Marathon Petroleum (MPC) Operating Expenses (2010 - 2026)
Marathon Petroleum's (MPC) quarterly Operating Expenses came in at $33.2 billion in Q1 2026, up 6.42% year-on-year from $31.2 billion in Q1 2025, and up 7.93% quarter-over-quarter from $30.7 billion in Q4 2025.
Marathon Petroleum (MPC) Operating Expenses (2010 - 2026) Analysis & Trends
Marathon Petroleum has disclosed Operating Expenses across 17 years of filings, most recently posting $33.2 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $33.2 billion, up 6.42% year-over-year; the trailing twelve-month figure through Mar 2026 was $128.9 billion (down 3.31% YoY), and the FY2025 annual result was $126.9 billion, down 5.0% from the prior year.
- Operating Expenses came in at $33.2 billion for Q1 2026 at Marathon Petroleum, up from $30.7 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $45.9 billion in Q2 2022 to a low of $30.7 billion in Q4 2025.
- The 5-year median for Operating Expenses is $33.5 billion (2023), against an average of $34.6 billion.
- Across the five-year window, Operating Expenses soared 61.78% in 2022 and declined 26.99% in 2023, its largest moves.
- Marathon Petroleum's Operating Expenses stood at $35.4 billion in 2022, then slipped by 2.62% to $34.4 billion in 2023, then fell by 6.11% to $32.3 billion in 2024, then declined by 4.94% to $30.7 billion in 2025, then climbed by 7.93% to $33.2 billion in 2026.
- The last three Operating Expenses figures came in at $33.2 billion (Q1 2026), $30.7 billion (Q4 2025), and $33.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 76.18 Bn | 80.70 Bn | 3.31 Bn | 33.16 Bn |
| 2 | Valero Energy | 75.63 Bn | 72.96 Bn | 30.79 Bn | 385.00 Mn |
| 3 | Phillips 66 | 71.92 Bn | 67.92 Bn | 31.12 Bn | 32.74 Bn |
| 4 | HF Sinclair | 12.56 Bn | 11.48 Bn | 1.19 Bn | 6.28 Bn |
| 5 | Sunoco | 8.81 Bn | 8.10 Bn | 1.69 Bn | 330.00 Mn |
| 6 | Cosan | 5.12 Bn | 250.68 Mn | 552.94 Mn | 803.77 Mn |
| 7 | Icahn Enterprises | 4.72 Bn | 3.42 Bn | -134.00 Mn | 2.82 Bn |
| 8 | PBF Energy | 4.49 Bn | 4.08 Bn | 278.50 Mn | 7.60 Bn |
| 9 | Cvr Energy | 3.16 Bn | 2.85 Bn | -103.00 Mn | 60.00 Mn |
| 10 | Delek US Holdings | 2.80 Bn | 2.43 Bn | -130.20 Mn | 2.83 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.16 Bn |
| Dec 31, 2025 | 30.73 Bn |
| Sep 30, 2025 | 33.14 Bn |
| Jun 30, 2025 | 31.90 Bn |
| Mar 31, 2025 | 31.16 Bn |
| Dec 31, 2024 | 32.33 Bn |
| Sep 30, 2024 | 34.02 Bn |
| Jun 30, 2024 | 35.84 Bn |
| Mar 31, 2024 | 31.43 Bn |
| Dec 31, 2023 | 34.43 Bn |
| Sep 30, 2023 | 36.83 Bn |
| Jun 30, 2023 | 33.52 Bn |
| Mar 31, 2023 | 31.02 Bn |
| Dec 31, 2022 | 35.35 Bn |
| Sep 30, 2022 | 40.55 Bn |
| Jun 30, 2022 | 45.91 Bn |
| Mar 31, 2022 | 36.67 Bn |
| Dec 31, 2021 | 33.83 Bn |
| Sep 30, 2021 | 31.27 Bn |
| Jun 30, 2021 | 28.86 Bn |