Marathon Petroleum (MPC) Operating Expenses (2010 - 2026)
Marathon Petroleum (MPC) posted Operating Expenses of $33.2 billion for Q1 2026, up 7.93% sequentially from $30.7 billion in Q4 2025, and up 6.42% YoY from $31.2 billion in Q1 2025.
Marathon Petroleum (MPC) Operating Expenses (2010 - 2026) Analysis & Trends
Marathon Petroleum has reported Operating Expenses for 17 years, with the latest figure at $33.2 billion in Q1 2026.
- Quarterly Operating Expenses rose 6.42% year-over-year to $33.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $128.9 billion (down 3.31% YoY) and the FY2025 annual result came in at $126.9 billion, down 5.0% from the prior year.
- Operating Expenses climbed to $33.2 billion in Q1 2026 per MPC's latest filing, from $30.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $45.9 billion in Q2 2022 and troughed at $30.7 billion in Q4 2025.
- A 5-year average of $34.6 billion and a median of $33.5 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 61.78% in 2022, then retreated 26.99% in 2023.
- Over 5 years, Operating Expenses stood at $35.4 billion in 2022, then declined by 2.62% to $34.4 billion in 2023, then decreased by 6.11% to $32.3 billion in 2024, then retreated by 4.94% to $30.7 billion in 2025, then increased by 7.93% to $33.2 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $33.2 billion, $30.7 billion, and $33.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.04 Bn | 88.28 Bn | 9.27 Bn | 45.02 Bn |
| 2 | Valero Energy | 94.84 Bn | 86.96 Bn | 5.47 Bn | 233.00 Mn |
| 3 | Phillips 66 | 89.13 Bn | 85.03 Bn | 8.38 Bn | 47.07 Bn |
| 4 | HF Sinclair | 15.52 Bn | 13.26 Bn | 1.57 Bn | 9.22 Bn |
| 5 | Sunoco | 10.06 Bn | 9.28 Bn | 1.46 Bn | 13.68 Bn |
| 6 | PBF Energy | 8.19 Bn | 7.30 Bn | 1.15 Bn | 10.41 Bn |
| 7 | Cosan | 6.58 Bn | 1.47 Bn | 552.94 Mn | 803.77 Mn |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | -124.64 Mn |
| 9 | Icahn Enterprises | 5.04 Bn | 3.07 Bn | 198.00 Mn | 3.36 Bn |
| 10 | Delek US Holdings | 3.91 Bn | 3.28 Bn | 365.10 Mn | 3.78 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 45.02 Bn |
| 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 |