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Marathon Petroleum (MPC) Operating Expenses (2016 - 2025)

Marathon Petroleum's Operating Expenses history spans 16 years, with the latest figure at $30.7 billion for Q4 2025.

  • For Q4 2025, Operating Expenses fell 4.94% year-over-year to $30.7 billion; the TTM value through Dec 2025 reached $126.9 billion, down 5.0%, while the annual FY2025 figure was $126.9 billion, 5.0% down from the prior year.
  • Operating Expenses for Q4 2025 was $30.7 billion at Marathon Petroleum, down from $33.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $45.9 billion in Q2 2022 and bottomed at $575.0 million in Q1 2021.
  • The 5-year median for Operating Expenses is $33.3 billion (2023), against an average of $32.5 billion.
  • The largest annual shift saw Operating Expenses plummeted 98.27% in 2021 before it surged 6277.04% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $33.8 billion in 2021, then rose by 4.5% to $35.4 billion in 2022, then dropped by 2.62% to $34.4 billion in 2023, then dropped by 6.11% to $32.3 billion in 2024, then fell by 4.94% to $30.7 billion in 2025.
  • Per Business Quant, the three most recent readings for MPC's Operating Expenses are $30.7 billion (Q4 2025), $33.1 billion (Q3 2025), and $31.9 billion (Q2 2025).