Debt to Equity
since 2011
Calculation
Marathon Petroleum Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total MPC stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1.12 | = | 27,283) | ÷ | 24,404) |
| Dec 31, 2022 | 0.96 | = | 26,700) | ÷ | 27,715) |
| Dec 31, 2021 | 0.97 | = | 25,539) | ÷ | 26,206) |
| Dec 31, 2020 | 1.42 | = | 31,584) | ÷ | 22,199) |
| Dec 31, 2019 | 0.86 | = | 28,838) | ÷ | 33,694) |
| Dec 31, 2018 | 0.78 | = | 27,524) | ÷ | 35,175) |
| Dec 31, 2017 | 0.92 | = | 12,946) | ÷ | 14,033) |
| Dec 31, 2016 | 0.78 | = | 10,572) | ÷ | 13,557) |
| Dec 31, 2015 | 0.90 | = | 11,925) | ÷ | 13,237) |
| Dec 31, 2014 | 0.62 | = | 6,637) | ÷ | 10,751) |
| Dec 31, 2013 | 0.31 | = | 3,396) | ÷ | 10,920) |
| Dec 31, 2012 | 0.29 | = | 3,361) | ÷ | 11,694) |
| Dec 31, 2011 | 0.35 | = | 3,307) | ÷ | 9,505) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 US$ in millions
Comparison to Competitors
Marathon Petroleum Corp., debt to equity, long-term trends, comparison to competitors
| Marathon Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | Valero Energy Corp. | |
|---|---|---|---|---|---|---|
| Dec 31, 2023 | 1.12 | 0.13 | 0.38 | 0.20 | 0.65 | 0.44 |
| Dec 31, 2022 | 0.96 | 0.15 | 0.35 | 0.21 | 0.66 | 0.49 |
| Dec 31, 2021 | 0.97 | 0.23 | 0.44 | 0.28 | 1.46 | 0.75 |
| Dec 31, 2020 | 1.42 | 0.34 | 0.51 | 0.43 | 1.95 | 0.78 |
| Dec 31, 2019 | 0.86 | 0.19 | 0.43 | 0.24 | 1.13 | 0.44 |
| Dec 31, 2018 | 0.78 | 0.22 | 0.47 | 0.20 | 0.48 | 0.42 |
| Dec 31, 2017 | 0.92 | 0.26 | 0.64 | 0.23 | 0.48 | 0.40 |
| Dec 31, 2016 | 0.78 | 0.32 | 0.78 | 0.26 | 0.46 | 0.40 |
| Dec 31, 2015 | 0.90 | 0.25 | 0.63 | 0.23 | 0.34 | 0.36 |
| Dec 31, 2014 | 0.62 | 0.18 | 0.43 | 0.17 | 0.20 | 0.31 |
| Dec 31, 2013 | 0.31 | 0.14 | 0.42 | 0.13 | 0.16 | 0.34 |
| Dec 31, 2012 | 0.29 | 0.09 | 0.45 | 0.07 | 0.19 | 0.39 |
| Dec 31, 2011 | 0.35 | 0.08 | 0.35 | 0.11 | 0.16 | 0.47 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Marathon Petroleum Corp., debt to equity, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Marathon Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2023 | 1.12 | 0.28 |
| Dec 31, 2022 | 0.96 | 0.29 |
| Dec 31, 2021 | 0.97 | 0.40 |
| Dec 31, 2020 | 1.42 | 0.55 |
| Dec 31, 2019 | 0.86 | 0.36 |
| Dec 31, 2018 | 0.78 | 0.29 |
| Dec 31, 2017 | 0.92 | 0.31 |
| Dec 31, 2016 | 0.78 | 0.36 |
| Dec 31, 2015 | 0.90 | 0.31 |
| Dec 31, 2014 | 0.62 | 0.22 |
| Dec 31, 2013 | 0.31 | 0.18 |
| Dec 31, 2012 | 0.29 | 0.15 |
| Dec 31, 2011 | 0.35 | 0.16 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Industry (Energy)
Marathon Petroleum Corp., debt to equity, long-term trends, comparison to industry (energy)
| Marathon Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2023 | 1.12 | 0.29 |
| Dec 31, 2022 | 0.96 | 0.30 |
| Dec 31, 2021 | 0.97 | 0.42 |
| Dec 31, 2020 | 1.42 | 0.58 |
| Dec 31, 2019 | 0.86 | 0.37 |
| Dec 31, 2018 | 0.78 | 0.30 |
| Dec 31, 2017 | 0.92 | 0.33 |
| Dec 31, 2016 | 0.78 | 0.37 |
| Dec 31, 2015 | 0.90 | 0.33 |
| Dec 31, 2014 | 0.62 | 0.23 |
| Dec 31, 2013 | 0.31 | 0.19 |
| Dec 31, 2012 | 0.29 | 0.17 |
| Dec 31, 2011 | 0.35 | 0.18 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).