79/100B372.69
USD
-4.76
(-1.26%)
Pre Open
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 22.21Revenue estimate 47.06B
Q4 FY2026 · Earnings report
EPS estimate 22.21Revenue estimate 47.06B
MARATHON PETROLEUM total debt 2008–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
MARATHON PETROLEUM's total debt was 34.45B USD on 30 September 2026, up 0.7% on a year before. At the end of fiscal year 2025 it was 34.36B USD.
Last updated 6 Nov 2026 · Next report 2 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 34.45B | +0.73% | 13.61B | -20.85B | 1.48 |
| FY2025 | 31 Dec 2025 | 34.36B | +19.47% | 3.67B | -30.69B | 1.98 |
| FY2024 | 31 Dec 2024 | 28.76B | +0.90% | 3.21B | -25.55B | 1.62 |
| FY2023 | 31 Dec 2023 | 28.50B | +2.12% | 10.22B | -18.28B | 1.17 |
| FY2022 | 31 Dec 2022 | 27.91B | +3.74% | 11.77B | -16.14B | 1.01 |
| FY2021 | 31 Dec 2021 | 26.90B | -18.71% | 10.84B | -16.07B | 1.03 |
| FY2020 | 31 Dec 2020 | 33.10B | +8.37% | 415.00M | -32.68B | 1.49 |
| FY2019 | 31 Dec 2019 | 30.54B | +10.95% | 1.39B | -29.15B | 0.91 |
| FY2018 | 31 Dec 2018 | 27.52B | +112.61% | 1.69B | -25.84B | 0.78 |
| FY2017 | 31 Dec 2017 | 12.95B | +22.46% | 3.01B | -9.94B | 0.92 |
| FY2016 | 31 Dec 2016 | 10.57B | -11.35% | 887.00M | -9.69B | 0.78 |
| FY2015 | 31 Dec 2015 | 11.93B | +80.63% | 1.13B | -10.80B | 0.90 |
| FY2014 | 31 Dec 2014 | 6.60B | +94.41% | 1.49B | -5.11B | 0.61 |
| FY2013 | 31 Dec 2013 | 3.40B | +1.04% | 2.29B | -1.10B | 0.31 |
| FY2012 | 31 Dec 2012 | 3.36B | +1.63% | 4.86B | 1.50B | 0.29 |
| FY2011 | 31 Dec 2011 | 3.31B | -15.14% | 3.08B | -228.00M | 0.35 |
| FY2010 | 31 Dec 2010 | 3.90B | +49.20% | 2.52B | -1.38B | 0.47 |
| FY2009 | 31 Dec 2009 | 2.61B | +3.45% | 992.00M | -1.62B | 0.28 |
| FY2008 | 31 Dec 2008 | 2.53B | — | 1.13B | -1.39B | 0.28 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 34.45B | +0.73% | 13.61B | -20.85B | 1.48 |
| Q2 FY2026 | 30 Jun 2026 | 34.29B | +14.17% | 7.77B | -26.52B | 1.80 |
| Q1 FY2026 | 31 Mar 2026 | 34.33B | +6.81% | 2.15B | -32.18B | 2.05 |
| Q4 FY2025 | 31 Dec 2025 | 34.36B | +19.47% | 3.67B | -30.69B | 1.98 |
| Q3 FY2025 | 30 Sept 2025 | 34.20B | +16.35% | 2.65B | -31.55B | 2.00 |
| Q2 FY2025 | 30 Jun 2025 | 30.04B | -0.25% | 1.67B | -28.36B | 1.81 |
| Q1 FY2025 | 31 Mar 2025 | 32.14B | +12.64% | 3.81B | -28.33B | 1.96 |
| Q4 FY2024 | 31 Dec 2024 | 28.76B | +0.90% | 3.21B | -25.55B | 1.62 |
| Q3 FY2024 | 30 Sept 2024 | 29.40B | +2.84% | 5.14B | -24.25B | 1.55 |
| Q2 FY2024 | 30 Jun 2024 | 30.11B | +5.41% | 8.50B | -21.61B | 1.41 |
| Q1 FY2024 | 31 Mar 2024 | 28.53B | -0.04% | 7.57B | -20.96B | 1.24 |
| Q4 FY2023 | 31 Dec 2023 | 28.50B | +2.12% | 10.22B | -18.28B | 1.17 |
| Q3 FY2023 | 30 Sept 2023 | 28.58B | +2.46% | 13.06B | -15.53B | 1.11 |
| Q2 FY2023 | 30 Jun 2023 | 28.57B | +1.86% | 11.45B | -17.11B | 1.11 |
| Q1 FY2023 | 31 Mar 2023 | 28.54B | +1.81% | 11.45B | -17.09B | 1.06 |
| Q4 FY2022 | 31 Dec 2022 | 27.91B | +3.74% | 11.77B | -16.14B | 1.01 |
| Q3 FY2022 | 30 Sept 2022 | 27.90B | -3.01% | 11.14B | -16.76B | 1.06 |
| Q2 FY2022 | 30 Jun 2022 | 28.04B | -5.93% | 13.32B | -14.73B | 1.07 |
| Q1 FY2022 | 31 Mar 2022 | 28.03B | -17.45% | 10.60B | -17.44B | 1.17 |
| Q4 FY2021 | 31 Dec 2021 | 26.90B | -18.71% | 10.84B | -16.07B | 1.03 |
| Q3 FY2021 | 30 Sept 2021 | 28.76B | -14.20% | 13.23B | -15.54B | 1.02 |
| Q2 FY2021 | 30 Jun 2021 | 29.81B | -13.94% | 17.26B | -12.56B | 1.03 |
| Q1 FY2021 | 31 Mar 2021 | 33.96B | -0.66% | 624.00M | -33.34B | 1.57 |
| Q4 FY2020 | 31 Dec 2020 | 33.10B | +8.37% | 415.00M | -32.68B | 1.49 |
| Q3 FY2020 | 30 Sept 2020 | 33.52B | +6.81% | 618.00M | -32.91B | 1.49 |
| Q2 FY2020 | 30 Jun 2020 | 34.64B | +11.42% | 1.09B | -33.55B | 1.46 |
| Q1 FY2020 | 31 Mar 2020 | 34.19B | +10.71% | 1.69B | -32.50B | 1.42 |
| Q4 FY2019 | 31 Dec 2019 | 30.54B | +10.95% | 1.39B | -29.15B | 0.91 |
| Q3 FY2019 | 30 Sept 2019 | 31.39B | +70.13% | 1.53B | -29.86B | 0.93 |
| Q2 FY2019 | 30 Jun 2019 | 31.09B | +80.05% | 1.25B | -29.84B | 0.91 |
| Q1 FY2019 | 31 Mar 2019 | 30.88B | +78.94% | 877.00M | -30.00B | 0.91 |
| Q4 FY2018 | 31 Dec 2018 | 27.52B | +112.61% | 1.69B | -25.84B | 0.78 |
| Q3 FY2018 | 30 Sept 2018 | 18.45B | +44.34% | 4.99B | -13.46B | 1.22 |
| Q2 FY2018 | 30 Jun 2018 | 17.27B | +36.97% | 5.00B | -12.27B | 1.15 |
| Q1 FY2018 | 31 Mar 2018 | 17.26B | +36.99% | 4.65B | -12.61B | 1.15 |
| Q4 FY2017 | 31 Dec 2017 | 12.95B | +22.46% | 3.01B | -9.94B | 0.92 |
| Q3 FY2017 | 30 Sept 2017 | 12.78B | +20.97% | 2.09B | -10.69B | 0.99 |
| Q2 FY2017 | 30 Jun 2017 | 12.61B | +13.99% | 1.45B | -11.16B | 1.00 |
| Q1 FY2017 | 31 Mar 2017 | 12.60B | +8.92% | 2.17B | -10.43B | 0.96 |
| Q4 FY2016 | 31 Dec 2016 | 10.57B | -11.35% | 887.00M | -9.69B | 0.78 |
| Q3 FY2016 | 30 Sept 2016 | 10.57B | +57.89% | 709.00M | -9.86B | 0.79 |
| Q2 FY2016 | 30 Jun 2016 | 11.06B | +65.11% | 1.75B | -9.31B | 0.82 |
| Q1 FY2016 | 31 Mar 2016 | 11.57B | +71.53% | 308.00M | -11.26B | 0.90 |
| Q4 FY2015 | 31 Dec 2015 | 11.93B | +80.63% | 1.13B | -10.80B | 0.90 |
| Q3 FY2015 | 30 Sept 2015 | 6.69B | +6.83% | 2.04B | -4.65B | 0.55 |
| Q2 FY2015 | 30 Jun 2015 | 6.70B | +84.11% | 1.88B | -4.82B | 0.58 |
| Q1 FY2015 | 31 Mar 2015 | 6.74B | +84.29% | 2.08B | -4.67B | 0.59 |
| Q4 FY2014 | 31 Dec 2014 | 6.60B | +94.41% | 1.49B | -5.11B | 0.61 |
| Q3 FY2014 | 30 Sept 2014 | 6.26B | +84.07% | 1.85B | -4.41B | 0.58 |
| Q2 FY2014 | 30 Jun 2014 | 3.64B | +6.69% | 2.13B | -1.51B | 0.34 |
| Q1 FY2014 | 31 Mar 2014 | 3.66B | +7.11% | 2.17B | -1.49B | 0.35 |
| Q4 FY2013 | 31 Dec 2013 | 3.40B | +1.04% | 2.29B | -1.10B | 0.31 |
| Q3 FY2013 | 30 Sept 2013 | 3.40B | +1.61% | 2.02B | -1.39B | 0.31 |
| Q2 FY2013 | 30 Jun 2013 | 3.41B | +2.25% | 3.07B | -341.00M | 0.29 |
| Q1 FY2013 | 31 Mar 2013 | 3.42B | +2.86% | 4.74B | 1.32B | 0.28 |
| Q4 FY2012 | 31 Dec 2012 | 3.36B | +1.63% | 4.86B | 1.50B | 0.29 |
| Q3 FY2012 | 30 Sept 2012 | 3.35B | +1.52% | 3.39B | 38.00M | 0.29 |
| Q2 FY2012 | 30 Jun 2012 | 3.34B | +1.86% | 1.90B | -1.44B | 0.32 |
| Q1 FY2012 | 31 Mar 2012 | 3.32B | -0.18% | 2.21B | -1.12B | 0.36 |
| Q4 FY2011 | 31 Dec 2011 | 3.31B | -15.14% | 3.08B | -228.00M | 0.35 |
| Q3 FY2011 | 30 Sept 2011 | 3.30B | -12.91% | 2.96B | -342.00M | 0.33 |
| Q2 FY2011 | 30 Jun 2011 | 3.27B | — | 1.62B | -1.65B | 0.36 |
| Q1 FY2011 | 31 Mar 2011 | 3.33B | — | 2.98B | -343.00M | 0.37 |
| Q4 FY2010 | 31 Dec 2010 | 3.90B | +49.20% | 2.52B | -1.38B | 0.47 |
| Q3 FY2010 | 30 Sept 2010 | 3.79B | — | 383.00M | -3.41B | 0.45 |
| Q4 FY2009 | 31 Dec 2009 | 2.61B | — | 992.00M | -1.62B | 0.28 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about MARATHON PETROLEUM's debt
Source: Financial Modeling Prep