Marathon Petroleum (MPC) Debt/Equity Ratio: History & Chart

Marathon Petroleum Corporation (MPC)MPCMarathon Petroleum Corporation

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) functions as a prominent integrated energy enterprise, primarily concentrating its downstream operations across the United States. Its business is bifurcated into two main divisions: Refining & Marketing, and Midstream. The Refining & Marketing segment is responsible for processing crude oil and various other raw materials at its refineries, strategically located in the U.S. Gulf Coast, Mid-Continent, and West Coast regions. This division also acquires refined petroleum products and ethanol for subsequent distribution. Key outputs from this segment encompass a diverse array of transportation fuels, including different gasoline blends, heavy fuel oil, and asphalt. Additionally, it manufactures chemicals such as aromatics, propane, propylene, and sulfur. MPC sells these refined goods through multiple channels, including wholesale marketers domestically and globally, purchasers on the open spot market, and independent entrepreneurs who manage primarily Marathon-branded retail locations. It also supplies fuel via long-term agreements to direct dealer sites, predominantly under the ARCO brand. The Midstream segment handles the comprehensive movement, storage, distribution, and commercialization of crude oil and refined products. This is achieved through its extensive network of refining logistics assets, pipelines, terminals, towboats, and barges. Moreover, this segment engages in the collection, processing, and transportation of natural gas, alongside the gathering, transport, fractionation, storage, and marketing of natural gas liquids. By December 31, 2021, the corporation supported 7,159 branded jobber retail points, managed by independent entrepreneurs, spanning 37 U.S. states, the District of Columbia, and Mexico. Marathon Petroleum Corporation, established in 1887, maintains its corporate headquarters in Findlay, Ohio.

Findlay, OH

18,500 employees

www.marathonpetroleum.com

Energy / Oil & Gas Refining & Marketing

Sector: Energy
Industry: Oil & Gas Refining & Marketing
CEO: Maryann T. Mannen

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MPC Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

2.05

DEBT TO EQUITY RATIO AVG TTM

1.96

DEBT TO EQUITY RATIO AVG 3Y

1.54

DEBT TO EQUITY RATIO AVG 5Y

1.38

DEBT TO EQUITY RATIO AVG 10Y

1.22

DEBT TO EQUITY RATIO AVG 15Y

0.96

DEBT TO EQUITY RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+4.53%

CURRENT VS 3Y AVG

+32.67%

CURRENT VS 5Y AVG

+48.23%

CURRENT VS 10Y AVG

+67.99%

CURRENT VS 15Y AVG

+114.08%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · ENERGY

0.61

median of 42 covered companies

CURRENT VS SECTOR MEDIAN

+233.16%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Marathon Petroleum Corporation (MPC)	$90.28B	2.05	1.96	1.54	1.38
The Williams Companies, Inc. (WMB)vs ›	$90.50B	2.30	2.24	2.15	2.10
Valero Energy Corporation (VLO)vs ›	$89.82B	0.49	0.48	0.49	0.61
Enterprise Products Partners L.P. (EPD)vs ›	$83.79B	1.17	1.15	1.10	1.14
Canadian Natural Resources Limited (CNQ)vs ›	$96.86B	0.44	0.47	0.39	0.45
Phillips 66 (PSX)vs ›	$82.90B	0.79	0.76	0.68	0.72
Slb N.V. (SLB)vs ›	$78.37B	0.47	0.52	0.58	0.78
EOG Resources, Inc. (EOG)vs ›	$77.97B	0.28	0.23	0.21	0.24
Suncor Energy Inc. (SU)vs ›	$77.71B	0.41	0.37	0.38	0.44
Eni S.p.A. (E)vs ›	$76.03B	0.91	0.90	0.84	0.86

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Marathon Petroleum Corporation (MPC)

$90.28B

2.05

1.96

1.54

1.38

The Williams Companies, Inc. (WMB)vs ›

$90.50B

2.30

2.24

2.15

2.10

Valero Energy Corporation (VLO)vs ›

$89.82B

0.49

0.48

0.49

0.61

Enterprise Products Partners L.P. (EPD)vs ›

$83.79B

1.17

1.15

1.10

1.14

Canadian Natural Resources Limited (CNQ)vs ›

$96.86B

0.44

0.47

0.39

0.45

Phillips 66 (PSX)vs ›

$82.90B

0.79

0.76

0.68

0.72

Slb N.V. (SLB)vs ›

$78.37B

0.47

0.52

0.58

0.78

EOG Resources, Inc. (EOG)vs ›

$77.97B

0.28

0.23

0.21

0.24

Suncor Energy Inc. (SU)vs ›

$77.71B

0.41

0.37

0.38

0.44

Eni S.p.A. (E)vs ›

$76.03B

0.91

0.90

0.84

0.86

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Marathon Petroleum Corporation (MPC)?

The debt to equity ratio for MPC stock is 2.05.

Is Marathon Petroleum Corporation's debt to equity ratio high or low?

The debt to equity ratio of 2.05 is 48% above its 5-year average of 1.38, near the high end of its 5-year range (1.01–2.05).

What is the TTM average debt to equity ratio for Marathon Petroleum Corporation (MPC)?

The TTM average debt to equity ratio for MPC stock is 1.96.

What is the 3Y average debt to equity ratio for Marathon Petroleum Corporation (MPC)?

The 3Y average debt to equity ratio for MPC stock is 1.54.

What is the 5Y average debt to equity ratio for Marathon Petroleum Corporation (MPC)?

The 5Y average debt to equity ratio for MPC stock is 1.38.

What is the 10Y average debt to equity ratio for Marathon Petroleum Corporation (MPC)?

The 10Y average debt to equity ratio for MPC stock is 1.22.

What is the 15Y average debt to equity ratio for Marathon Petroleum Corporation (MPC)?

The 15Y average debt to equity ratio for MPC stock is 0.96.

DATE	DEBT TO EQUITY RATIO
2026-03-31	2.05
2025-12-31	1.98
2025-09-30	2.00
2025-06-30	1.81
2025-03-31	1.96
2024-12-31	1.62
2024-09-30	1.55
2024-06-30	1.41
2024-03-31	1.24
2023-12-31	1.17
2023-09-30	1.11
2023-06-30	1.11
2023-03-31	1.06
2022-12-31	1.01
2022-09-30	1.06
2022-06-30	1.07
2022-03-31	1.17
2021-12-31	1.03
2021-09-30	1.02
2021-06-30	1.03
2021-03-31	1.57
2020-12-31	1.49
2020-09-30	1.49
2020-06-30	1.46
2020-03-31	1.42
2019-12-31	0.91
2019-09-30	0.93
2019-06-30	0.91
2019-03-31	0.91
2018-12-31	0.78
2018-09-30	1.22
2018-06-30	1.15
2018-03-31	1.15
2017-12-31	0.92
2017-09-30	0.99
2017-06-30	1.00
2017-03-31	0.96
2016-12-31	0.78
2016-09-30	0.79
2016-06-30	0.82
2016-03-31	0.90
2015-12-31	0.90
2015-09-30	0.55
2015-06-30	0.58
2015-03-31	0.59
2014-12-31	0.61
2014-09-30	0.58
2014-06-30	0.34
2014-03-31	0.35
2013-12-31	0.31
2013-09-30	0.31
2013-06-30	0.29
2013-03-31	0.28
2012-12-31	0.29
2012-09-30	0.29
2012-06-30	0.32
2012-03-31	0.36
2011-12-31	0.35
2011-09-30	0.33
2011-06-30	0.36
2011-03-31	0.37
2010-12-31	0.47
2010-09-30	0.45
2010-06-30	0.00
2010-03-31	0.00
2009-12-31	0.28
2009-09-30	0.00

DATE

DEBT TO EQUITY RATIO

2026-03-31

2.05

2025-12-31

1.98

2025-09-30

2.00

2025-06-30

1.81

2025-03-31

1.96

2024-12-31

1.62

2024-09-30

1.55

2024-06-30

1.41

2024-03-31

1.24

2023-12-31

1.17

2023-09-30

1.11

2023-06-30

1.11

2023-03-31

1.06

2022-12-31

1.01

2022-09-30

1.06

2022-06-30

1.07

2022-03-31

1.17

2021-12-31

1.03

2021-09-30

1.02

2021-06-30

1.03

2021-03-31

1.57

2020-12-31

1.49

2020-09-30

1.49

2020-06-30

1.46

2020-03-31

1.42

2019-12-31

0.91

2019-09-30

0.93

2019-06-30

0.91

2019-03-31

0.91

2018-12-31

0.78

2018-09-30

1.22

2018-06-30

1.15

2018-03-31

1.15

2017-12-31

0.92

2017-09-30

0.99

2017-06-30

1.00

2017-03-31

0.96

2016-12-31

0.78

2016-09-30

0.79

2016-06-30

0.82

2016-03-31

0.90

2015-12-31

0.90

2015-09-30

0.55

2015-06-30

0.58

2015-03-31

0.59

2014-12-31

0.61

2014-09-30

0.58

2014-06-30

0.34

2014-03-31

0.35

2013-12-31

0.31

2013-09-30

0.31

2013-06-30

0.29

2013-03-31

0.28

2012-12-31

0.29

2012-09-30

0.29

2012-06-30

0.32

2012-03-31

0.36

2011-12-31

0.35

2011-09-30

0.33

2011-06-30

0.36

2011-03-31

0.37

2010-12-31

0.47

2010-09-30

0.45

2010-06-30

0.00

2010-03-31

0.00

2009-12-31

0.28

2009-09-30

0.00

Debt to Equity Ratio: 2.05

MPC Debt to Equity Ratio

MPC Average Debt to Equity Ratio Chart

MPC Current vs Average Debt to Equity Ratio Chart

MPC Debt to Equity Ratio Metrics

MPC Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

MPC Debt to Equity Ratio History

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