarathon Petroleum annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $31.11B | $5.25B | +20.30% |
| 2024 | 2024-12-31 | $25.86B | $2.47B | +10.55% |
| 2023 | 2023-12-31 | $23.39B | $3.73B | +18.97% |
| 2022 | 2022-12-31 | $19.66B | −$2.36B | −10.71% |
| 2021 | 2021-12-31 | $22.02B | −$11.12B | −33.55% |
| 2020 | 2020-12-31 | $33.14B | $3.55B | +12.00% |
| 2019 | 2019-12-31 | $29.59B | $3.30B | +12.54% |
| 2018 | 2018-12-31 | $26.29B | $15.89B | +152.65% |
| 2017 | 2017-12-31 | $10.41B | $225.0M | +2.21% |
| 2016 | 2016-12-31 | $10.18B | −$1.17B | −10.27% |
| 2015 | 2015-12-31 | $11.35B | $6.18B | +119.79% |
| 2014 | 2014-12-31 | $5.16B | $4.06B | +368.09% |
| 2013 | 2013-12-31 | $1.10B | $2.61B | — |
| 2012 | 2012-12-31 | −$1.50B | −$1.73B | — |
| 2011 | 2011-12-31 | $220.0M | $59.0M | +36.65% |
| 2010 | 2010-12-31 | $161.0M | — | — |
Marathon Petroleum quarterly net debt
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Q2.11
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $26.96B | −$1.76B | −6.12% |
| Q1 2026 | 2026-03-31 | $32.62B | $3.93B | +13.69% |
| Q4 2025 | 2025-12-31 | $31.11B | $5.25B | +20.30% |
| Q3 2025 | 2025-09-30 | $31.99B | $6.26B | +24.35% |
| Q2 2025 | 2025-06-30 | $28.72B | $2.71B | +10.41% |
| Q1 2025 | 2025-03-31 | $28.69B | $3.01B | +11.74% |
| Q4 2024 | 2024-12-31 | $25.86B | $2.47B | +10.55% |
| Q3 2024 | 2024-09-30 | $25.72B | $5.24B | +25.59% |
| Q2 2024 | 2024-06-30 | $26.01B | $4.43B | +20.51% |
| Q1 2024 | 2024-03-31 | $25.68B | $4.72B | +22.51% |
| Q4 2023 | 2023-12-31 | $23.39B | $3.73B | +18.97% |
| Q3 2023 | 2023-09-30 | $20.48B | −$437.0M | −2.09% |
| Q2 2023 | 2023-06-30 | $21.59B | $2.22B | +11.45% |
| Q1 2023 | 2023-03-31 | $20.96B | −$348.0M | −1.63% |
| Q4 2022 | 2022-12-31 | $19.66B | −$2.36B | −10.71% |
| Q3 2022 | 2022-09-30 | $20.92B | −$2.39B | −10.26% |
| Q2 2022 | 2022-06-30 | $19.37B | $955.0M | +5.19% |
| Q1 2022 | 2022-03-31 | $21.31B | −$12.48B | −36.94% |
| Q4 2021 | 2021-12-31 | $22.02B | −$11.12B | −33.55% |
| Q3 2021 | 2021-09-30 | $23.31B | −$10.06B | −30.16% |
| Q2 2021 | 2021-06-30 | $18.41B | −$15.57B | −45.82% |
| Q1 2021 | 2021-03-31 | $33.79B | $864.0M | +2.62% |
| Q4 2020 | 2020-12-31 | $33.14B | $3.55B | +12.00% |
| Q3 2020 | 2020-09-30 | $33.37B | $3.06B | +10.08% |
| Q2 2020 | 2020-06-30 | $33.99B | $3.70B | +12.21% |
| Q1 2020 | 2020-03-31 | $32.93B | $2.47B | +8.11% |
| Q4 2019 | 2019-12-31 | $29.59B | $3.30B | +12.54% |
| Q3 2019 | 2019-09-30 | $30.32B | $16.34B | +116.92% |
| Q2 2019 | 2019-06-30 | $30.29B | $17.49B | +136.61% |
| Q1 2019 | 2019-03-31 | $30.46B | $17.31B | +131.56% |
| Q4 2018 | 2018-12-31 | $26.29B | $15.89B | +152.65% |
| Q3 2018 | 2018-09-30 | $13.98B | $2.79B | +25.00% |
| Q2 2018 | 2018-06-30 | $12.80B | $1.15B | +9.83% |
| Q1 2018 | 2018-03-31 | $13.15B | $2.21B | +20.18% |
| Q4 2017 | 2017-12-31 | $10.41B | $225.0M | +2.21% |
| Q3 2017 | 2017-09-30 | $11.18B | $813.0M | +7.84% |
| Q2 2017 | 2017-06-30 | $11.66B | $1.83B | +18.59% |
| Q1 2017 | 2017-03-31 | $10.95B | −$851.0M | −7.21% |
| Q4 2016 | 2016-12-31 | $10.18B | −$1.17B | −10.27% |
| Q3 2016 | 2016-09-30 | $10.37B | $5.66B | +120.17% |
| Q2 2016 | 2016-06-30 | $9.83B | $4.95B | +101.46% |
| Q1 2016 | 2016-03-31 | $11.80B | $7.11B | +151.62% |
| Q4 2015 | 2015-12-31 | $11.35B | $6.18B | +119.79% |
| Q3 2015 | 2015-09-30 | $4.71B | $280.0M | +6.32% |
| Q2 2015 | 2015-06-30 | $4.88B | $3.37B | +222.26% |
| Q1 2015 | 2015-03-31 | $4.69B | $3.19B | +214.00% |
| Q4 2014 | 2014-12-31 | $5.16B | $4.06B | +368.09% |
| Q3 2014 | 2014-09-30 | $4.43B | $3.05B | +220.25% |
| Q2 2014 | 2014-06-30 | $1.51B | $1.18B | +349.26% |
| Q1 2014 | 2014-03-31 | $1.49B | $2.82B | — |
| Q4 2013 | 2013-12-31 | $1.10B | $2.61B | — |
| Q3 2013 | 2013-09-30 | $1.38B | $1.43B | — |
| Q2 2013 | 2013-06-30 | $337.0M | −$1.09B | −76.47% |
| Q1 2013 | 2013-03-31 | −$1.33B | −$2.44B | — |
| Q4 2012 | 2012-12-31 | −$1.50B | −$1.73B | — |
| Q3 2012 | 2012-09-30 | −$45.0M | −$387.0M | — |
| Q2 2012 | 2012-06-30 | $1.43B | −$220.0M | −13.32% |
| Q1 2012 | 2012-03-31 | $1.12B | — | — |
| Q4 2011 | 2011-12-31 | $220.0M | $59.0M | +36.65% |
| Q3 2011 | 2011-09-30 | $342.0M | — | — |
| Q2 2011 | 2011-06-30 | $1.65B | — | — |
| Q4 2010 | 2010-12-31 | $161.0M | — | — |
Marathon Petroleum net debt trends
Over the last five fiscal years, Marathon Petroleum's net debt decreased from $33.14B to $31.11B, a change of −$2.02B. The latest reported quarter, Q2 2026, shows $26.96B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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