Total Debt for Marathon Petroleum (MPC)
According to Marathon Petroleum's latest reported financial statements, the company's latest reported total debt is $34.36B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$34.36B
YoY change
+19.5%
5Y CAGR
+0.8%
Peak year (2025)
$34.36B
Latest annual
$34.36B
Total Debt history chart for Marathon Petroleum (MPC) from 2008 to 2025
Total Debt history table for Marathon Petroleum (MPC) from 2008 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $34.36B | +19.5% | ||
| 2024 | $28.76B | +0.9% | ||
| 2023 | $28.50B | +2.1% | ||
| 2022 | $27.91B | +3.7% | ||
| 2021 | $26.90B | -18.7% | ||
| 2020 | $33.09B | +8.4% | ||
| 2019 | $30.54B | +11.0% | ||
| 2018 | $27.52B | +112.6% | ||
| 2017 | $12.95B | +22.5% | ||
| 2016 | $10.57B | -11.3% | ||
| 2015 | $11.93B | +80.6% | ||
| 2014 | $6.60B | +94.4% | ||
| 2013 | $3.40B | +1.0% | ||
| 2012 | $3.36B | +1.6% | ||
| 2011 | $3.31B | -15.1% | ||
| 2010 | $3.90B | +49.2% | ||
| 2009 | $2.61B | +3.4% | ||
| 2008 | $2.52B | — |
Total Debt values are taken from Marathon Petroleum's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Marathon Petroleum (MPC) total debt is $34.36B – grew 19.5% year-over-year.
Through 2020–2025 (5 years), Marathon Petroleum total debt delivered a +0.8% annualised rate; with the latest reading among the more recent periods of the dataset.
The highest annual total debt of $34.36B was reported in 2025. The lowest in the available history was $2.52B in 2008.
Among 8 Energy peers, Marathon Petroleum (MPC) ranks 4th; the peer median for total debt is $26.40B.
Marathon Petroleum Total Debt by Year
Marathon Petroleum Total Debt 2025: $34.36B
Marathon Petroleum total debt in 2025 was $34.36B, grew 19.5% from 2024. This figure represents the highest annual value in the available history.
Marathon Petroleum Total Debt 2024: $28.76B
Marathon Petroleum total debt in 2024 was $28.76B, edged up 0.9% from 2023.
Marathon Petroleum Total Debt 2023: $28.50B
Marathon Petroleum total debt in 2023 was $28.50B, edged up 2.1% from 2022.
Marathon Petroleum Total Debt 2022: $27.91B
Marathon Petroleum total debt in 2022 was $27.91B, edged up 3.7% from 2021.
Marathon Petroleum Total Debt 2021: $26.90B
Marathon Petroleum total debt in 2021 was $26.90B.
See more financial history for Marathon Petroleum (MPC).
Sector peers — Total Debt
Companies in the same sector as Marathon Petroleum, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Enbridge Inc. (ENB) | $106.40B | Energy |
| Chevron Corporation (CVX) | $46.74B | Energy |
| Exxon Mobil Corporation (XOM) | $43.54B | Energy |
| The Williams Companies, Inc. (WMB) | $29.36B | Energy |
| ConocoPhillips (COP) | $23.44B | Energy |
| SLB N.V. (SLB) | $12.31B | Energy |
| Valero Energy Corporation (VLO) | $10.62B | Energy |
| EOG Resources, Inc. (EOG) | $8.41B | Energy |
Frequently asked questions
What is Marathon Petroleum's total debt?
- Latest reported total debt for Marathon Petroleum (MPC) is $34.36B (period ending December 31, 2025).
How has Marathon Petroleum total debt changed year-over-year?
- Marathon Petroleum (MPC) total debt changed +19.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Marathon Petroleum total debt?
- Marathon Petroleum (MPC) total debt compound annual growth rate is +0.8% over the most recent 5 years available.
When did Marathon Petroleum total debt hit its highest annual value?
- Marathon Petroleum total debt reached its highest annual value of $34.36B in 2025.
What was Marathon Petroleum total debt in 2024?
- Marathon Petroleum (MPC) total debt in 2024 was $28.76B.
What was Marathon Petroleum total debt in 2025?
- Marathon Petroleum (MPC) total debt in 2025 was $34.36B.
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